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Contract Reverse Mortgage Underwriter Jobs (NOW HIRING)

Silverton Mortgage

Senior Mortgage Underwriter

Atlanta, GA · On-site

$112K/yr

... contract, title documents, borrower's ability to repay and agency requirements. Consistently ... Minimum of 5 years' experience underwriting conventional, FHA, and VA mortgage loans. Licenses ...

HCLTech

Mortgage Underwriter

Westlake Village, CA · On-site

$75K - $80K/yr

As a Senior Mortgage Loan Underwriter, for one of our client projects, you will bring your ... Contract Benefits: * 401(k) * Dental insurance * Paid time off * Parental leave Education:

HCLTech

Mortgage Underwriter

Westlake Village, CA · On-site

$75K - $80K/yr

As a Senior Mortgage Loan Underwriter, for one of our client projects, you will bring your ... Contract Benefits: * 401(k) * Dental insurance * Paid time off * Parental leave Education:

Silverton Mortgage

Senior Mortgage Underwriter

Atlanta, GA · Remote

$112K/yr

... contract, title documents, borrower's ability to repay and agency requirements. Consistently ... Minimum of 5 years' experience underwriting conventional, FHA, and VA mortgage loans. Licenses ...

Longbridge Financial

Reverse Mortgage Funder

Mahwah, NJ · On-site

... reverse mortgage business. We are looking for a detail oriented Mortgage Funder to review loan ... Determine all underwriting pre-funding and pre-purchase conditions have been satisfied * Complete ...

Longbridge Financial

Reverse Mortgage Funder

Mahwah, NJ · On-site

... reverse mortgage business. We are looking for a detail oriented Mortgage Funder to review loan ... Determine all underwriting pre-funding and pre-purchase conditions have been satisfied * Complete ...

Bethpage

First Mortgage Underwriter

Bethpage, NY · On-site

$40.42 - $48.50/hr

What You'll Do The First Mortgage Underwriter role will be responsible for examining, evaluating ... contract dates and escalations. * Participate in quality control reviews, audits, and post-closing ...

Guild

Loan Officer - Reverse Mortgage Coach

Resolve file problems, bottlenecks and qualifying issues throughout production and underwriting ... At least two years of experience in Reverse Mortgage lending or related field. * Active NMLS ...

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All JobsContract Reverse Mortgage Underwriter Jobs

Contract Reverse Mortgage Underwriter information

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$17

$29

$54

How much do contract reverse mortgage underwriter jobs pay per hour?

As of Jun 16, 2026, the average hourly pay for contract reverse mortgage underwriter in the United States is $29.76, according to ZipRecruiter salary data. Most workers in this role earn between $19.71 and $34.62 per hour, depending on experience, location, and employer.

What is the difference between Contract Reverse Mortgage Underwriter vs Reverse Mortgage Loan Processor?

AspectContract Reverse Mortgage UnderwriterReverse Mortgage Loan Processor
Primary RoleReviews and approves reverse mortgage applications based on guidelinesPrepares and processes loan applications, gathers documents
CredentialsTypically requires underwriting certifications, mortgage licensingRequires loan processing experience, mortgage licensing
Work EnvironmentOften remote or contract-based, financial institutionsOffice or remote, mortgage companies or banks
Industry UsageCommonly used in mortgage lending industryUsed in mortgage loan origination process

The Contract Reverse Mortgage Underwriter focuses on evaluating and approving reverse mortgage applications, ensuring compliance with guidelines. In contrast, the Reverse Mortgage Loan Processor handles the initial application process, gathering necessary documents. Both roles are essential in the mortgage industry but differ in responsibilities and focus areas.

More about Contract Reverse Mortgage Underwriter jobs
What cities are hiring for Contract Reverse Mortgage Underwriter jobs? Cities with the most Contract Reverse Mortgage Underwriter job openings:
What are the most commonly searched types of Reverse Mortgage Underwriter jobs? The most popular types of Reverse Mortgage Underwriter jobs are:
What states have the most Contract Reverse Mortgage Underwriter jobs? States with the most job openings for Contract Reverse Mortgage Underwriter jobs include:
What job categories do people searching Contract Reverse Mortgage Underwriter jobs look for? The top searched job categories for Contract Reverse Mortgage Underwriter jobs are:
Contract Reverse Mortgage Underwriter jobs near you
Infographic showing various Contract Reverse Mortgage Underwriter job openings in the United States as of June 2026, with employment types broken down into 20% Full Time, 2% Temporary, and 78% Contract. Highlights an 80% Physical, 2% Hybrid, and 18% Remote job distribution, with an average salary of $61,902 per year, or $29.8 per hour.

Senior Mortgage Underwriter

Silverton Mortgage

Atlanta, GA • On-site

$112K/yr

Full-time

Posted 6 days ago

Job description

Why Silverton Mortgage:
• We are a people first organization that was voted a top place to work by the Atlanta Journal and Constitution and the Financial Services Industry
• We believe in giving back and we do so through The Silverton Foundation
• Our strong communication skills drive customer satisfaction
• We offer extensive product lines and maintain an in-house loan process that offers a competitive edge
• We have fun!
Role: Underwriter III
Department: Underwriting
Workstyle: Remote Eligible
Pay: The total expected pay range including bonus for this position is from $110,000 - $140,000. The stated hiring range is based on experience, qualifications, and other relevant factors. Final compensation decisions will take into account a variety of considerations, including individual skills, internal equity, and organizational needs.
JOB SUMMARY
The Underwriter III reviews and evaluates conventional, FHA, VA, and specialty product loans to determine credit worthiness of the borrower, assess risk to the Company, and ensure compliance with federal, state, and Company lending guidelines and regulations. This role is responsible for providing consistency in credit quality and decisions, process flow, and customer service (both internal and external) when determining mortgage loan approval.
JOB FUNCTIONS
Loan File Review
Ensures conventional, FHA, VA, and specialty product loans are compliant and eligible in the secondary market by completing a full credit and risk analysis of the loan file, which includes reviewing the real estate contract, title documents, borrower's ability to repay and agency requirements. Consistently exceeds volume metric of two initial submissions per day with an average of ten loan files per week.
  • Credit Analysis:
    • Reviews the borrower's credit history to assess their credit worthiness and ability to repay. This includes looking at the borrower's credit report, credit scores, and payment history, debt-to-income ratios, and other financial criteria.
  • Asset & Debt Evaluation:
    • Verifies borrower's assets (e.g., savings, investments, real estate holdings) to ensure sufficient funds.
    • Checks for existing debt and/or loans that may impact repayment.
    • Considers the borrower's ability to make monthly mortgage payments, based on their income, employment status, and debt-to-equity ratio.
    • Confirms borrower's income and certifies income calculations.
  • Collateral Review:
    • Reviews title reports to confirm legal ownership, as well as any liens or encumbrances on the property.
    • Reviews the appraisal to evaluate the condition of the property being financed.
  • Risk Assessment:
    • Uses automated underwriting systems for initial risk scoring.
    • Performs manual underwriting for complex cases and analyzing compensation factors.
    • Manages risk and prevents fraud in the lending process by identifying and addressing any potential red flags in the loan application and supporting documents.

Loan Program and Compliance Check
  • Confirms loan meets lender & regulatory guidelines (e.g. conventional, FHA, and VA loan requirements)
  • Ensures compliance with federal & state lending laws (e.g., Truth in Lending Act, Equal Credit Opportunity Act).
  • Reviews all documentation in the file to ensure it meets applicable agency or investor guidelines.

Loan Approval
  • Issues a conditional approval if additional documentation or explanation is required.
  • Documents underwriting decisions in the Loan Operating System regarding approval to assist with post-closing, quality control, or management, should questions arise.
  • Communicates with Loan Originators, Processors, and Closers that loan is CTC (Clear to Close).

Administration & Communication
  • Works with Loan Originators, Processors, borrowers, and other stakeholders to answer and/or clarify any questions or concerns regarding underwriting decisions, guidelines or conditions.
  • Assists with internal/external audit requests.
  • Stays abreast of current trends in the mortgage industry (investor, agency, and government guidelines), changes in regulations and market conditions to ensure that underwriting processes remain current and effective.
  • Communicates with Loan Originators, Processors, and other team members regarding underwriting decisions, guidelines, and conditions.
  • Assists with internal/external audit requests.

REQUIREMENTS AND QUALIFICATIONS
Education: High school diploma or equivalent required. College degree preferred.
Years of Related Experience: Minimum of 5 years' experience underwriting conventional, FHA, and VA mortgage loans.
Licenses/Certifications: Direct Endorsement (DE); Staff Appraisal Reviewer/Lender Appraisal Processing Program (SAR/LAPP), VA Credit Authority
Knowledge, Skills and Abilities (KSAs):
  • Excellent understanding of investor, agency and government guidelines and systems.
  • Excellent written and verbal communication skills along with solid computer skills.
  • Analytical thinker and consultative mind to support both team members and managers in all areas of the business.
  • Goal-oriented, self-motivated with the capacity to meet and exceed assigned goals.
  • Willing to learn, industrious, determined, and assertive.
  • Excellent organizational skills and the ability to multitask to complete a wide variety of tasks.
  • Strong people skills with ability to interact with all internal teams and external customers.
  • Must be able to maintain sensitive and confidential information.
  • Diligence to ensure tasks are completed thoroughly and on time.

Silverton Mortgage is committed to creating an inclusive workplace. Silverton Mortgage is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.
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