Residential Mortgage Underwriter II

Plimoth Investment Advisors; Swansea (MA); 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 of mortgage loans and render prudent credit decisions.

You will underwrite conventional, FHA, VA, jumbo, portfolio, construction, and renovation loans, while ensuring adherence to investor guidelines and regulatory requirements. Strong analytical and communication skills are essential. Collaborate with originators and operations to deliver efficient loan delivery.

Qualifications

• 5-7 years of progressive residential mortgage underwriting experience.
• Advanced knowledge of income analysis, tax returns, assets, credit, and mortgage compliance.
• Experience with delegated underwriting authority and mortgage loan origination systems.

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, construction, and renovation loans.
• Review and clear underwriting conditions to support service level commitments.
• Collaborate with loan originators, processors, closers, investors, and business partners to facilitate efficient loan delivery.

Skills

Residential mortgage underwriting

Analytical skills

Communication skills

Education

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

Tools

DU/LPA and FHA TOTAL Scorecard systems

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Full Time Admin Supp-Banking BayCoast Place, Swansea, MA, US 1 Attachments

7 days ago Requisition ID: 1749

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 escalat 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.

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