Mortgage Underwriter

bankESB•Millbury, MA

73d•Remote

About The Position

Hometown Mortgage is a division of bankESB, a Hometown Financial Group company that also includes bankHometown and TruNorth Bank™. They leverage their combined strength, internal shared services model, and investments in technology to work with borrowers and homeowners across Massachusetts, Connecticut, and neighboring states to make home financing simple and stress-free. Their commitment to community banking and local roots allows them to focus on the unique needs of those who live and work in the communities they serve.

Requirements

Position requires an associate degree in a business-related field or the equivalent of 8 years recent underwriting experience.
Active DE Chums number to underwrite FHA loans with a minimum of 3+ years’ experience
3+ years’ experience underwriting VA and USDA loans
Working knowledge of Encompass is required
Must have working knowledge of FNMA and FHLMC guidelines.
Strong communication, organizational, and analytical skills required.
Must be able to use various office equipment including a PC.

Nice To Haves

Experience with underwriting Housing agency and Mortgage Partnership Finance loans and loans with grant providers such as FHLB is a plus.
Recent experience in reviewing condominiums to ensure compliance with FNMA and FHLMC guidelines is a plus.

Responsibilities

Performs any functions necessary, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers.
Responsible for reviewing appropriate level of financial and collateral documentation as required by the bank and the secondary market and to support the loan decision being made.
Analyzes and signs off on all required documentation including all credit, income, asset and collateral documentation to ensure the documents are satisfactory and meet application guidelines.
Demonstrates sound judgment and knowledge of the Bank’s underwriting guidelines; reviews and evaluates personal and financial information regarding consumer and residential loan requests to ensure a strong, sound and compliant underwriting decision.
Completes underwriting analysis for residential loan applications and home equity applications and then recommends approval or denial based upon completed analysis. Works with the originator(s)/loan processor(s) and explains alternatives to restructure the loan to satisfy lending guidelines, if necessary.
Updates information in the mortgage system and follows up with Origination and processing staff on remaining conditions prior to closing. Prepares the file for closing.
Responsible for ensuring all Compliance and Regulatory requirements are met throughout the loan process.
Monitors updates of current practices in loan underwriting including all investor standards. Keeps abreast of federal and state laws and regulations pertaining to consumer rights, nondiscrimination, fair credit reporting, HMDA. Attends relevant courses and seminars.
Works closely with Closing, Post Closing and Shipping on any outstanding condition or investor suspense items.
Protect the confidentiality of non-public customer information (NPCI) and the security of our information technology resources. Adhere to the Bank’s Acceptable Use Policy, participate in security awareness training and successfully pass social engineering testing which are designed to provide the education necessary to enable employees to keep the bank secure. Employee awareness and vigilance are required in following these cyber security best practices and are the most effective weapon we have against cyber threats and fraud.
The Bank encourages participation in a community development service within the Bank’s assessment area. Community development encompasses affordable housing and community services that target low to moderate income individuals and activities that revitalize or stabilize targeted low to moderate income neighborhoods. Community development services must be related to providing a financial service or use the financial expertise of the bank employee.