Now Hiring: Experienced Underwriters

1-2 files per day or 1-2 files per week.  You set your pace!

We're happy to have our team-members work either part-time or full-time. 

HCA works with nonprofit lenders, credit unions, Community Development Financial Institutions (CDFI), and other community lenders.  We are focused on helping first-time homebuyers and underserved communities. 

HCA helps unlock opportunities for increased potential and growth for CDFIs and mission-driven community lenders. We become a part of their team by delivering critical technical lending assistance and services. 

HCA is now hiring experienced Underwriters only.  Our pay scale is competitive.  Earn what your experience deserves while delivering value and efficiency to our partners. $50+ per hour PT

Primary responsibilities include in-depth pre-funding and post-funding quality assurance audit on each loan file. The position requires extensive experience in underwriting and guideline knowledge of both conventional and government loans.  Additionaly, loan fraud detection is required.  The Underwriter is expected to make loan level risk analysis and recognize issues that could cause loans to be repurchased or be in violation of any lending laws.  Ability to underwrite higher-complexity loan files including down payment and multi-layered loans.  Identify where in the chain of application, underwriting, closing or funding anyerrors may or are occurring and propose improvements or changes to eliminate future occurrences. Works closely with the VP, Lending Services.

Job Responsibilities

• Perform in-depth reviews and analysis of mortgage loans as assigned by the VP of Lending Services.

• Work on pre-funding audits of loans while maintaining productivity levels of post-funding audits.

• Perform risk analysis with identification of loan level defects and assures uniformity and proficiency. 

• Audit results and incorporate risk ratings, standardized defect categories along with determination if the findings are related to underwriting, compliance or quality control. 

• Early detection and prevention of fraud, familiarity with red flags.

• Ensure all loans are underwritten in accordance with all required Investor and agency guidelines such as, FNMA, FHLMC, HUD, VA, USDA and Jumbo.

• Maintain knowledge of underwriting guidelines, AUS (DU, LP and Manual) requirements.

• Assist the Compliance team with interpreting Regulations and statutes,  implementing best practices, and creating reports for senior management.

• QC completed within expected and approved timeframes.

• Continuous education in compliance via webinars and other training.

Qualifications

• Ability to review audit documentation, perform analysis, validate and document potential risk to determine course of appropriate corrective action and/or make recommendations of such action.

• Possess strong attention to detail, analytical and organization skills.

• Previous underwriting experience, and/or quality control review/audit experience of mortgage loans. 

• Ability to analyze risk as it relates to investment quality loans, critical thinking with short yet comprehensive write ups.

• Working knowledge of investor guidelines such as FNMA, FHLMC, FHA, VA, USDA, Jumbo and Reverse.

• Strong ability to detect possible misrepresentation and/or fraud.

• Experience reading and interpreting title reports, AVM, credit reports, income documentation  and settlement statements.

• Extensive knowledge of DU, LP and manually underwritten loans.

• Excellent written and oral communication skills with the ability to rate and categorize risk ratings in a clear and concise manner.

• Demonstrated ability to interact effectively with third parties and team members.

• Ability to work in stressful, and at times high-pressure situations.

• Able to prioritize and meet deadlines

Job Type

• Part-time - on call - Monday to Friday

• Work location: 100% remote 

• Work in a paperless environment

• High speed internet required

• Distraction free work environment 

Desired Education/Experience

• HS Diploma or GED 

• 3-5 or more years' underwriting, credit and/or QC experience.

• DE and/or VA underwriting designations preferred but not required.

Experience

• Conventional: 5 years (Preferred)

• VA: 5 years (Preferred)

• Fraud: 5 years (Preferred)

• Underwriting: 5 years (Preferred)

• Due Diligence: 5 years (Preferred)

• QC: 5 years (Preferred)

• FHA: 5 years (Preferred)

Other Duties: This job profile is not intended to be an all-inclusive list of job duties and responsibilities, as one may perform additional related duties as assigned in order to meet the needs of the organization.