Job Description

Underwriting Specialist

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
• Correspondent background preferred!
• 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.)

Pay Range

$40 - $45 Hourly Rate (USD)

Our benefit offerings include: 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.

At Acra Lending, we were founded with a clear purpose: to specialize in alternative income loan products that help borrowers qualify for our flexible loan programs. We operate in 39 States, out of nine offices in Arizona, California, Florida, Georgia, Hawaii, Missouri, Nevada, Texas, and Utah along with a growing team of remote professionals across the country. Throughout the mortgage industry, Acra Lending is widely known for responsible lending practices, product innovation and operational efficiency. The foundation of our Company is built on helping our customers by providing Non-QM mortgage solutions for today's borrower in residential and commercial properties across America.

Our Leadership team will encourage you to grow, make time to have fun, and work together to make great things happen. We embrace the strengths and values of each team member. We believe in having diverse perspectives where everyone is included, to serve customers from all walks of life. We reward our employees with a competitive salary and a variety of benefits to help our team members reach their health, retirement, and professional goals along with an exceptional 401k match program. We look forward to meeting you!

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