Mortgage Underwriter

Job Description AboutAltisourceAltisourceisaleadingproviderofintegratedservicesandtechnologyforthemortgageandrealestateindustries.Oursolutionssupportthefullmortgagelifecycle,fromoriginationsthroughservicing,helpingclientsmanagerisk,maintaincompliance,andscaleefficiently.Withinnovation,serviceexcellence,andregulatoryintegrityatourcore,wedelivertechnology-enabledsolutionsthatsolvecomplexbusinesschallengesacrosstheindustry. The Role AltisourceisseekinganexperiencedHECM(HomeEquityConversionMortgage)Underwritertospportourgrowingreversemortgageoriginationplatform.Inthisrole,youwillberesponsibleforunderwritingFHA-insuredreversemortgageloans,ensuringcompliancewithHUDguidelines,investorrequirements,andinternalcreditandoperationalstandards.TheidealcandidatewillpossessstrongknowledgeofHECMunderwriting,propertyeligibilityrequirements,incomeandfinancialassessmentanalysis,andqualitycontrolprocessesnecessaryforsuccessfulloandeliveryandinsurability. What You’ll Do Review,analyze,andunderwriteHECMloanfilesinaccordancewithHUD,FHA,investor,andcompanyunderwritingguidelines. Completecomprehensivefinancialassessments,includingincome,assets,liabilities,residualincomecalculations,andpropertychargeevaluations. Evaluateborrowereligibility,occupancyrequirements,andcounselingcompliancerequirementsforreversemortgages. ReviewappraisalsandcollateraldocumentationtoensurepropertyeligibilityandcompliancewithFHAandinvestorstandards. Analyzetitlecommitments,propertyownershipstructures,trusts,lifeestates,andothervestingscenarioscommonlyassociatedwithHECMtransactions. Identifyandclearlycommunicateunderwritingconditions,documentationdeficiencies,andriskfactorstoprocessingteams,ClientRelationshipManagers,andloanoriginators. EnsureloansmeetFHAinsurabilityrequirementsandinvestorsalabilitystandardswhilemaintainingestablishedproductivityandservice-levelexpectations. Maintainthoroughandaccurateloandocumentationtosupportregulatorycompliance,auditreadiness,andqualityassurancerequirements. InterpretandapplyHUDMortgageeLetters,FHApolicyupdates,andinvestoroverlaystounderwritingdecisions. Collaboratewithfulfillment,processing,closing,andqualitycontrolteamstofacilitateefficientloanclosingsandexceptionalclientservice. Supportpost-underwritingreviews,loanaudits,andqualitycontrolinitiativesasneeded. Maintaincurrentknowledgeofreversemortgageregulations,FHA/HUDrequirements,andindustrybestpractices. What You Bring Minimum3+yearsofmortgageunderwritingexperience,withdirectHECM/reversemortgageunderwritingexperiencestronglypreferred.StrongworkingknowledgeofFHAHECMunderwritingguidelines,HUDregulations,andreversemortgageprogramrequirements.Experienceperformingfinancialassessmentsandresidualincomeanalysesforreversemortgageborrowers.Proficiencyreviewingandinterpreting:FHAConnectionHERMIT®orequivalentreversemortgageoriginationsystemsReverseVision(RVExchange)orsimilarHECMplatformsAutomatedvaluationandappraisalreviewtoolsKnowledgeof:HUDMortgageeLettersFHApropertyeligibilityrequirementsTitleandvestingreviewTrustandPowerofAttorneydocumentationNon-borrowingspouserequirementsLifeexpectancyset-asides(LESA)AbilitytoidentifyandmitigateunderwritingriskwhilemaintainingcompliancewithFHAinsurabilitystandards.Strongunderstandingofmortgagefraudprevention,compliancecontrols,andqualityassuranceprocesses.Excellentwrittenandverbalcommunicationskillswiththeabilitytoclearlyarticulateunderwritingdecisionsandconditions.Strongorganizationalskillsandabilitytomanageahigh-volumepipelinewhilemaintainingqualityandservicestandards.Highattentiontodetail,soundjudgment,andacompliance-focusedmindset. Preferred Qualifications DEUnderwriterdesignationorFHAunderwritingexperience. Priorexperienceunderwritingproprietaryreversemortgageproductswithin the past 6 months. Experienceinadelegatedunderwritingenvironment. Familiaritywithsecondarymarketdeliveryrequirementsandinvestoroverlays. Previousexperiencesupportinghigh-volumemortgagefulfillmentoperations. Why Join Altisource Opportunitytoworkwithaleadingproviderofmortgagetechnologyandfulfilmentsolutions.Collaborativeandperformance-drivenculture.Exposuretoadiverseclientportfolioandnationallendingprograms.Competitivecompensationandbenefitspackage.Opportunitiesforprofessionaldevelopmentandcareergrowth. Additional Information The PERKS OF WORKING AT ALTISOURCE Work Environment 100% remote position - US Based candidates only Compensation The expected pay range for this role is $36.50 per hour, depending on experience, skills, and qualifications. Actual compensation may vary based on job‑related factors and geographic location. Good Health Good Health Comprehensive medical coverage Life insurance and personal accident benefits Time to Recharge Paid company holidays (including the day after Thanksgiving) Our Innovation Starts with YOU! Altisource’s Vision to drive innovation that powers the mortgage and real estate lifecycle is made possible by an inclusive culture that celebrates the diverse voices of our employees. We believe that diversity in gender, age, religion, ethnicity, sexual orientation, identity, physical ability, neurodiversity, socioeconomic background, and experience, fosters creativity, challenges groupthink, and makes our Company stronger. At Altisource, anyone can prosper and have a positive impact on our path toward success, irrespective of their background. #J-18808-Ljbffr Altisource