NACA Underwriter

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Active Full Time Regular Full-Time Atlanta, GA, US

SALARY RANGE: $60,000 - $75,000+

FLSA:
Non-Exempt

LOCATION:

Charlotte, NC, Houston TX, Chicago IL, Atlanta GA, Boston MA

CONTACT:

Excellent single/family health, vision and dental PPO, 70% employer contribution and 401(k)

NACA makes the dream of affordable home ownership a reality for many who have faced systemic racism and other barriers. This includes access to NACA’s Best Mortgage in America and a streamlined mortgage process. NACA works with home buyers (“Members”) from the initial educational workshop, individual counseling, purchase process and mortgage process.

The NACA Underwriter provides quality control to ensure that submissions for NACA Qualification meet NACA’s underwriting policies and criteria. NACA’s underwriting criteria are character-based, which is significantly different from lenders' traditional underwriting guidelines. The NACA Underwriter must review and decision Member files for NACA Qualification. The NACA Underwriter’s review is based on NACA's comprehensive policies and procedures described in detail in NACApedia.

The NACA Underwriter makes approval decisions by determining whether the Member is ready for home ownership and helps determine an affordable mortgage payment after reviewing a complete document and information package. This position requires effective communication with NACA Counselors to help them understand how to achieve NACA Qualification.

The NACA Underwriter educates and coaches NACA Counselors on NACA policies, qualification requirements and underwriting standards. The NACA Underwriter provides guidance to ensure NACA Qualification submissions are complete, accurate, well documented and compliant with NACA and lender requirements. The comprehensive review may reject the NACA Qualification submission and/or require additional information or and/or documentation. Detailed narratives are essential for documenting conversations with the NACA Counselor, detailing the steps the NACA Counselor and Members need to take to become NACA Qualified.

The NACA Underwriter is responsible for ensuring adherence to the NACA criteria and is a good resource for the NACA Counselor to answer questions. The NACA Underwriter grades each file submitted for NACA Qualification for completeness and accuracy. The grading is to evaluate and provide constructive feedback to the NACA Counselor and promote increasingly complete, accurate and well documented submissions.

Each NACA Underwriter is responsible for reviewing 10+ files each day while maintaining high quality standards and adhering the below.

• Examine and underwrite the full document package and data entry to ensure accuracy and completeness in accordance with NACA’s Policies and Procedures in NACApedia.
• Comprehensive understanding of NACA's Best in America Mortgage; character-based underwriting with compensating factors; NACA eligibility requirements, including income and area limitations; NACA's priority interest rate eligibility and priority area designations; and NACA's home ownership programs including Purchase & Rehab Mortgage, HOT-PHA (Housing Choice Voucher) and One-Dollar Purchase.
• Understanding and operationalizing of NACA's mission of fighting for economic justice and neighborhood stabilization, and how this mission informs qualification decisions.
• Decision files within two days of assignment.
• Provide guidance for a NACA Counselor to resubmit a file where necessary documents or information is not provided to make a qualification.
• Recommend reductions in NACA Counselor’s file…