The Underwriter evaluates and approves files submitted by NACA Counselors and Mortgage Consultants based on “Character Lending” criteria. The underwriting criteria is based on Members’ payment history and compensating factors without consideration of their credit score or other traditional risk-based pricing criteria. This is an underwriting position where the Underwriter must be able to manually calculate income and underwrite mortgages based on the Member’s individual circumstances. This includes examining and verifying documents and data entry to ensure accuracy and completeness; determining an affordable mortgage payment for the Member; and reviewing a complete document package to make an approval decision.
The Underwriter utilizes extensive criteria that take the Member's total circumstances into account and adjusts for factors that may be out of the Member’s control. It is the Underwriter’s ultimate responsibility to determine whether Members are ready for homeownership and the maximum mortgage payment they can afford. The Underwriter utilizes NACA's state-of-the-art mortgage web-based counseling, processing and underwriting software called 'NACA Lynx,' which allows NACA to do Affordability lending and underwriting on a large scale.
The Underwriter works with NACA Counselors and Mortgage Consultants to help them understand NACA's underwriting criteria, policies and procedures. The Underwriter also identifies staff issues based on the quality of submissions and recommends where additional assistance and training is appropriate.