Underwriter, Finance & Banking

Essential Duties and Responsibilities

• Manually underwrite mortgage loan files and 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 Lending 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 time frames and meeting minimum loan quality standards.
• Perform duties and resolve issues without supervision and actively engage with supervisor to resolve complicated issues.
• Computer literate, including experience using Microsoft applications and mortgage industry standard software such as Doc Velocity (paperless system) and Byte.
• Other duties as assigned.

• Ability to develop strong understanding of Acra's Underwriting guidelines.
• 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 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.

• 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 with state and federal lending regulations (i.e., Ability to Repay (ATR), RESPA, Reg B, Reg O, Reg Z, Fair Lending, etc.).

$85,000 - $95,000 based on experience.

Ability to read and comprehend simple instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one‑on‑one and small‑group situations to customers, clients, and other employees of the organization.

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.

Ability to apply common sense understanding to carry out detailed instructions. Ability to deal with problems involving a few concrete variables in standardized situations.

Advanced knowledge of Microsoft Office applications (Word, Excel, Outlook, etc.).

• 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.