Senior Mortgage Loan Underwriter
Monson Savings Bank•Wilbraham, MA
•Onsite
About The Position
Monson Savings Bank is seeking a Senior Mortgage Loan Underwriter to join their Residential Lending team. This role involves underwriting mortgage and consumer applications, making approval/denial recommendations or decisions based on Bank and secondary market guidelines, and potentially training junior underwriters. The position offers an opportunity to play a key role in the mortgage lending process within a community banking environment.
Requirements
- 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
- 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
Nice To Haves
- FHA Direct Endorsement (DE) credential preferred but not required
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
Benefits
- paid time off
- 401(k) with company match
- suite of insurance benefits including medical, dental and more
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
Associate degree
