Residential Mortgage Underwriter II

Baycoast Bank; Swansea (MA); On-site; USD 90,000 - 120,000; Full time

Job summary

BayCoast Mortgage Company is seeking an experienced Residential Mortgage Underwriter II to join a fast-paced lending team. You will evaluate income, assets, credit, and collateral to render prudent credit decisions across conventional, FHA, VA, jumbo, portfolio, and construction loan types.

The role emphasizes compliance, guidance to originators, and meeting service levels while maintaining a high-quality pipeline. Strong analytical and communication skills are essential.

Qualifications

• 5-7 years of progressive residential mortgage underwriting experience.
• Strong experience underwriting conventional, FHA, VA, jumbo, portfolio, construction, and renovation loans.
• Advanced knowledge of income analysis, tax returns, asset review, credit evaluation, and mortgage compliance.
• Experience with delegated underwriting authority and mortgage loan origination systems.
• Exceptional analytical, organizational, and communication skills.
• Ability to manage multiple priorities in a fast-paced production environment.

Responsibilities

• Underwrite and approve residential mortgage loans within delegated authority while maintaining an active pipeline.
• Evaluate borrower income, assets, credit, collateral, and overall eligibility to render prudent credit decisions.
• Handle a variety of loan products including conventional, FHA, VA, jumbo, portfolio, self-employed borrower, construction, and renovation loans.
• Review and clear underwriting conditions to support established service level commitments.
• Provide guidance to loan originators and operations staff on loan structure and investor eligibility requirements.
• Communicate underwriting decisions, conditions, and documentation requirements clearly and professionally.
• Maintain current knowledge of FNMA, FHLMC, FHA, VA, jumbo, and state housing guidelines.
• Ensure all underwriting decisions meet investor, agency, regulatory, and company requirements.
• Identify and escalate potential credit, compliance, operational, and fraud risks.
• Assist with audits, regulatory examinations, and quality control initiatives.
• Collaborate with loan originators, processors, closers, investors, and business partners to facilitate efficient loan delivery.
• Contribute to process improvements, technology enhancements, and departmental best practices.
• Support operational goals through teamwork, accountability, and continuous improvement.

Skills

Residential mortgage underwriting

Income analysis

Credit evaluation

Regulatory compliance

Communication skills

Multi-tasking

Education

Bachelor's degree in Business/Finance/Accounting/Economics

MA Housing and/or RI Housing underwriting experience

Tools

DU

LPA

FHA TOTAL Scorecard

Job description

Residential Mortgage Underwriter II
BayCoast Mortgage Company

Ready to Take Your Mortgage Underwriting Career to the Next Level?

BayCoast Mortgage Company is seeking an experienced, detail-oriented mortgage professional who thrives in a fast-paced lending environment and is passionate about making sound credit decisions while delivering exceptional service. This is more than a traditional underwriting role. We are looking for a knowledgeable underwriter with strong analytical skills, a customer-focused mindset, and the ability to manage a diverse pipeline of residential mortgage products while balancing risk management and service excellence

Make Sound Lending Decisions

• Underwrite and approve residential mortgage loans within delegated authority while maintaining an active pipeline.
• Evaluate borrower income, assets, credit, collateral, and overall eligibility to render prudent credit decisions.
• Handle a variety of loan products including conventional, FHA, VA, jumbo, portfolio, self-employed borrower, construction, and renovation loans.
• Review and clear underwriting conditions to support established service level commitments.
• Apply Your Expertise
• Utilize DU, LPA, FHA TOTAL Scorecard, and other investor underwriting systems.
• Provide guidance to loan originators and operations staff on loan structure and investor eligibility requirements.
• Communicate underwriting decisions, conditions, and documentation requirements clearly and professionally.

• Maintain current knowledge of FNMA, FHLMC, FHA, VA, jumbo, and state housing guidelines.

Support Compliance & Quality

• Ensure all underwriting decisions meet investor, agency, regulatory, and company requirements.
• Identify and **escalate** potential credit, compliance, operational, and fraud risks.
• Assist with audits, regulatory examinations, and quality control initiatives.
• Maintain a high level of loan quality while meeting production expectations.

Collaborate & Drive Results

• Partner with loan originators, processors, closers, investors, and business partners to facilitate efficient loan delivery.

• Contribute to process improvements, technology enhancements, and departmental best practices.
• Support operational goals through teamwork, accountability, and continuous improvement.

What We're Looking For

• 5-7 years of progressive residential mortgage underwriting experience.
• Strong experience underwriting conventional, FHA, VA, jumbo, portfolio, construction, and renovation loans.
• Advanced knowledge of income analysis, tax returns, asset review, credit evaluation, and mortgage compliance.
• Experience with delegated underwriting authority and mortgage loan origination systems.
• Exceptional analytical, organizational, and communication skills.
• Ability to manage multiple priorities in a fast-paced production environment.

Preferred Qualifications

• FHA Direct Endorsement (DE) Certification.
• Bachelor's degree in Business, Finance, Accounting, Economics, or a related field.
• MA Housing and/or RI Housing underwriting experience.

Why Join BayCoast Mortgage Company?

• Opportunity to work with a respected and growing mortgage lender.
• Collaborative culture focused on service, quality, and professional growth.
• Competitive benefits, career development opportunities, and the strength and stability of BayCoast Bank.