Reverse Mortgage Processor

This is a fully remote position, open to applicants in New Jersey.

📋 Description

• Manage applications from submission to underwriting and closing stages.

• Collect initial loan file documents and conduct a pre-review.

• Verify completeness of borrower-qualification documentation and input into LOS systems.

• Forward files to Underwriting for assessment.

• Examine approval conditions for accuracy and clear them as necessary.

• Maintain daily communication with loan officers, borrowers, underwriters, closers, AMCs, and title companies.

• Review, upload, organize, and categorize documentation within the loan imaging system.

• Evaluate credit, income, tax returns, asset documentation, and payment history.

• Resolve loan conditions to attain final loan approval.

• Conduct a final data review prior to transferring files to the closing department.

• Safeguard confidentiality of client files.

• Execute other mortgage or company-related tasks as assigned by Management.

⛳️ Requirements

• At least 3 years of FHA processing experience is preferred.

• Experience in reverse mortgage processing is required.

• Strong knowledge of mortgage lending regulatory compliance, including TILA, RESPA, Reg B, and Reg C.

• Capability to exercise independent judgment and apply problem-solving skills.

• Ability to manage multiple tasks and prioritize workloads to meet deadlines.

• Capacity to work independently with meticulous attention to detail.

• Excellent communication skills and professional interaction with both internal and external customers.

• Detail-oriented and highly motivated to thrive in a fast-paced environment.

• Proficient in computer applications, including Word, Excel, and Outlook.

• Must reside outside of MA, CT, and NH due to state employment law restrictions.

🏝️ Benefits

• Professional training and distinct career advancement opportunities.

• Team-building activities and friendly competitions.

• Comprehensive medical, dental, and vision insurance coverage.

• Health Savings Account (HSA) and Flexible Spending Account (FSA) options.

• Generous paid time off policy.

• Paid holidays throughout the year.

• Company-funded life insurance coverage.

• 401(k) plan with company matching contributions.

• Availability of voluntary products and discounts.

• Eligibility for monthly production bonuses.