JBA International
Underwriter Banking/Loans Virtual, California
JBA International, California, Missouri, United States, 65018
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, including experience using Microsoft applications with mortgage industry standard software. Experience with Doc Velocity (paperless system) and Byte Pro is 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 a 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 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. Proficient in English: speak, read, write. Education and/or Experience
Minimum 3 years of recent experience in 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 (e.g., Ability to Repay (ATR), RESPA, Reg B, Reg O, Reg Z, Fair Lending, etc.). Pay Range
$40 - $45 Hourly Rate (USD) Benefits
Our benefit offerings include: Medical, dental, vision, wellness programs, EAP counseling services, FSA & HSA, company-sponsored life insurance for employees, voluntary life insurance for employees, spouses, and children, 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 across Arizona, California, Florida, Georgia, Hawaii, Missouri, Nevada, Texas, and Utah, along with a growing team of remote professionals nationwide. Acra Lending is known for responsible lending practices, product innovation, and operational efficiency. Our foundation is built on helping customers by providing Non-QM mortgage solutions for today’s borrower in residential and commercial properties across America. Our leadership encourages growth, fun, and teamwork. We embrace diverse perspectives and value inclusion to serve customers from all walks of life. We offer a competitive salary, a variety of benefits to support health, retirement, and professional goals, and an exceptional 401k match program. We look forward to meeting you!
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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, including experience using Microsoft applications with mortgage industry standard software. Experience with Doc Velocity (paperless system) and Byte Pro is 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 a 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 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. Proficient in English: speak, read, write. Education and/or Experience
Minimum 3 years of recent experience in 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 (e.g., Ability to Repay (ATR), RESPA, Reg B, Reg O, Reg Z, Fair Lending, etc.). Pay Range
$40 - $45 Hourly Rate (USD) Benefits
Our benefit offerings include: Medical, dental, vision, wellness programs, EAP counseling services, FSA & HSA, company-sponsored life insurance for employees, voluntary life insurance for employees, spouses, and children, 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 across Arizona, California, Florida, Georgia, Hawaii, Missouri, Nevada, Texas, and Utah, along with a growing team of remote professionals nationwide. Acra Lending is known for responsible lending practices, product innovation, and operational efficiency. Our foundation is built on helping customers by providing Non-QM mortgage solutions for today’s borrower in residential and commercial properties across America. Our leadership encourages growth, fun, and teamwork. We embrace diverse perspectives and value inclusion to serve customers from all walks of life. We offer a competitive salary, a variety of benefits to support health, retirement, and professional goals, and an exceptional 401k match program. We look forward to meeting you!
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