Remote Reverse DE Underwriter
Fairway Independent Mortgage Corporation4.4
Remote
Job description
Job Posting:
The HECM (Reverse) Underwriter position underwrites residential loans ensuring compliance with appropriate company, secondary market Investor standards, and all applicable laws. Examines loan documentation for accuracy and completeness. Partners with Loan Originators, Branch Managers and Processors to secure all required documents.

Essential Job Functions-Description:
  • Follows prescribed guidelines, receives and reviews loan applications and associated documentation to ensure thoroughness and accuracy according to HECM guidelines, policies and procedures
  • Maintains acceptable turn times for initial decisions and condition reviews in accordance with Department expectations
  • Interacts with Quality Control, Compliance, and Funding for problem resolution, risk evaluation and compliance concerns
  • Develops and maintains sound knowledge of HECM product guidelines offered by the company, and risk assessment tools
  • Reworks loans to new terms, identifies additional conditions as needed to insure a viable credit decision
  • Reviews and evaluates borrower(s) profile including but not limited to all income documentation, tax returns, credit reports, preliminary report, judgments, bankruptcy documents and appraisals and ensures all necessary documentation is requested to support final loan decisions
  • Exercises good judgment, conducts reasonableness tests and issues quality decisions
  • Determines accuracy and completeness of files; ensures processes are consistent
  • Demonstrates proficiency in manual underwriting policies and procedures
  • Maintains a sound knowledge of secondary market activity, practices, and business/industry practices as they impact underwriting quality and origination activity
  • Communicates regularly with loan originators, management, processor
Non-Essential Job Functions
  • Participates in proactive team efforts to achieve departmental and company goals
  • Contributes to a positive work environment by demonstrating cultural expectations and influencing others to reward performance and value can do people, accountability, diversity and inclusion, flexibility, continuous improvement, collaboration, creativity and fun
  • Adopts Fairway values in personal work behaviors, decision making, contributions and interpersonal interactions
  • Performs other duties as assigned
Required Experience
  • 5+ years of related experience
  • Demonstrated experience with MS Office products
  • Demonstrated experience working in a fast paced and changing environment
  • Demonstrated experience effectively managing relationships with internal and external partners
  • Residential loan underwriting experience required
  • Prior mortgage processing experiencer preferred
  • DE certification and recent FHA underwriting experience preferred
  • Demonstrated experience with repurchase response and/or rebuttal review and response preparation
  • Demonstrated experience researching information, problem solving, and making solid business decisions
  • Demonstrated experience reporting, analyzing, interpreting, and critical thinking
  • Demonstrated experience working with Mortgage Loan Officers/Brokers
  • Demonstrated experience with attention to detail, written and oral communication, multi-tasking, and working in a team atmosphere adhering to tight deadlines
Required Knowledge and Skills
  • Solid knowledge and understanding of customer service and intrapersonal best practices
  • Solid knowledge and understanding of FHA/HECM policies and procedures
  • Solid knowledge and understanding of mortgage loan processing, compliance, investor products and underwriting guidelines
  • Solid knowledge and understanding of various fraud tools
  • Solid knowledge and understanding of processing and closing functions and a general understanding of the entire real estate lending process
Physical Environment
This position is primarily a remote position. Access to a quiet space at home and reliable internet is required.

Travel
Local travel may be required for company or career-related meetings, programs and/or events.

#LI-JJ1
#indeed


At Fairway, we are committed to cultivating, fostering, and preserving a culture of diversity and inclusion. In order to attract, recruit, hire, develop, and retain the very best employees at all levels, Fairway is committed to embracing talent and supporting a culture of inclusivity, reflective of Fairway's Core Values.

Fairway is an equal opportunity employer & is committed to equal treatment and opportunity in all aspects of recruitment, selection, and employment without regard to gender, race, religion, national origin, ethnicity, disability, gender identity/expression, sexual orientation, veteran or military status, or any other category protected under the law.
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Company details

Headquarters

Two Corporate Locations: 4750 S. Biltmore Lane Madison WI 53718 | 4201 Marsh Lane Carrollton, TX 75007 --- We are nationwide with branch locations all over the US! We are licensed in all 50 states.

Employee

10000+

Revenue

more than $10B (USD)

Industry

Banks and Financial Services

Company Description
At Fairway Independent Mortgage Corporation, we create raving fans by providing customer service that is legendary, not just satisfactory. We’re committed to recruiting individuals with a high degree of integrity and an extensive knowledge of the mortgage industry. If this describes you, we’d like to speak to you. Founded in 1996 by Steve Jacobson, Fairway Independent Mortgage Corporation is a mortgage banker headquartered in Madison, Wisconsin. The company has over 250 locations and over 10,000 employees nationwide. At Fairway, customer service is a way of life. Fairway is dedicated to finding the best rates for customers and also offers some of the fastest turn times in the industry. The goal is to act as a trusted advisor, providing highly personalized service and helping through every step of the loan process. It’s all designed to exceed expectations, guarantee satisfaction, and earn trust. Fairway Independent Mortgage Corporation provides all necessary support in the areas of personnel, accounting and compliance. For more information, please visit www.FairwayIndependentMC.com The way we do things is as important as what we do. Closing loans timely and accurately is vital to our business. Delivering closing documents to title companies’ days in advance provides added peace of mind. A friendly smile and firm handshake is a must, but it’s the person behind it who makes all the difference. Our team, the people who define us, are the best and brightest in the industry. Our culture is driven by a commitment to speed; we strive to be prompt, efficient, and accurate 100% of the time, while providing superb, unsurpassed service. We also offer a culture where we encourage people to grow and develop and have an aggressive and rewarding compensation environment. JOIN FAIRWAY! CHECK OUT OUR CAREERS PAGE: https://www.fairwayindependentmc.com/careers Fairway was named #1 Top Places to Work in the USA 2021. Fairway is the #1 Best Mortgage Company to work for according to Mortgage Executive Magazine for the 6 years in a row. Testimonials Ashley McKenzie-Sharpe - Senior Loan Officer: “Dedication is a way of life at Fairway. The support from our leadership is amazing—and I am truly fortunate to have found a new “family” with Fairway Independent Mortgage.” Diane Fry - Mortgage Loan Officer: “Lou Holtz was asked how he attracted and kept talent. He asked: 1) Can I trust you?, 2) Do you really care about me?, 3) Are you committed to excellence? Fairway answers YES to all of these questions!” Read more testimonials on our #FairwayStories Facebook Group: www.facebook.com/groups/fairwaystories
Company ratings
  • Overall
    4.4
  • Company & Benefits
    3.5 / 5
  • Culture & Values
    3.5 / 5
  • Career Opportunities
    3.1 / 5
  • Work/Life Balance
    3.5 / 5
  • Senior Management
    3.1 / 5
Company reviews
"Best mortgage company on the planet "
Current EmployeeLoan Officer
I love Fairway. The culture is the best. The people are all so helpful and personal. They have two charitable arms - so they give so much back to the community

"Productive place to work"
Current EmployeeAssistant Underwriter
Great company to work for. Good quality of benefits. Great upper management. Caring leadership. Hard work pays off. Expect to do your fair share. Need to be okay being an independent worker and take initiative to figure things out on your own. All the tools needed are at everyone’s fingertips.

"Where do I begin?"
Former EmployeeOperations Associate
Laid off-Corporate is great. It is the good ol boy nepotism at the smaller branches that seems to be a huge issue within this company. Management at the branch level was useless and did not know how to perform most ops roles.( just good buddies with head of branch)The hours were long up till June and then all mgmt took PTO at same time (more than once) along with LOs and no business came in for 6 weeks. They come back and lay people off . I know how this business works, this isn't it. I barley took time off and worked 12 to 14 hour days. The LOAs were just demanding bullies. The branch I worked for was mentally and physically exhausting. Lesson learned.

"Great company, culture, and pay. Up and down industry "
Former EmployeeSpecialist
I loved working for Fairway. I was a remote employee which allowed for a decent work/home balance. However, with this industry there can be ups and downs. With that being said, I was laid off at no fault of my own. They held off on layoffs as long as they could But the market didn’t turn. I don’t hold that against them, just sucks.