CMG Financial · 1 month ago
Reverse Mortgage Underwriter
United States
Full-time
Hybrid
Mid, Senior Level
$80K/yr - $90K/yr
3+ years expCMG Financial is seeking a Reverse Mortgage Underwriter responsible for evaluating and underwriting reverse mortgage loan applications. The role involves reviewing borrower documentation, assessing eligibility, and ensuring compliance with FHA, HUD, and other regulatory requirements.
BankingMortgage
Responsibilities
Review all reverse mortgage loan applications, including borrower financial documentation (income, assets, credit history, etc.) and property appraisals
Ensure the loan meets all eligibility criteria for reverse mortgages, including the Home Equity Conversion Mortgage (HECM) program and other reverse mortgage products
Review borrower qualifications based on established guidelines and make informed decisions on approval, conditions, or denials
Ensure that all loans are underwritten in compliance with federal, state, and local regulations, including FHA/HUD guidelines for reverse mortgages
Stay updated on changes in regulations and ensure that the underwriting process is aligned with the most current standards
Identify potential compliance issues and work to resolve them before loan approval
Analyze risk factors, including borrower creditworthiness, property eligibility, and overall financial situation, to determine whether the loan should be approved, declined, or require additional conditions
Make informed decisions based on sound underwriting judgment while adhering to company policies and regulatory guidelines
Collaborate with loan officers, processors, and other team members to ensure smooth and efficient loan processing
Communicate underwriting decisions clearly to the processing team, and provide feedback or clarification as needed
Work closely with the processing department to ensure all conditions are met and that files are ready for closing
Ensure that all underwriting decisions are properly documented in the loan file for audit and compliance purposes
Maintain accurate records of underwriting actions, including any conditions that need to be met before approval or denial
Prepare detailed reports on underwriting decisions and maintain an organized filing system for all loan files
Review files to ensure consistency, accuracy, and adherence to guidelines and policies
Participate in quality control initiatives to ensure loans are processed efficiently and in full compliance
Assist in resolving any issues that arise during the underwriting process and provide additional support as needed
Respond to questions and concerns from processors, loan officers, and other stakeholders regarding underwriting decisions
Provide clear, concise explanations of underwriting conditions and required actions to move the loan forward
Maintain a customer-centric approach while ensuring compliance with underwriting guidelines
Qualification
Required
High school diploma or equivalent
3+ years of experience in reverse mortgage underwriting
In-depth knowledge of reverse mortgage products, including Home Equity Conversion Mortgages (HECM)
Strong understanding of FHA, HUD, and other relevant regulations governing reverse mortgages
Ability to make independent underwriting decisions based on established guidelines
Strong attention to detail and analytical skills
Excellent communication skills, both written and verbal, with the ability to explain underwriting decisions clearly
Proficiency with underwriting software, mortgage processing systems, and Microsoft Office Suite
Experience with reverse mortgage servicing and secondary market guidelines
Familiarity with risk management practices within the reverse mortgage industry
Experience working in a fast-paced, deadline-driven environment
Preferred
Bachelor's degree
Company
CMG Financial
CMG Financial is a well-capitalized, privately held mortgage-banking firm.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Paula White
Senior Vice President,Senior Loan Officer
Christopher George
President
Recent News
2025-12-09
2025-12-02
2025-11-04
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