Construction Lending Underwriter

About Atlantic Coast Mortgage

Since its founding in 2011, Atlantic Coast Mortgage has cultivated a people-centered culture built on commitment, integrity, and innovation. The company has expanded from a small team to a dynamic organization where employees are essential to its mission of transforming the mortgage industry. Recognized by The Washington Post as a Top Workplace, Atlantic Coast Mortgage values a productive environment designed to empower professionals. The firm is eager to connect with driven and solution-oriented individuals ready to grow their careers while contributing to impactful change in mortgage lending.

Position Overview

The Construction Lending Underwriter will join the expanding construction lending division, playing a crucial role in evaluating and processing bridge and construction loan applications. This position is ideal for underwriters with a foundation in residential mortgage underwriting who possess attentive detail orientation, effective communication skills, and relevant experience with construction lending products.

Key Responsibilities

• Serve as the in-house expert for bridge and construction loan products by addressing complex scenario inquiries and guiding loan structuring and adherence to guidelines.
• Conduct thorough reviews of loan applications to confirm compliance with established lending guidelines; escalate exceptions to Executive Management as necessary.
• Investigate and resolve inquiries related to mortgage loan guidelines, offering precise and timely underwriting assistance.
• Analyze complex income documentation, including personal and business tax returns, and perform income qualification calculations.
• Maintain clear communication with loan officers throughout the review process concerning document needs, loan eligibility, structuring, and guideline interpretations.
• Perform due diligence on builders, clear construction-related underwriting conditions before loan closing, and interact directly with builders to obtain necessary documents.
• Review financial figures related to construction loans prior to disclosure and closing phases.
• Prepare construction loan files for conversion to permanent loans after construction completion.

Candidate Requirements

• At least 2 years of experience in mortgage underwriting or junior underwriting roles.
• Strong understanding of residential mortgage underwriting standards, documentation protocols, and risk assessment principles.
• Proficiency with Encompass loan origination software, Fannie Mae Desktop Underwriter, and Freddie Mac Loan Product Advisor.
• Excellent verbal and written communication skills enabling professional interaction with loan officers, borrowers, builders, and internal teams.
• Meticulous attention to detail alongside strong organizational capabilities.
• Effective multitasking and deadline management skills in a fast-paced setting.
• Preferred experience with construction and bridge lending products.
• Knowledge of relevant federal and state mortgage lending rules and regulations.
• Experience evaluating income, assets, credit reports, and collateral documentation.
• Demonstrated ability to rapidly learn and adapt to new loan products, technologies, and underwriting guidelines.

Additional Information

Atlantic Coast Mortgage vigorously supports equal employment opportunities and provides employment consideration regardless of race, color, religion, sex, sexual orientation, national origin, disability, veteran status, or any other legally protected status. Assistance is available for applicants requiring accommodations during the application process upon contacting the Human Resources department.