Residential Loan Processor/Underwriter

Essexsavings; Essex (CT); On-site; USD 45,000 - 65,000; Full time

Benefits offered by this job

Competitive pay

Benefits for eligible employees

Excellent working environment

Job summary

A local mutual savings bank is seeking a motivated Residential Loan Processor/Underwriter to manage facets of the residential mortgage process from application through underwriting. The ideal candidate will possess strong analytical, organizational, and communication skills. Responsibilities include managing mortgage origination phases, conducting application reviews, and preparing key loan documentation. The position requires a high school degree and related experience, offering competitive pay and benefits.

Qualifications

• 1-2 years of experience in residential mortgage processing, underwriting, or related field preferred.
• Knowledge of Freddie Mac underwriting guidelines or willingness to learn.

Responsibilities

• Manage all phases of residential mortgage origination.
• Conduct upfront review of applications and initial credit decisions.
• Order and review appraisals, credit reports, title searches.
• Prepare early disclosures and commitment letters.
• Interface with lenders, customers, and service providers.
• Support post-closing team in finalizing commitment letter conditions.
• Assist with compliance-related duties and month-end reports.

Skills

Analytical skills

Organizational skills

Problem-solving skills

Communication skills

Attention to detail

Education

High school degree

Tools

Microsoft Word

Microsoft Excel

Loan origination software

Data center systems

Job description

Essex Bank Residential Loan Processor/Underwriter

Essex Bank is seeking a motivated and detail-oriented Residential Loan Processor/Underwriter to join our team at a local mutual savings bank. The ideal candidate is customer-focused, organized, and possesses strong analytical and communication skills. This role is responsible for managing all facets of the residential mortgage process from application through underwriting while ensuring compliance with internal guidelines, bank policies, and regulatory requirements.

Job Description

The responsibilities of this position include, but may not be limited to, the following:

• Manage all phases of residential mortgage origination, including data entry, documentation, and file preparation.
• Conduct an upfront review of applications and make initial credit decisions based on company checklists and guidelines.
• Order and review appraisals, credit reports, title searches, tax transcripts, and flood certifications.
• Prepare early disclosures, commitment letters, and handle changes in loan circumstances. Ensure files are complete and compliant before submitting them for final underwriting or closing.
• Interface with lenders, customers, and service providers to gather required documentation and resolve issues.
  Assist with underwriting preparation, including employment and income verifications, bank statements, and tax returns.
• Support the post-closing team in finalizing commitment letter conditions to ensure smooth loan closings.
• Assist with compliance-related duties, other month-end management reports, and other administrative duties.

Qualifications

The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Strong analytical, organizational, and problem-solving skills.
• Ability to work independently in a fast-paced environment.
• Excellent written and verbal communication skills with a strong attention to detail.
• Knowledge of Freddie Mac underwriting guidelines, or willingness to learn.
• Proficiency in Microsoft Word, Excel, loan origination software, and data center systems.

Education and/or Experience

• High school degree and one to two years of experience in residential mortgage processing, underwriting, or a related field preferred.

Disclaimer

The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to the job.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

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Essex Bank offers competitive pay, benefits for eligible employees, and an excellent working environment.

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