Residential Mortgage Underwriter II

ADP, Inc.; Swansea (IL); On-site; USD 70,000 - 91,000; Full time

Benefits offered by this job

Competitive benefits

Career development opportunities

Stability of BayCoast Bank

Job summary

BayCoast Mortgage Company in Swansea, MA is seeking an experienced Residential Mortgage Underwriter II to manage a diverse pipeline and make sound credit decisions while delivering exceptional service. This is more than a traditional underwriting role and requires strong analytical and communication skills.

The role covers conventional, FHA, VA, jumbo, portfolio, construction, and renovation loans, using DU, LPA, FHA TOTAL Scorecard, and other investor systems; collaboration with originators and

Qualifications

• 5-7 years of progressive residential mortgage underwriting experience.
• Experience with 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 originating 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.
• Review and clear underwriting conditions to support 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 knowledge of FNMA, FHLMC, FHA, VA, jumbo, and state housing guidelines.

Skills

Residential mortgage underwriting

Analytical skills

Communication skills

Multi-tasking

Customer service

Education

Bachelor's degree in Business, Finance, Accounting, Economics, or related field

MA Housing and RI Housing underwriting experience

FHA Direct Endorsement (DE) Certification

Tools

DU

LPA

FHA TOTAL Scorecard

Underwriting systems

Job description

Full Time Admin Supp-Banking BayCoast Place, Swansea, MA, US

Salary Range: $69,891.00 To $91,000.00 Annually

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 elevate 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 originating 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.