Correspondent Underwriter

Summary

The position performs highly detailed functions and technical measurements in a file’s manual underwrite. Analyze and evaluate credit requests by applicants. Analyze each loan in compliance with Acra’s credit guidelines and regulatory requirements.

Essential Duties And Responsibilities

• Manually underwrite mortgage loan files.
• Review and analyze mortgage loan applications and supporting documents to ensure accuracy and completeness in order to make an informed lending decision in compliance with Acra policies and guidelines.
• Measure multiple events in an applicant’s file and review application contingencies to quantify associated risk.
• Exercise judgement to determine correct items to request from applicants and to make accurate credit decisions.
• Responsible for frontline underwriting of new loan files, suspense reviews, condition reviews, re-works, etc. while adhering to production standards, staying within established turn-time timeframes and meeting minimum loan quality standards.
• Ability to perform duties and resolve issues without supervision and actively engage with supervisor to resolve complicated issues.
• Computer literate to include experience using Microsoft applications with mortgage industry standard software. Experience with Doc Velocity (paperless system) and Byte Pro a plus.
• Other duties as assigned.

Qualifications

• Ability to develop strong understanding of Acra Underwriting guidelines.
• Non-QM and Correspondent lending experience.
• Experience performing manual underwrites of mortgage loan files.
• Adept at performing analysis and evaluation of a credit request and identifying appropriate documents to request from applicants.
• Experience making credit recommendations by measuring multiple events and quantifying the associated risks while adhering to guidelines and compliance requirements.
• Ability to communicate effectively in both verbal and written form and ability to explain credit decisions.
• Strong time management skills to effectively plan and organize a high daily loan volume.
• Detail-oriented team player able to work constructively with fellow employees.
• Self-motivated with good interpersonal skills.
• Well organized and able to process detailed information with accuracy and efficiency.
• Must be Proficient in English: speak, read, write.

Education And/or Experience

• Minimum 3 years of recent experience frontline underwriting of residential mortgage loans.
• Minimum five years of experience underwriting non-prime and “A” paper mortgage loans required.
• Minimum 5 years of experience of state and federal lending regulations (i.e., Ability to Repay (ATR), RESPA, Reg B, Reg O, Reg Z, Fair Lending, etc.).

Benefits

• Medical, dental, vision, wellness programs, EAP counseling services, FSA & HSA.
• Company sponsored life insurance for employee, voluntary life insurance for employee, spouse and child, AD&D Insurance.
• Voluntary short-term and long-term disability, critical illness insurance, accident insurance, legal assistance, pet insurance, living will and trust preparation discounts.
• Commuter program, annual walking challenge, employee appreciation events and monthly sales awards.