Reverse Mortgage Processor

Company Description

Longbridge Financial, LLC (LBF) is an innovative company committed to responsibly helping senior homeowners reshape their financial future to improve their retirement. Our mission is to be consistently fair, transparent, and professional at all times with our employees, customers, and partners.

Recognized as an Industry Changemaker, Longbridge CEO Chris Mayer looks at the industry differently and values employees at all levels who drive our company forward. In fact, we are now a top 2 reverse mortgage lender.

Why work with us?

At Longbridge Financial, “We do the right thing” is more than a mantra, it’s our guarantee. We want to attract the best and brightest—that’s why we’re committed to giving our employees the support they need and the respect they deserve. We offer competitive compensation packages and benefits, as well as a strong marketing and operations foundation. Join us for a rewarding career with remarkable growth potential. Ready to be a changemaker and be a part of a team to help propel Longbridge to number one?

Job Description

Longbridge is looking to add a Reverse Mortgage Processor to our first-class Operations Team

Job Description: 

LBF is seeking a qualified Reverse Mortgage HECM & Proprietary Processor. The Processor gathers initial loan file documents, completes pre-review to ensure all documents to qualify borrower are complete and entered into the LOS systems and submits file to Underwriting. The Processor must be able to review approval conditions submitted for accuracy and clear as needed or submit to Underwriting in a timely manner. Professional communication, verbal and written, is a must requirement. Once the file is cleared for close by the Underwriter, the Processor is responsible for final review of data prior to closing department. This position can be located in our Paramus or Houston office, be hybrid or remote. 

Primary Responsibilities:

• Process applications from submission, to underwriting and closing
• Communicate daily with loan officers, borrowers, underwriters, closers, AMCs, and title companies
• Reviewing, uploading, organizing, and labeling of file documentation into loan imaging system
• Analyze Credit, income, tax returns, asset documents and payment history
• Clearing loan conditions for final loan approval
• Other duties and/or mortgage or company related tasks as assigned by Management
• Ensure confidentiality of client files
• The employee must work well under pressure, meeting multiple and sometimes competing deadlines.

• At all times, the Processor must demonstrate professional behavior with colleagues’ management and customers
• Must be able to work independently and also as part of a team
• Strong customer service and communication skills are a must

Qualifications

Qualifications: 

• Minimum 3 years FHA Processing experience preferred
• Must have reverse processing experience
• Strong understanding of regulatory compliance as it relates to mortgage lending: TILA, RESPA, Reg B, Reg C, etc.
• Ability to exercise independent judgment and use problem-solving skills. Handle multiple tasks and prioritize workloads to meet deadlines.
• Work independently with exceptional attention to detail. 
• Excellent communication skills and professional interaction with all customers (internal and external). 
• Detail oriented and highly motivated to work in a fast-paced environment.
• Proficient computer skills required (Word, Excel, Outlook)

Additional Information

• Full benefits
• 401(k) with company match
• Paid time off
• Working in a growing and dynamic industry
• LBF is an EEO/AA/Vet/Disabled Employe
• Please note that salaries that are estimated on various job sites may not reflect the actual compensations. Job sites, set the estimated salary, not Longbridge Financial.