Reverse Mortgage Underwriting Specialist
6 days ago
Mutual of Omaha Mortgage, a Fortune 300 Company, is seeking highly motivated and experienced individuals to join our first-class Operations Team as Reverse Mortgage Underwriting Specialists.
We offer an attractive compensation package that includes a salary range of $75,000 to $90,000 per year, depending on experience. Our benefits include Medical, Dental, and Vision insurance, company-paid life insurance, 401K with a generous employer match, and additional perks such as Free Legal Services and an Employee Loan Program.
About the JobThe successful candidate will 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.
- 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
To be considered for this role, you should have a minimum of 4 years of experience in mortgage loan underwriting, with a strong background in reverse mortgage products. A Direct Endorsement from the Federal Housing Administration (FHA) is strongly preferred, as well as excellent computer skills and knowledge of MS Office products. Strong customer service and time management skills are also essential for success in this position.
BenefitsWe offer a dynamic work environment with opportunities for professional growth and development. Our team members enjoy a comprehensive benefits package, which includes:
- Medical, Dental, and Vision insurance
- Company-paid life insurance
- 401K with a generous employer match
- Free Legal Services
- Employee Loan Program
Mutual of Omaha Mortgage is an Equal Opportunity Employer committed to diversity and inclusion. We encourage talented and qualified applicants to apply for this exciting opportunity to join our team.
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