Mortgage Underwriter 1

Watertown Savings Bank, MA; City of Watertown (NY); On-site; USD 65,000 - 90,000; Full time

Job summary

Watertown Savings Bank is seeking an Mortgage Underwriter I to review and assess residential mortgage loan applications, ensuring compliance with underwriting standards, regulatory requirements, and bank policy. You will evaluate borrower qualifications, analyze financial documentation, and work with Loan Officers to determine overall risk.

The role emphasizes timely approvals, sound credit practices, and exceptional customer service while maintaining regulatory compliance and professional

Qualifications

• Attention to detail, communication, organization, problem-solving, and technology proficiency are essential.

Responsibilities

• Review Mortgage and Home Equity application documentation for accuracy
• Analyze borrowers' employment history, financials, credit reports, asset statements, liabilities, etc. to determine eligibility for financing
• Underwrite loans in accordance with Bank Policy, State and Federal laws and regulations, and any other guidance issued by partner organizations of WSB
• Identify and communicate application deficiencies to the Loan Officers
• Maintain high level of service and professionalism both internally with coworkers and externally with customers
• Monitor personal pipeline to ensure files are moving timely and efficiently
• Perform other duties as assigned.

Skills

Attention to detail

Communication

Organization

Problem-solving

Technology proficiency

Job description

Position Summary

The Mortgage Underwriter I is responsible for reviewing and assessing residential mortgage loan applications to ensure adherence to established underwriting standards, regulatory requirements, and the Banks policy. This role will evaluate borrower qualifications, analyze financial documentation, and work with the Loan Officer to determine the overall risk associated with each loan decision. The Mortgage Underwriter I will work with Loan Officers and other origination staff to facilitate timely approvals while maintaining sound credit practices, compliance, and exceptional customer service.

Key Responsibilities

• Review Mortgage and Home Equity application documentation for accuracy
• Analyze borrowers employment history, financials, credit reports, asset statements, liabilities, etc. to determine eligibility for financing
• Underwrite loans in accordance with Bank Policy, State and Federal laws and regulations, and any other guidance issued by partner organizations of WSB
• Identify and communicate application deficiencies to the Loan Officers
• Maintain high level of service and professionalism both internally with coworkers and externally with customers
• Monitor personal pipeline to ensure files are moving timely and efficiently
• Perform other duties as assigned.

Required Qualifications

Skills: Attention to detail, communication, organization, problem-solving, technology proficiency