Sr. Home Loan Underwriter

A career at The Auto Club Group (ACG) can be satisfying, exciting and rewarding. By aligning your professional development with our business objectives, ACG can help you attain your career goals — and make a difference. Get started by choosing the career that’s right for you.

Dearborn, MI

The Auto Club Group

AAA was founded over 100 years ago for the purpose of lobbying for driver and passenger rights, fair laws and safer vehicles — all to better promote the love of the open road and the adventure of driving. Since then, AAA has grown to over 50 million members strong, while providing valuable membership services such as roadside assistance. Additionally, AAA has broadened its horizons to include all types of travel-related services, as well as offer a variety of insurance and financial products and services. Today’s AAA is a national federation comprised of more than 50 individual clubs throughout the United States and Canada. Whether you’re traveling around the world or to the corner grocery store, planning a honeymoon or weekend road trip, learning to drive or in need of a battery boost, the best way to begin your journey is with AAA. http://michigan.aaa.com/

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Full Time

Competitive Compensation and Benefits Package

Overview: <strong>About ACG:</strong><br />The Auto Club Group (ACG) provides membership, travel, insurance, and financial services offerings to approximately 9 million members and customers across 11 states and 2 U.S. territories through the AAA, Meemic, and Fremont brands. ACG belongs to the national AAA federation and is the second-largest AAA club in North America.<br /><br /><strong>Compensation:</strong><br />The Auto Club Group offers competitive compensation and benefits packages including a base salary with performance-based incentives; medical/dental/vision insurance, pension, 401(k), generous time off, a complimentary AAA Membership, and much more!<br /><br />The Auto Club Group is seeking prospective&nbsp;<strong>Sr. Home Loan Underwriter</strong>&nbsp;who underwrite various types of residential real estate secured loans including FHA and VA loans and serve as a subject matter expert in residential, FHA and VA underwriting by providing high-level insight and guidance related to assigned loans.
Responsibilities: <ul> <li>Maintain advanced, in-depth working knowledge of FHA, VA loan underwriting requirements, as well as agency (Fannie Mae, Freddie Mac) underwriting guidelines.</li> <li>Able to handle complex loans with specific investor guideline overlays, and industry trends related to loan underwriting and home equity lending.</li> <li>Maintain familiarity with FHA and VA processing requirements.</li> <li>Responsible for reviewing, analyzing, and auditing complex residential real estate loan transactions for data input accuracy, regulatory compliance, document requirements, and compliance with investor guidelines.</li> <li>Complete cash flow analysis to determine the borrower&rsquo;s cash flow and the overall financial condition of the borrower (i.e.; financial statements, credit reports, applicable rations, etc.).</li> <li>Utilize manual and automated underwriting to determine appropriate conditions and loan decisions according to investor requirements.</li> <li>Review collateral/property appraisals to ensure the documents meet all investor requirements.</li> <li>Ensure integrity of all state and federal regulations affecting the underwriting and issuance of mortgage credit to borrowers while providing a final line of defense for loan guidelines and regulatory compliance.</li> <li>Approve loans up to lending authority, review and sign off secondary market loan denials.</li> <li>Escalate loans above authority for appropriate review.</li> <li>Provide input into the development and/or revision of department procedures related to processing residential real estate loans.</li> <li>Participate in operational initiatives/projects, benchmarks, and metrics reviews focused on meeting department objectives.</li> <li>Assist lower level Underwriters and processing/closing staff when necessary.</li> </ul> <br /><br /> <p align="left">With our powerful brand and the mentoring we offer, you will find your position as a<strong>&nbsp;</strong><strong>Sr. Home Loan Underwriter</strong>&nbsp;can lead to a rewarding career at our growing organization.</p> <p align="left"><strong>How you will benefit:</strong></p> <ul> <li>Our Auto Club Group&nbsp;<strong>Sr. Home Loan Underwriter</strong>&nbsp;earn a competitive salary with the potential of earning bonuses</li> </ul> <ul> <li>Excellent and comprehensive benefits packages are just another reason to work for the Auto Club Group. Benefits include: <ul> <li>401k Match</li> <li>Medical</li> <li>Dental</li> <li>Vision</li> <li>PTO</li> <li>Paid Holidays</li> <li>Tuition Reimbursement</li> </ul> </li> </ul>
Requirements: <strong>Education:</strong><br /> <ul> <li>College coursework in Business Administration or a related field</li> <li>Must currently have and maintain in good standing, a CHUMS ID number and/or a VA LAPP/SAR designation</li> <li>Bachelor&rsquo;s degree from an accredited college or university preferred</li> </ul> <br /><strong>Experience:</strong><br /> <ul> <li>Eight years of experience in residential mortgage underwriting of first mortgages sold in the secondary market</li> <li>Underwriting Conventional (conforming and jumbo), FHA, VA, and/or USDA loans</li> <li>Underwriting of all types of loans for sale in the secondary market and for portfolio use</li> <li>Processing conventional (conforming and jumbo), FHA, VA, and USDA loans</li> <li>Evaluating residential mortgage and home equity lending applications</li> <li>Resolution of title and other underwriting issues</li> <li>Analyzing technical issues and highly complex data to develop sound conclusions</li> <li>PC software applications including Word and Excel</li> <li>Working with Automated Underwriting Systems</li> <li>Working with Encompass Loan Origination System</li> </ul> <br /><strong>Knowledge of:</strong><br /> <ul> <li>Mortgage and home equity loan/line products, services, pricing, tax, and regulatory requirements including FHA and VA regulations and requirements</li> <li>Math concepts to support cash flow analysis</li> <li>FCRA, ECOA, and other federal/state regulations regarding the extension of credit</li> </ul> <br /><strong>Ability to:</strong><br /> <ul> <li>Eight years of experience in residential mortgage underwriting of first mortgages sold in the secondary market</li> <li>Underwriting Conventional (conforming and jumbo), FHA, VA, and/or USDA loans</li> <li>Underwriting of all types of loans for sale in the secondary market and for portfolio use</li> <li>Processing conventional (conforming and jumbo), FHA, VA, and USDA loans</li> <li>Evaluating residential mortgage and home equity lending applications</li> <li>Resolution of title and other underwriting issues</li> <li>Analyzing technical issues and highly complex data to develop sound conclusions</li> <li>PC software applications including Word and Excel</li> <li>Working with Automated Underwriting Systems</li> <li>Working with Encompass Loan Origination System</li> </ul> <br />Important Note: The above statements describe the principle and essential functions, but not all functions that may be inherent in the job. This job requires the ability to perform duties contained in the job description for this position, including, but not limited to, the above requirements. Reasonable accommodations will be made for otherwise qualified applicants, as needed, to enable them to fulfill these requirements.<br /><br />The Auto Club Group, and all of its affiliated companies, is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, disability or protected veteran status.<br />