Mortgage Underwriter - Reverse

About This Role

Mortgage Underwriters evaluate and underwrite HECM reverse mortgage loan files submitted by retail and wholesale production channels, ensuring compliance with company policy and FHA HECM guidelines. This role is for an experienced underwriter who can accurately assess risk and communicate loan decisions effectively.

Responsibilities

• Evaluate risk in accordance with all HECM FHA guidelines and company policies
• Review all aspects of the loan file, including title and appraisal reports
• Set the terms for approval and compliance or identify reasons for rejection
• Ensure regulatory compliance and completeness
• Effectively communicate all loan decisions to sales channels and management, as needed
• Accurately review and input pertinent loan data into operational systems
• Utilize FHA Connection to update loan data as needed
• Work closely with all operational departments to establish productive and efficient workflows
• Complete required checklists and worksheets

Requirements

• Minimum 4 years in mortgage loan underwriting required
• Excellent computer skills and knowledge of MS Office products
• Strong customer service and time management skills
• Highly motivated and determined to succeed in a competitive, time-sensitive industry

Nice to have:

• FHA Direct Endorsement strongly preferred
• Bachelor’s degree strongly preferred
• Reverse mortgage experience

About the Company

Mutual of Omaha Mortgage is a full-service lending company offering both Forward and Reverse Mortgage products, including a complete line of residential mortgage, refinancing, specialty, and HECM loans. It is a Fortune 300 Company inspired by hometown values and a commitment to being responsible and caring for its customers and employees.