Mortgage Underwriter
Core
Underwrite FHA-insured reverse mortgage (HECM) loans to ensure compliance with HUD guidelines, investor requirements, and internal credit standards.
Role type
Senior HECM Underwriter
Builds
FHA-insured reverse mortgage loans
Domain
Mortgage lending / Reverse mortgages
Required skills
HECM underwriting, financial assessment, residual income analysis, property eligibility evaluation, title and vesting review, risk mitigation, fraud prevention, regulatory compliance interpretation
Preferred skills
DE Underwriter designation, proprietary reverse mortgage underwriting, delegated underwriting environment, secondary market delivery
Technologies
FHA Connection, HERMIT, ReverseVision, automated valuation and appraisal review tools
Responsibilities
Review and underwrite HECM loan files per HUD/FHA/investor guidelines; Complete comprehensive financial assessments including income, assets, liabilities, and residual income; Evaluate borrower eligibility, occupancy, and counseling compliance; Review appraisals and collateral documentation; Analyze title commitments, ownership structures, trusts, and life estates; Identify and communicate underwriting conditions, deficiencies, and risk factors; Ensure loans meet FHA insurability and investor salability standards; Maintain accurate loan documentation for audit readiness; Interpret HUD Mortgagee Letters and FHA policy updates; Collaborate with fulfillment, processing, and quality control teams.
Seniority
Senior, hands-on IC