HECM/Reverse Collateral Underwriter

Longbridge Financial (LBF) is an innovative company committed to responsibly helping seniors use home equity to have a better retirement.  We work together with reputable companies in the financial services industry and anticipate rapid expansion and opportunities for personal and professional growth while moving into exciting new directions for the reverse mortgage business. 

Job Description:

• The Collateral Underwriter is responsible for reviewing, analyzing, and underwriting residential collateral (FHA and proprietary appraisals) for new loan origination
• The Collateral Underwriter is required to ensure each property valuation or condominium conforms to applicable agency/inventor guidelines prior to extending new loan credit to consumers
• The Collateral Underwriter ensures the quality of each property valuation or condominium project to mitigate unnecessary risk
• The Collateral Underwriter reports to the Underwriting Manager. The Collateral Underwriter also works closely with AMCs, and internal departments

Key Tasks and Responsibilities:

• Review and approve residential appraisals (FHA and Proprietary) for the purpose of loan collateralization
• Review of condominium project documentation
• Ensuring property type, condition and value conforms with applicable agency guidelines
• Handling AMC work product/validation appeals.
• Daily reporting to management
• Communicate with originator, per service standards; answer underwriting and product questions
• Complete underwriting certifications, as necessary
• Complete and deliver work product with highest degree of customer service and accuracy
• Incumbent will be responsible for meeting LBF commitment to compliance.

Qualifications:

• DE Designation / Active CHUMS #
• 3-4 Years of residential appraisal or loan origination underwriting experience
• Active knowledge of FHA minimum property requirements/minimum property standards
• Experienced in reverse program collateral requirements
• Experienced in analyzing, single family property, 2-4 multi-family property, condominium and manufactured home appraisals.
• Proficient in Microsoft Office (Outlook, Word and Excel)
• Strong analytical skills
• Attention to detail
• Strong communication skills (verbal and written)

• Full benefits
• 401(k) with company match.
• Paid time off.
• Working in a growing and dynamic industry
• LBF is an EOE