Underwriter

SummaryThe 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 To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 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.)