Reverse Mortgage DE Underwriter - Remote/hybrid/in-office

At Longbridge Financial, a Reverse Mortgage DE Underwriter is primarily responsible for underwriting mortgage loan files to meet both FHA and company guidelines. This includes evaluating risks, making informed decisions on FHA transactions, and ensuring all loan documentation is accurate and compliant. You will also be required to communicate clearly with relevant parties, ensuring a smooth loan closing process, while prioritizing workflow in accordance with service level agreements.

To qualify for the Reverse Mortgage DE Underwriter role at Longbridge Financial, candidates should possess a minimum of three years of active experience in reverse mortgage underwriting, along with a valid CHUMS number. Candidates with HECM for Purchase experience, proprietary underwriting experience, and a solid understanding of federal and state mortgage regulations will have an advantage. Strong analytical and communication skills are also essential.

Longbridge Financial offers a supportive, collaborative work environment for Reverse Mortgage DE Underwriters. The company values teamwork and encourages open communication. Whether you are working remotely, in a hybrid setup, or in the office, you will find a dynamic workplace that emphasizes continuous growth, employee recognition, and a commitment to doing the right thing for both customers and colleagues.

Longbridge Financial is committed to supporting its employees through outstanding compensation packages, robust benefits, and professional development opportunities. The company focuses on fostering a respectful workplace that values everyone’s contribution. As a Reverse Mortgage DE Underwriter, you will have access to ongoing training and resources to help you excel in your role and navigate the ever-evolving industry landscape.

At Longbridge Financial, we pride ourselves on providing remarkable growth potential for employees in the Reverse Mortgage DE Underwriter role. As the company continues to expand and innovate within the reverse mortgage sector, we encourage our team members to pursue advancement opportunities within the organization and develop their skills further, potentially leading to leadership roles or specialized underwriter positions.

When answering this question, start by detailing your relevant experience in reverse mortgage underwriting, highlighting the specific types of loans you have underwritten and the guidelines you've followed. Emphasize your familiarity with FHA requirements and any proprietary underwriting you've done in your previous roles.

To answer this, discuss your analytical approach to evaluating various factors such as credit scores, income documentation, and the overall financial profile of borrowers. Share specific methodologies you use to assess the risk versus reward of approving a loan, and any tools or software that you leverage in this evaluation process.

Use the STAR method (Situation, Task, Action, Result) to share a specific example of a challenge you faced while underwriting. Discuss the context of the situation, the specific task at hand, the actions you took to resolve it, and the positive outcome that resulted from your efforts.

Explain your approach to staying up-to-date with federal and state regulations, including how you implement compliance checks and audits during the underwriting process. Mention your familiarity with relevant laws such as TILA, RESPA, and HUD guidelines, and how you utilize these in your daily work.

Discuss your time management and organizational strategies, such as prioritizing tasks based on urgency, using task management software, and collaborating with processing departments to ensure efficient workflows. Provide examples of how these techniques have helped you meet deadlines in past roles.

Share your approach to communication, emphasizing clarity and collaboration. Provide examples of how you ensure your messages are clear and constructive while working closely with processing teams. You may also describe how you handle any misunderstandings or conflicts to maintain a productive partnership.

Detail the tools and software applications you are familiar with that are relevant to the underwriting process, such as LOS systems, automated underwriting tools, and compliance software. You can also discuss how adapting new technologies has improved your efficiency in underwriting processes.

Explain scenarios where you might recommend alternative documentation, emphasizing your understanding of different loan types and borrower circumstances. Discuss the critical factors you would assess, such as borrower profiles and potential mitigating circumstances, to ensure the best outcome for the loan.

Speak to the various resources you utilize to stay informed about changes in the reverse mortgage industry, such as attending webinars, reading industry publications, and networking with peers. Emphasize your commitment to ongoing professional development to adapt to evolving market trends.

Reflect on the key qualities essential for success as a Reverse Mortgage DE Underwriter. You could highlight strong analytical skills, attention to detail, and effective communication. Additionally, discuss how these qualities contribute to making sound decisions and providing excellent service to clients and partners.