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About Atlantic Coast Mortgage

Since its establishment in 2011, Atlantic Coast Mortgage has cultivated a people-centered environment anchored in dedication, integrity, and innovation. Growing from a modest team to a dynamic institution, the company prioritizes employee success and has been acknowledged as a Top Workplace by The Washington Post. The organization seeks enthusiastic, inventive problem solvers to help transform the mortgage industry as it expands.

Role Overview

The Jumbo/Non-QM Underwriter is responsible for assessing mortgage loan applications of varying complexity, with specialization in Jumbo and Non-QM loan products. This role involves detailed collateral evaluation according to agency or investor standards and requires the capacity to manually underwrite loans, minimizing reliance on automated underwriting systems to ensure robust credit decisions.

Key Responsibilities

Underwrite applications for Jumbo, Non-QM, FHA, VA, and Conventional loans, ensuring compliance with company and investor credit guidelines.
Adhere to Atlantic Coast Mortgage's required turnaround times for loan reviews and condition updates.
Examine mortgage files—including applications, income proofs, appraisal reports, and titles—to verify compliance with company policies and regulatory requirements at state and federal levels.
Assess loan documentation and attributes for accuracy and soundness.
Identify potential risks within loan applications through thorough analysis.
Evaluate applicant income, creditworthiness, and equity factors for each loan proposal.
Verify all necessary documentation is complete and obtained for loan approval processes.
Determine approval amounts when underwriting criteria are met and make informed recommendations.
Provide support and guidance to Loan Officers during the qualification and loan decline stages.
Address queries from Loan Officers and Processors concerning loan files and underwriting standards.
Ensure prompt review and follow-up actions to surpass customer expectations.
Stay informed on updates to investor policies and regulatory changes affecting mortgage underwriting.
Maintain clear communication with team members and management regarding outstanding requirements and loan status.
Review appraisals (including FHA DE program, VA SAR, and Portfolio Jumbo) to ensure completeness and adherence to appraisal standards and FHA/VA mandates.
Possess knowledge of FHA Streamline and VA Interest Rate Reduction Refinance Loans (IRRLS).
Work efficiently in a fast-paced, deal-oriented environment, managing multiple transactions simultaneously under pressure.
Understand all Government-Sponsored Enterprise (GSE) underwriting requirements comprehensively.
Have insight into operational duties related to purchasing and transferring whole loan assets concerning credit quality.
Demonstrate negotiation and problem-solving expertise.
Exhibit excellent verbal and written communication skills, including active listening and presenting analysis and recommendations.
Build and sustain effective working relationships internally and externally and collaborate productively within a professional team.

Required Qualifications

Minimum of five years’ experience in mortgage underwriting.
Familiarity with Fannie Mae Desktop Underwriter and Freddie Mac Loan Prospector systems.
Comprehensive understanding of federal and state lending regulations and guidelines.
Ability to interpret complex procedural documents and government regulations.
Strong internal and external customer service orientation.
Excellent written and verbal communication abilities.
High attention to detail paired with strong organizational skills.
Proficiency with computers, particularly Microsoft Office and paperless underwriting platforms.
Demonstrated urgency in meeting deadlines and thriving in a dynamic environment.
FHA DE Designation (CHUMS#) and VA SAR/LAP credentials are beneficial but not mandatory.
Experience with USDA/VHDA loans is advantageous.

Additional Information

Atlantic Coast Mortgage endorses Equal Employment Opportunity principles. All qualified candidates will be considered without discrimination based on race, color, religion, sex, sexual orientation, national origin, disability, veteran status, or other protected classifications. Applicants with disabilities requiring accommodation during the application process may contact the company's Human Resources department for assistance.

Compensation

The position has an annual salary range between $65,000 and $154,000, dependent on experience, skills, and internal requirements. Additionally, the role may include eligibility for a discretionary bonus, which is subject to program conditions and is not guaranteed.

Jumbo/Non-QM Mortgage Underwriter