Underwriting Team Lead - Remote

Longbridge Financial

$115K — $125K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of HECM and/or Proprietary mortgage underwriting experience
  • DE Certification required
  • Leadership capacity with a desire to mentor a team
  • Strong prioritization skills and quick decision-making ability
  • Ability to thrive under pressure and tight deadlines
  • Proficient in interpreting and communicating regulatory guidance
  • Exceptional attention to detail and analytical skills

Responsibilities

  • Supervise and monitor the performance of the underwriting team
  • Conduct second level reviews of loan files
  • Resolve escalation questions as needed
  • Assist in hiring and training new underwriters
  • Collaborate with various stakeholders on structuring Reverse transactions
  • Review underwriting decisions and conditions, underwriting loans as needed
  • Stay informed on changes in HECM and Proprietary Reverse underwriting guidelines

Benefits

  • Medical, Dental, and Vision coverage options
  • Flexible Spending and Health Savings Accounts
  • 401(k) plan with company match
  • Generous paid time off policies
  • Access to a range of voluntary products and discounts
Full Job Description
Job Description

Longbridge is looking for our next Underwriting Team Lead. The ideal candidate will possess the following:

Accurately evaluate and underwrite HECM and/or Proprietary reverse mortgage loan files submitted by retail and wholesale production channels, in accordance with company policy and FHA HECM and Platinum program guidelines.

Primary Job Duties:
  • Supervise a team of underwriters and monitor team performance for the review and decisioning of Reverse Mortgage loans
  • Conduct second level reviews
  • Assist as needed to resolve escalation questions
  • Assist in hiring and training underwriters
  • Collaborate with underwriters, processors, sales, and external brokers to assist with structuring Reverse transactions
  • Review underwriting decisions and conditions, and may underwrite loans as needed
  • Have a thorough knowledge of HECM and/or Proprietary Reverse underwriting guidelines and constantly staying on top of any changes
  • Work closely with Underwriting Management to implement plans, improve consistency, efficiency, and shorten turn times.


Qualifications

Required Experience:
  • 5+ years of recent HECM and/or Proprietary mortgage underwriting experience
  • DE Certification required
  • Ability and desire to lead and mentor a team
  • Ability to prioritize and make quick decisions
  • Able to maintain a positive attitude and be productive when under pressure and under tight deadlines
  • Proven ability to interpret and communicate regulatory guidance
  • Strong attention to detail, superior analytical skills, data driven mentality
  • Excellent customer service skills including both verbal and written communication


Additional Information
  • Working in a growing and dynamic industry
  • Full benefits: Medical, Dental, Vision, FSA/HSA, and wide array of voluntary products and discounts
  • 401(k) with company match
  • Paid time off
  • This is an exempt role
  • Target base salary range is 115-125K which is based on various factors including skills and work experience.
  • In addition to base salary, this role is eligible for a competitive additional compensation program via monthly production bonus that is based on individual performance.
  • Please note that salaries that are estimated on various job sites may not reflect the actual compensation. Job sites, set the estimated salary, not Longbridge Financial.


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