Mortgage Underwriter: Credit Risk & Compliance

Rhode Island Commerce; Dayton (OH); On-site; USD 60,000 - 80,000; Full time

Job summary

Union Savings Bank is seeking a Mortgage Underwriter to evaluate loan applications, assess borrower creditworthiness, and ensure compliance with lending standards. The role involves reviewing income, assets, and property data while collaborating with loan officers and processors across a broad portfolio.

You will verify documentation, assess risk, and make informed decisions on approvals, suspensions, or denials, supporting responsible lending and risk management within our regulated framework.

Qualifications

• Bachelor’s degree preferred; strong analytical and credit assessment skills required.
• Experience in mortgage underwriting and regulatory guidelines expected.
• Solid understanding of federal mortgage regulations and compliance standards.

Responsibilities

• Evaluate borrower credit reports, income, debts and assets to assess risk and loan eligibility.
• Verify employment and income details for loan applications.
• Review property appraisals to confirm loan-to-value ratios and compliance.
• Make underwriting decisions—approve, suspend, or deny—based on risk and guidelines.
• Ensure thorough reviews of mortgage application packages.
• Collaborate with loan officers, processors, brokers and internal teams.
• Escalate complex or high-risk cases to management when needed.

Skills

Analytical skills

Customer service

Communication skills

Attention to detail

Time management

Organizational skills

Problem-solving

Team player

Education

Bachelor’s degree in Business Finance Economics or related field

High school diploma or equivalent

Experience in mortgage underwriting/banking/financial services

Job description

Union Savings Bank is seeking a Mortgage Underwriter to evaluate loan applications, assess borrower creditworthiness, and ensure compliance with lending standards. The role involves reviewing income, assets, and property data while collaborating with loan officers and processors across a broad portfolio.

You will verify documentation, assess risk, and make informed decisions on approvals, suspensions, or denials, supporting responsible lending and risk management within our regulated framework.