Mortgage Underwriter II/III (HELOC)

Achieve • Tempe, AZ

4d • Hybrid

About The Position

As a Mortgage Underwriter, you’ll impact the lives of everyday people and help them go from surviving to thriving with innovative digital personal finance solutions. The Mortgage (HELOC) Underwriter is responsible for calculating income, reviewing all third-party vendor services to include AVM, fraud, & Credit Supplements, etc. and the review, conditioning, and final decisioning of the loan product. This role will partner closely with the client, sales, and mortgage operations teams to ensure an optimal customer experience as they collaborate with Mortgage Advisors to secure desired loan financing. In this role, you will have responsibility to keep abreast of underwriting guidelines specific to home loans, and to industry changes that could affect the loan outcome. They will ensure all applications are reviewed with the highest level of attention paid to the quality of the underwrite itself. This is a hybrid role with 90% of your time spent working from home, 1-3 days in our Tempe office each month. Candidates must reside in the greater Phoenix area.

Requirements

• Minimum of 3-5 years (UW II) or more than 5 years (UW III) of Underwriting experience in home loans, including 1st mortgage products, HELOCs, etc.
• Experience with self-employment verification
• Demonstrated skills in the area of income calculation and credit review
• Excellent communication skills
• Ability to meet deadlines and achieve goals
• Ability to work with cross-functional teams toward the delivery of goals and objectives
• Ability to multi-task at a high level
• Ability to work independently, as well as in a team environment
• Ability to work in a fast paced, high volume mortgage environment
• Seeks feedback and accepts coaching with a continual desire to get better

Nice To Haves

• Results-oriented, entrepreneurial individual – must be adaptable in a start-up environment

Responsibilities

• Evaluate loan applications and borrowers' creditworthiness
• Adhere to departmental SLAs
• Monitor Regulation B compliance and ensures all underwriting decisions are made within applicable SLAs
• Verifies income and employment information, reviews credit history, and calculates the value of borrowers' collateral/assets
• Analyzes personal and business, (Corporate, S Corporation, and Partnership), income tax returns and prepares Self-Employed Analysis for Mortgage qualification
• Reviews all appraisals, (I.e., AVM, PICR, 1004, 1025), to confirm they meet the standards for the loan type requested and support the market value conclusion
• Contacts 3rd party vendors, as necessary, to resolve conflicting information or appraisal issues
• Follows underwriting procedures
• Approves/Denies loan requests based on Home Loan underwriting guidelines and investor criteria
• Documents reasons for approval or denial and completes adverse action notices, when applicable
• Answers audit issues on purchases or pre-purchased loans

Benefits

• 401 (k) with employer match
• Medical, dental, and vision with HSA and FSA
• Competitive vacation and sick time off, as well as dedicated volunteer days
• Access to wellness support through Employee Assistance Program, Talkspace, and fitness discounts
• Up to $5,250 paid back to you on eligible education expenses
• Pet care discounts for your furry family members
• Financial support in times of hardship with our Achieve Care Fund
• A safe place to connect with other employees through our six employee resource groups

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed