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Flexible Reverse Mortgage Underwriter Jobs (NOW HIRING)

UNMB Home Loans Inc

Mortgage Underwriter

Levittown, NY · Hybrid

$100K - $110K/yr

Scope & Ownership As a Retail Mortgage Underwriter, you'll deliver strategic impact by making sound ... Build long-term security with a 401(k) and a Flexible Spending Account. Recharge with Paid Time Off ...

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Flexible Reverse Mortgage Underwriter information

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

As of Aug 2, 2026, the average hourly pay for flexible 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 Flexible Reverse Mortgage Underwriter vs Reverse Mortgage Processor?

AspectFlexible Reverse Mortgage UnderwriterReverse Mortgage Processor
CredentialsTypically requires mortgage underwriting certifications and knowledge of reverse mortgage guidelinesUsually holds mortgage processing certifications, focusing on document collection and initial review
Work EnvironmentWorks in underwriting departments, analyzing loan risks and complianceWorks in processing teams, gathering borrower information and preparing loan packages
Employer & Industry UsageCommon in mortgage lenders and banks offering reverse mortgagesFound in mortgage companies and brokers handling reverse mortgage applications

While both roles are involved in the reverse mortgage process, the Flexible Reverse Mortgage Underwriter focuses on assessing loan risk and compliance, whereas the Reverse Mortgage Processor handles initial documentation and application setup. Understanding these differences helps clarify career paths and job expectations in the reverse mortgage industry.

Will MLO be replaced by AI?

A Flexible Reverse Mortgage Underwriter's role involves assessing borrower eligibility and verifying documentation, which requires judgment and understanding of complex financial details. While AI tools can assist with data analysis and document review, they are unlikely to fully replace underwriters due to the need for human oversight, decision-making, and compliance expertise. The profession will likely see increased use of automation to support, not replace, underwriters.

What are the 4 C's of underwriting?

The 4 C's of underwriting are Character, Capacity, Collateral, and Credit. These criteria help underwriters assess a borrower's ability to repay a loan and the value of the collateral, which are essential in evaluating reverse mortgage applications. A thorough understanding of these factors ensures accurate risk assessment and compliance with lending standards.

How much commission do loan officers make on a $500,000 loan?

Loan officers involved in reverse mortgage underwriting typically earn a commission based on a percentage of the loan amount, often around 1% to 2%. For a $500,000 loan, this could translate to $5,000 to $10,000 in commission, depending on the lender's compensation structure and specific agreements.

What is the 60% rule in reverse mortgage?

The 60% rule in reverse mortgage underwriting refers to the guideline that the borrower's total monthly obligations, including property taxes, insurance, and other debts, should not exceed 60% of their gross monthly income. As a reverse mortgage underwriter, assessing this helps determine the borrower’s ability to maintain the property and meet financial obligations without undue hardship.
More about Flexible Reverse Mortgage Underwriter jobs
What cities are hiring for Flexible Reverse Mortgage Underwriter jobs? Cities with the most Flexible 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 Flexible Reverse Mortgage Underwriter jobs? States with the most job openings for Flexible Reverse Mortgage Underwriter jobs include:
What job categories do people searching Flexible Reverse Mortgage Underwriter jobs look for? The top searched job categories for Flexible Reverse Mortgage Underwriter jobs are:
Flexible Reverse Mortgage Underwriter jobs near you
Infographic showing various Flexible Reverse Mortgage Underwriter job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 66% Full Time, 30% Part Time, and 3% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $61,902 per year, or $29.8 per hour.

Mortgage Underwriter - Reverse

Mutual of Omaha Mortgage

Remote

$90K - $110K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 27 days ago

Job description

Mutual of Omaha is a Fortune 300 Company. Mutual of Omaha Mortgage is inspired by hometown values and a commitment to being responsible and caring for each other. We exist for the benefit of our customers and employees.
Mutual of Omaha Mortgage is a full service lending company offering both Forward and Reverse Mortgage products including a complete line of residential mortgage, refinancing, specialty, and HECM loans. We employ a knowledgeable staff of experienced Loan Officers with an operations team that is second to none. If you are interested in joining a team that promotes from within and works together toward a common goal of helping customers with their mortgage needs please review and apply for our opening below!
We are seeking Underwriters to join our first in class Operations Team!
JOB PURPOSE:
To accurately evaluate and underwrite HECM reverse mortgage loan files submitted by retail and wholesale production channels, in accordance with company policy and FHA HECM guidelines.
DUTIES AND RESPONSIBILITIES:
  • Evaluate risk in accordance with all HECM FHA guidelines and company policies
  • Review all aspects of the loan file, including title and appraisal reports
  • Set the terms for approval and compliance or identify reasons for rejection
  • Ensure regulatory compliance and completeness
  • Effectively communicate all loan decisions to sales channels and management, as needed
  • Accurately review and input pertinent loan data into operational systems
  • Utilize FHA Connection to update loan data as needed
  • Work closely with all operational departments to establish productive and efficient work flows
  • Complete required checklists and worksheets

QUALIFICATIONS:
  • Minimum 4 yrs in mortgage loan underwriting required
  • Reverse mortgage experience a plus
  • FHA Direct Endorsement strongly preferred
  • Bachelor's degree strongly preferred, but not required
  • Excellent computer skills and knowledge of MS Office products
  • Strong customer service and time management skills a must
  • Highly motivated and determined to succeed in a competitive, time sensitive industry

Mutual of Omaha Mortgage is an Equal Opportunity Employer, and we encourage diverse, talented, qualified applicants to apply. We offer an extensive compensation package. Benefits include:
  • Vacation - Vacation hours accrue on a per pay period basis. Balance maximums are based on years of service.
  • Paid Sick Time - 40 hours of paid sick time after 90 days of employment. State sick time requirements will be added as needed.
  • 9 Paid Holidays + 1 Cultural Celebration Day (Floating Holiday)
  • Multiple PPO Medical Plans, as well as HDHP eligible plan.
  • Dental Coverage
  • Vision Coverage
  • Company Paid Life Insurance
  • 401K with a generous employer match
  • Additional Benefits including - Optional Life, FSA, Pet Insurance etc.
  • Free Legal Services
  • Employee Loan Program
  • 100% Remote

Apply