Mortgage Underwriter - Reverse

About This Role

This underwriting role involves accurately evaluating and underwriting HECM reverse mortgage loan files submitted through retail and wholesale production channels. It requires adherence to company policy and FHA HECM guidelines, making it suitable for an experienced underwriter with a strong understanding of reverse mortgages.

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
• Reverse mortgage experience a plus
• FHA Direct Endorsement strongly preferred
• Bachelor’s degree strongly preferred, but not required
• Excellent computer skills and knowledge of MS Office products
• Strong customer service and time management skills a must
• Highly motivated and determined to succeed in a competitive, time-sensitive industry

Benefits

• Vacation hours accrue on a per pay period basis, with balance maximums based on years of service
• 40 hours of paid sick time after 90 days of employment (state sick time requirements will be added as needed)
• 9 paid holidays + 1 Cultural Celebration Day (Floating Holiday)
• Multiple PPO Medical Plans, as well as HDHP eligible plan
• Dental coverage
• Vision coverage
• Company paid life insurance
• 401K with a generous employer match
• Optional life insurance
• FSA
• Pet insurance
• Free legal services
• Employee loan program

Important Details

• Work format: 100% Remote

About the Company

Mutual of Omaha is a Fortune 300 Company, and 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. They employ a knowledgeable staff of experienced Loan Officers with a strong operations team.