Senior Mortgage Loan Underwriter

Position Overview

The SR. Mortgage Loan Underwriter underwrites mortgage and consumer applications received by the Bank. Reviews and evaluates application information and makes approval/denial recommendations or decisions; approving loans within established lending limits and based on Bank and secondary market guidelines. May provide training and guidance to Jr. Mortgage Loan Underwriter.

Key Responsibilities

• Underwrite residential mortgage and consumer loan applications in accordance with Bank, FNMA, MassHousing, and regulatory guidelines
• Make sound approval and denial decisions within established lending authority
• Review appraisals, title work, mortgage insurance, and supporting documentation for accuracy and compliance
• Support loan originators and processors by providing guidance that helps create a smooth borrower experience
• Manage secondary market processing, including commitments, loan delivery, pricing, and remittances
• Assist with staff training and serve as a resource and mentor for junior underwriter
• Participate in audits, quality control reviews, and regulatory examinations
• Help improve underwriting procedures and contribute innovative ideas that drive efficiency and excellence

Qualifications

• Associate's degree in business or related field and minimum three years mortgage loan underwriting experience with conventional guidelines, Non-QM, Construction and Mass Housing loans; or equivalent combination of education and experience
• FHA Direct Endorsement (DE) credential preferred but not required
• Customer service-oriented professional with strong knowledge of mortgage underwriting guidelines and lending regulations
• Strong organizational skills with high level of accuracy and attention to detail
• Ability to prioritize and manage time and multiple responsibilities while meeting established deadlines
• Strong analytical and decision-making skills
• Excellent verbal and written communication skills with demonstrated report writing skills
• Interacts with others in an effective and professional manner, with a team approach to work responsibilities

Salary Range

$70,000 - $83,000

Benefits

• Paid time off
• 401(k) with company match
• Suite of insurance benefits including medical, dental and more