Job Description

About Altisource

Altisource is a leading provider of integrated services and technology for the mortgage and real estate industries. Our solutions support the full mortgage lifecycle, from originations through servicing, helping clients manage risk, maintain compliance, and scale efficiently. With innovation, service excellence, and regulatory integrity at our core, we deliver technology-enabled solutions that solve complex business challenges across the industry.

Job Description

The Role

Altisource is seeking an experienced  HECM (Home Equity Conversion Mortgage) Underwriter  to support our growing reverse mortgage origination platform. In this role, you will be responsible for underwriting FHA-insured reverse mortgage loans, ensuring compliance with HUD guidelines, investor requirements, and internal credit and operational standards. The ideal candidate will possess strong knowledge of HECM underwriting, property eligibility requirements, income and financial assessment analysis, and quality control processes necessary for successful loan delivery and insurability.

What You'll Do

• Review, analyze, and underwrite HECM loan files in accordance with HUD, FHA, investor, and company underwriting guidelines.
• Complete comprehensive financial assessments, including income, assets, liabilities, residual income calculations, and property charge evaluations.
• Evaluate borrower eligibility, occupancy requirements, and counseling compliance requirements for reverse mortgages.
• Review appraisals and collateral documentation to ensure property eligibility and compliance with FHA and investor standards.
• Analyze title commitments, property ownership structures, trusts, life estates, and other vesting scenarios commonly associated with HECM transactions.
• Identify and clearly communicate underwriting conditions, documentation deficiencies, and risk factors to processing teams, Client Relationship Managers, and loan originators.
• Ensure loans meet FHA insurability requirements and investor salability standards while maintaining established productivity and service-level expectations.
• Maintain thorough and accurate loan documentation to support regulatory compliance, audit readiness, and quality assurance requirements.
• Interpret and apply HUD Mortgagee Letters, FHA policy updates, and investor overlays to underwriting decisions.
• Collaborate with fulfillment, processing, closing, and quality control teams to facilitate efficient loan closings and exceptional client service.
• Support post-underwriting reviews, loan audits, and quality control initiatives as needed.
• Maintain current knowledge of reverse mortgage regulations, FHA/HUD requirements, and industry best practices.

What You Bring

• Minimum 3+ years of mortgage underwriting experience, with direct HECM/reverse mortgage underwriting experience strongly preferred.
• Strong working knowledge of FHA HECM underwriting guidelines, HUD regulations, and reverse mortgage program requirements.
• Experience performing financial assessments and residual income analyses for reverse mortgage borrowers.
• Proficiency reviewing and interpreting:
• FHA Connection
• HERMIT® or equivalent reverse mortgage origination systems
• ReverseVision (RV Exchange) or similar HECM platforms
• Automated valuation and appraisal review tools
• Knowledge of:
• HUD Mortgagee Letters
• FHA property eligibility requirements
• Title and vesting review
• Trust and Power of Attorney documentation
• Non-borrowing spouse requirements
• Life expectancy set-asides (LESA)
• Ability to identify and mitigate underwriting risk while maintaining compliance with FHA insurability standards.
• Strong understanding of mortgage fraud prevention, compliance controls, and quality assurance processes.
• Excellent written and verbal communication skills with the ability to clearly articulate underwriting decisions and conditions.
• Strong organizational skills and ability to manage a high-volume pipeline while maintaining quality and service standards.
• High attention to detail, sound judgment, and a compliance-focused mindset.

Qualifications

Preferred 

Qualifications

• DE Underwriter designation or FHA underwriting experience.
• Prior experience underwriting proprietary reverse mortgage products within the past 6 months
• Experience in a delegated underwriting environment.
• Familiarity with secondary market delivery requirements and investor overlays.
• Previous experience supporting high-volume mortgage fulfillment operations.

Why Join Altisource

• Opportunity to work with a leading provider of mortgage technology and fulfillment solutions.
• Collaborative and performance-driven culture.
• Exposure to a diverse client portfolio and national lending programs.
• Competitive compensation and benefits package.
• Opportunities for professional development and career growth.

Additional Information

THE PERKS OF WORKING AT ALTISOURCE

Work Environment

• 100% remote position - US Based candidates only

Compensation

• 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.

Good Health

• Comprehensive medical coverage
• Life insurance and personal accident benefits

Time to Recharge

• Paid company holidays (including the day after Thanksgiving)

Our Innovation Starts with YOU!​

Altisource’s Vision to drive innovation that powers the mortgage and real estate lifecycle is made possible by an inclusive culture that celebrates the diverse voices of our employees. We believe that diversity in gender, age, religion, ethnicity, sexual orientation, identity, physical ability, neurodiversity, socioeconomic background, and experience, fosters creativity, challenges groupthink, and makes our Company stronger. At Altisource, anyone can prosper and have a positive impact on our path toward success, irrespective of their background.

We are committed to fair and impartial hiring, training, and growth opportunities. We also provide employee training to help foster their ability to work with one another in an inclusive manner. Altisource is an Equal Opportunity Employer, and our employment decisions are based on merit,

qualifications

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