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Mortgage Underwriter - Reverse

Company: Mutual of Omaha Mortgage
Location: Scottsdale
Posted on: January 15, 2022

Job Description:

Mutual of Omaha is a Fortune 400 Company. Mutual of Omaha Mortgage is inspired by hometown values and a commitment to being responsible and caring for each other. We exist for the benefit of our customers and employees.

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. We employ a knowledgeable staff of experienced Loan Officers with an operations team that is second to none. If you are interested in joining a team that promotes from within and works together toward a common goal of helping customers with their mortgage needs please review and apply for our opening below!

We offer an extensive compensation package. Benefits include Medical, Dental, and Vision insurance, company paid life insurance, 401K with a generous employer match and additional benefits such as Free Legal Services and an Employee Loan Program. Mutual of Omaha Mortgage is an Equal Opportunity Employer and we encourage diverse, talented, qualified applicants to apply.

We are seeking Reverse Underwriters to join our first in class Operations Team!

JOB PURPOSE:

To accurately evaluate and underwrite HECM reverse mortgage loan files submitted by retail and wholesale production channels, in accordance with company policy and FHA HECM guidelines.

DUTIES AND 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 work flows
Complete required checklists and worksheets

QUALIFICATIONS:
Minimum 4 yrs in mortgage loan underwriting (reverse underwriting preferred)
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

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Keywords: Mutual of Omaha Mortgage, Scottsdale , Mortgage Underwriter - Reverse, Other , Scottsdale, Arizona

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