Mortgage Underwriter

About Our Client:
Altisource operates within the mortgage and real estate industries, offering integrated services and technology that support the entire mortgage lifecycle from loan originations to servicing. The organization helps manage risk, ensure compliance, and enable efficient scaling for clients by delivering technology-driven solutions tailored to complex business challenges across the industry.
About the Opportunity:
The MORTGAGE UNDERWRITER role focuses on underwriting FHA-insured reverse mortgage loans, specifically Home Equity Conversion Mortgages (HECM). This position ensures loans comply with HUD guidelines, investor requirements, and internal standards, playing a critical part in maintaining loan quality, regulatory compliance, and operational effectiveness within the reverse mortgage origination platform.
Responsibilities:
Review and underwrite HECM loan files according to HUD, FHA, investor, and internal guidelines.
Perform detailed financial assessments including income, assets, liabilities, and property charges.
Evaluate borrower eligibility, occupancy, and counseling compliance for reverse mortgages.
Assess appraisals and collateral documentation to confirm property eligibility.
Analyze title commitments, ownership structures, trusts, and vesting scenarios.
Communicate underwriting conditions, documentation gaps, and risks to relevant teams.
Ensure loans meet FHA insurability and investor salability standards while adhering to productivity and service expectations.
Maintain accurate loan documentation for compliance and audit purposes.
Apply HUD Mortgagee Letters, FHA policy updates, and investor overlays in underwriting decisions.
Collaborate with fulfillment, processing, closing, and quality control teams to support loan closings and client service.
Support post-underwriting reviews, audits, and quality control initiatives.
Stay current on reverse mortgage regulations, FHA/HUD requirements, and industry best practices.
Requirements:
Minimum 3 years of mortgage underwriting experience; HECM/reverse mortgage experience preferred.
Strong knowledge of FHA HECM underwriting guidelines, HUD regulations, and reverse mortgage program requirements.
Experience conducting financial assessments and residual income analyses for reverse mortgages.
Familiarity with FHA Connection, HERMIT® or equivalent, ReverseVision or similar platforms, and appraisal review tools.
Understanding of HUD Mortgagee Letters, FHA property eligibility, title and vesting review, trust and power of attorney documentation, non-borrowing spouse requirements, and life expectancy set-asides.
Ability to identify and mitigate underwriting risks while maintaining FHA compliance.
Knowledge of mortgage fraud prevention, compliance controls, and quality assurance processes.
Strong communication skills to articulate underwriting decisions.
Organizational skills to manage a high-volume workload with quality and service focus.
High attention to detail and a compliance-oriented mindset.
Pay Range and Compensation Package:
The expected pay range for this role is $36.50 per hour, depending on experience, skills, and qualifications. Actual compensation may vary based on job‑related factors and geographic location.
Benefits & Perks:
Comprehensive medical coverage
Life insurance and personal accident benefits
Paid company holidays (including the day after Thanksgiving)
Equal Opportunity Statement: Our client is an equal opportunity employer. They celebrate diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, or national origin.
Note:
RemoteHunter is a recruitment partner of this role. Please note that all employment decisions, including candidate assessment, interviews, hiring, compensation, and employment terms, are made exclusively by the hiring employer.

Work arrangement
Yes