The Mortgage Underwriter position is responsible for underwriting Conventional, FHA, USDA, and VA loans following established Company, agency, and investor guidelines. The Underwriter evaluates mortgage loan files and assesses risk based on compliance, agency, investor, and Company guidelines to ensure salability with minimal loss. Individuals in this role are required to keep current with regulatory and market changes.
Underwriters will be service-focused with superior time-management and communication skills, have the ability to multi-task and possess a keen attention to detail. Underwriters at ALCOVA are the gatekeepers to our success. We pride ourselves on turn-time, efficiency, and providing the best borrower experience possible. The Mortgage Underwriter must conduct business with integrity and in a highly ethical manner.

• Complete thorough analysis of mortgage loan files to determine compliance with agency, Company, and investor guidelines to ensure salability of closed loans.
• Review resubmitted files and documents.
• Make and issue independent compliant loan decisions.
• Maintain Company service level and turn-time standards.
• Respond to audits and post-closing issues in a timely manner.
• Maintain working knowledge of agency and investor guidelines and policies.
• Mentor processing staff on underwriting deficiencies and calculation errors.

• 3+ years’ experience underwriting Conventional, USDA, FHA, and VA loans required.
• DE (Direct Endorsement) designation required.
• VA SAR/LAPP (Staff Appraiser Reviewer / Lender Appraiser Processing Program) designations preferred.
• Strong analytical decision-making and problem-solving abilities.
• Excellent mortgage loan processing system computer skills.
• Encompass experience preferred.
• Demonstrated success in a fast-paced, high-stakes environment.
• Aptitude for maintaining professional relationships with coworkers.
• Excellent verbal and written communication skills.

EOE/M/F/D/V

Most companies start with a business plan. ALCOVA Mortgage started with a friendship. Bound by common background and inspired by a passion to serve, childhood friends Bobby Nicely, Billy Siple and Rob Lindstrom dreamed of one day starting a business.

In 2003, the trio joined together to establish a mortgage company—ALCOVA—an acronym for Alleghany County, VA, in honor of their roots.

In 2012, ALCOVA Mortgage made its debut on the Inc. 5000 list of fastest-growing private companies in the United States and has been recognized every year since. The company’s phenomenal growth of 96% in three years propelled it into the league of such legendary businesses that gained notoriety on the prestigious list as Dell, Microsoft, LinkedIn, Pandora, Timberland, Zillow, Yelp, and Domino’s Pizza.

Today, ALCOVA continues to thrive, largely because of its roots in a friendship and the passion to serve.