Job Description

Our team is redefining the industry – and creating a culture of excellence.

Founded in 2011, Atlantic Coast Mortgage embodies a people-first culture rooted in commitment, character, and innovation. What began as a small team has grown into a thriving organization where our people remain the driving force behind our mission to redefine the mortgage industry. We believe individuals do their best work in an environment designed for success—and we’re proud to be recognized by The Washington Post as a Top Workplace. As we continue to grow, we’re not just hiring employees—we’re looking for driven, energetic, and creative problem-solvers. If that sounds like you, and you're ready to build your career with a company committed to making meaningful change in our industry, we’d love to connect.

The Jumbo/ Non-QM Underwriter underwrites all levels of complexity of mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss with a specialty in Jumbo and Non-QM loan products. Responsible for collateral evaluation in accordance to agency and or investor guidelines. Able to manually underwrite loans and is not reliant on automated underwriting to make a sound credit decision.

Responsibilities:

• Underwrites Jumbo and Non-QM loans in addition to FHA/VA and Conventional loan applications ensuring adherence to Company and investor credit quality standards
• Maintain ACM mandated turn times for new reviews and conditions
• Analyzes mortgage loan files, which include customer applications, income documentation, appraisal and title reports, to ensure compliance with the company's policies, as well as state and federal regulations
• Analyzes loan attributes and documentation for soundness and accuracy
• Analyzes loan applications to identify any risk issues
• Evaluates overall income, credit and equity of each loan application
• Ensures all required documentation have been received and completed for the loan process approval
• Determines the amount of loan to be approved when all criteria for underwriting have been met. Makes recommendations for loan approval
• Supports Loan Officers during the qualification process and for turndown decisions.
• Provides support to Loan Officers and Processors regarding questions and/or clarification of inquiries, loan files, and underwriting guidelines
• Ensures timely review and follow-up steps in order to meet and exceed customer’s expectations
• Keeps up to date on investor and regulatory policies, procedures and changes that affect mortgage underwriting
• Communicates with team members and management on outstanding requirements and conditions, as well as, the status of each loan application
• Analyzes appraisals (including FHA, under DE program, SAR under VA program and Portfolio Jumbo). Reviews the fee appraiser’s reports for completeness and conformity with industry-accepted appraisal practices and techniques as well as all other Federal Housing Administration (FHA) and Veterans Administration (VA) requirements. Determines the reasonable value of the property and any conditions which must be met prior to VA guaranty of the loan
• Knowledge of FHA Streamline and VA IRRLS

• The candidate should be oriented toward a deal driven environment and capable of managing multiple transactions simultaneously under tight time pressure. Has thorough knowledge of all GSE underwriting requirements
• Possesses strong understanding of the operational responsibilities involved in the purchase and transfer of whole loan assets as it pertains to credit quality
• Skilled in negotiating issues and resolving problems
• Skilled in effective verbal and written communications, including active listening, and presenting findings and recommendations
• Ability to establish and maintain working relationships with co-workers, staff and external contacts, and to work effectively in a professional team environment

Qualifications:

• FHA DE Designation (CHUMS#) and VA SAR/LAP is a plus but not required
• USDA/VHDA experience a plus
• A minimum of 5 years Underwriting experience
• Experience working with Fannie Mae Desktop Underwriter and Freddie Mac Loan Prospector
• Thorough knowledge and understanding of all federal and state guidelines
• Ability to read, analyze and interpret technical procedures and government regulations
• Superior internal and external customer service skills
• Exceptional written and verbal communication skills
• Excellent organizational skills and attention to detail
• Proficient computer skills including Microsoft Office
• Proficiency in paperless loan underwriting
• Strong sense of urgency to meet deadlines with the ability to work in a fast paced environment

ACM promotes an Equal Employment Opportunity (EEO) workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, protected veteran status, or any other status protected by law. If you are disabled and need assistance in the application process, please contact the ACM Human Resources department.

To provide greater transparency, we disclose a good-faith compensation range on all of our job postings, regardless of the position's location. This range has not been adjusted for geographic pay differentials and may not reflect the final rate offered if the position is filled in a location other than where it was posted. Compensation within this range is determined by a combination of factors, including experience, skill, and organizational needs. The salary range for this position is $65,000 - $154,000 annually. This position may also be eligible to participate in a discretionary bonus compensation. Bonus compensation is not guaranteed and is subject to the terms and conditions of the applicable program.