Wholesale Production Retention Specialist

Longbridge Financial•Paramus, NJ

7d•$80,000 - $100,000

About The Position

At Longbridge, we love seniors and we’re passionate about helping them unlock the power of one of their greatest assets—their home equity. As a leading provider of home equity solutions for seniors, we’re committed to helping older homeowners make the most of what they’ve worked hard to build, so they can live the retirement they imagined. We’ve earned a reputation for making it easy and stress-free to access home equity—with guidance every step of the way. We’ve been named a Great Place to Work® three years in a row because we believe that when people enjoy what they do and where they do it, everyone wins.

Requirements

DE Underwriter experience
Reverse mortgage experience

Responsibilities

Perform upfront file structuring and maintain pipeline retention to ensure loans are properly positioned for successful processing and closing.
Oversee pipeline retention efforts by tracking active loan files, identifying and resolving structuring or process-related issues, and collaborating with Sales and Operations teams to improve pull-through and funded loan performance.
Review and provide guidance on complex loan scenarios, including LESA and TISA exceptions, Financial Assessments, Trusts, Residual Income calculations, Powers of Attorney, Property Types, Purchase Transactions, Self-Employment income, Credit, Condo/Single Unit Approval (SUA), and proprietary products.
Review credit reports for accuracy and completeness.
Assess financial documentation, including financial assessment, and residual income requirements.
Structure loan files and purchase transactions to comply with company guidelines.
Submit underwriting escalations, exception requests, and rush review requests to facilitate timely loan decisions and pipeline progression.
Evaluate condo/SUA files to ensure adherence to relevant policies.
Conduct a comprehensive second-level review of loans prior to adverse action decisions to identify potential solutions and retention opportunities.
Partner with Sales, Operations, and Underwriting teams to resolve loan structuring challenges and support successful loan outcomes.
Host regular open office hours for Loan Officers and Sales Coordinators to provide guidance, answer questions, and assist with loan scenario reviews.
Develop and deliver targeted training sessions on key underwriting, product, and operational topics based on identified business needs.
Serve as a subject matter expert and liaison between Sales and Operations, promoting consistent processes and effective communication across departments.
Track, document, and maintain detailed records of all loan reviews, recommendations, and decisions within the Loan Origination System (LOS) to support compliance and operational transparency.