HECM Underwriter

Job Summary

Seeking an experienced HECM Underwriter, the full-time remote position will manage the underwriting of FHA-insured reverse mortgage loans, ensuring compliance with HUD guidelines and internal standards while performing financial assessments and property eligibility evaluations.

Key responsibilities

• Review and underwrite HECM loan files in accordance with HUD, FHA, and investor guidelines
• Conduct comprehensive financial assessments and evaluate borrower eligibility for reverse mortgages
• Collaborate with various teams to facilitate efficient loan closings and ensure compliance with regulatory standards

Required qualifications

• Minimum 3+ years of mortgage underwriting experience, with a preference for HECM/reverse mortgage experience
• Strong knowledge of FHA HECM underwriting guidelines and HUD regulations
• Experience performing financial assessments and residual income analyses for reverse mortgage borrowers
• Proficiency in using FHA Connection and reverse mortgage origination systems
• Ability to identify and mitigate underwriting risks while maintaining compliance with FHA insurability standards