Mortgage Underwriter

About Altisource Altisourceisaleadingproviderofintegratedservicesandtechnologyforthemortgageandrealestateindustries .Oursolutionssupportthefullmortgagelifecycle,fromoriginationsthroughservicing,helpingclientsmanagerisk,maintain compliance,andscaleefficiently.

With innovation,service excellence,andregulatoryintegrityatourcore,wedelivertechnology-enabledsolutionsthatsolvecomplexbusinesschallengesacrosstheindustry.

AltisourceisseekinganexperiencedHECM(Home Equity Conversion Mortgage )
Underwritertospportourgrowingreversemortgageoriginationplatform.

Inthisrole,youwillberesponsibleforunderwritingFHA-insuredreversemortgageloans,ensuringcompliancewithHUDguidelines,investor requirements,andinternalcreditandoperationalstandards.

TheidealcandidatewillpossessstrongknowledgeofHECMunderwriting,propertyeligibilityrequirements,incomeandfinancialassessmentanalysis,andqualitycontrolprocessesnecessaryforsuccessfulloandeliveryandinsurability.

• Review,analyze,andunderwriteHECMloanfilesinaccordancewithHUD,FHA,investor,andcompanyunderwritingguidelines.
• Completecomprehensivefinancialassessments,including income,assets,liabilities,residualincomecalculations,andpropertychargeevaluations.
• Evaluateborrowereligibility,occupancy requirements,andcounselingcompliancerequirementsforreversemortgages.
• ReviewappraisalsandcollateraldocumentationtoensurepropertyeligibilityandcompliancewithFHAandinvestorstandards.
• Analyzetitlecommitments,propertyownershipstructures,trusts,life estates,andothervestingscenarioscommonlyassociatedwithHECMtransactions.
• Identifyandclearlycommunicateunderwritingconditions,documentation deficiencies,andriskfactorstoprocessingteams,Client Relationship Managers ,andloanoriginators.
• EnsureloansmeetFHAinsurabilityrequirementsandinvestorsalabilitystandardswhilemaintainingestablishedproductivityandservice-level expectations.
• Maintainthoroughandaccurateloandocumentationtosupportregulatorycompliance,audit readiness,andqualityassurancerequirements.
• InterpretandapplyHUDMortgagee
  
  Letters,FHApolicyupdates,andinvestoroverlaystounderwritingdecisions.
• Collaboratewithfulfillment,processing,closing,andqualitycontrolteamstofacilitateefficientloanclosingsandexceptionalclientservice.
• Support post-underwriting reviews,loan audits,andqualitycontrolinitiativesasneeded.
• Maintaincurrentknowledgeofreversemortgageregulations,FHA/HUD requirements,andindustrybestpractices.

Minimum3+yearsofmortgageunderwritingexperience,withdirectHECM/reversemortgageunderwritingexperiencestronglypreferred.

StrongworkingknowledgeofFHAHECMunderwritingguidelines,HUD regulations,andreversemortgageprogramrequirements.

Experienceperformingfinancialassessmentsandresidualincomeanalysesforreversemortgageborrowers.

Proficiencyreviewingandinterpreting:

FHAConnectionHERMIT®orequivalentreversemortgageoriginationsystems

Reverse

Vision(RV Exchange) orsimilarHECMplatforms Automatedvaluationandappraisalreviewtools Knowledge of :

HUD Mortgagee

LettersFHApropertyeligibilityrequirements Titleandvestingreview Trustand Powerof Attorney documentation Non -borrowingspouserequirements

Lifeexpectancyset-asides(LESA)
AbilitytoidentifyandmitigateunderwritingriskwhilemaintainingcompliancewithFHAinsurabilitystandards.

Strongunderstandingofmortgagefraudprevention,compliance controls,andqualityassuranceprocesses.

Excellentwrittenandverbalcommunicationskillswiththeabilitytoclearlyarticulateunderwritingdecisionsandconditions.

Strongorganizationalskillsandabilitytomanageahigh-volumepipelinewhilemaintainingqualityandservicestandards.

Highattentiontodetail,sound judgment,andacompliance-focused mindset.

• DEUnderwriterdesignationorFHAunderwritingexperience.
• Priorexperienceunderwritingproprietaryreversemortgageproductswithin the past 6 months.
• Experienceinadelegatedunderwritingenvironment.
• Familiaritywithsecondarymarketdeliveryrequirementsandinvestoroverlays.
• Previousexperiencesupportinghigh-volumemortgagefulfillmentoperations.

Opportunitytoworkwithaleadingproviderofmortgagetechnologyandfulfilmentsolutions.

Collaborativeandperformance-driven culture.

Exposuretoadiverseclientportfolioandnationallendingprograms.

Competitivecompensationandbenefitspackage.

Opportunitiesforprofessionaldevelopmentandcareergrowth.

The PERKS OF WORKING AT ALTISOURCE

100% remote position - US Based candidates only

The expected pay range for this role is $36.50 per hour, depending on experience, skills, and qualifications. Actual compensation may vary based on…