Construction Lending Underwriter

Job Responsibilities

• Function as the subject matter expert for ACM’s bridge and construction loan products, including answering scenario questions and providing guidance on loan structure and guideline requirements
• Review loan applications to ensure they are structured to meet applicable guidelines and submit exception requests to Executive Management for loans that fall outside of established requirements
• Research and respond to guideline inquiries, providing accurate and timely underwriting support
• Review and analyze complex income documentation, including personal and business tax returns, and perform calculations for qualifying income
• Communicate with loan officers throughout the review process regarding outstanding needs, loan eligibility, structuring, and guideline interpretation
• Perform due diligence reviews on builders; review and clear construction-related underwriting conditions prior to closing and contact builders directly to obtain required conditions as needed
• Review figures on construction loans prior to disclosure and prior to closing
• Prepare construction files for loan modification to perm once construction is complete

Qualifications

• Minimum of 2 years of mortgage underwriting or junior underwriting experience
• Working knowledge of residential mortgage underwriting guidelines, documentation standards, and risk principles
• Experience working with Encompass, Fannie Mae Desktop Underwriter, and Freddie Mac Loan Product Advisor
• Strong verbal and written communication skills with the ability to interact professionally with loan officers, borrowers, builders, and internal teams
• Exceptional attention to detail and strong organizational skills
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment
• Construction and bridge lending product experience is preferred
• Knowledge of applicable federal and state mortgage lending regulations
• Experience reviewing income, assets, credit, and collateral documentation
• Demonstrated ability to quickly learn new products, systems, and guidelines