Senior Mortgage Loan Underwriter

Monson Savings Bank; Wilbraham (MA); Hybrid; USD 70,000 - 83,000; Full time

Benefits offered by this job

Paid time off

Company match 401(k)

Medical & dental insurance

Job summary

Monson Savings Bank in Massachusetts is seeking a Senior Mortgage Loan Underwriter to join our Residential Lending team. The role underwrites mortgage and consumer loan applications, providing sound decisions within lending authority and helping create a smooth borrower experience.

The ideal candidate has at least three years of underwriting experience, an Associate’s degree in business or related field, and may hold FHA DE credential.

Qualifications

• Associate’s degree in business or related field and minimum three years mortgage loan underwriting experience.
• FHA Direct Endorsement (DE) credential preferred but not required.
• Knowledge of underwriting guidelines and lending regulations.

Responsibilities

• Underwrite residential mortgage and consumer loan applications per guidelines.
• Make sound approval/denial decisions within lending authority.
• Review appraisals, title work, mortgage insurance for accuracy.
• Support loan originators and processors to ensure smooth borrower experience.
• Manage secondary market processing including commitments, pricing, remittances.
• Assist with staff training and mentor junior underwriter.
• Participate in audits, quality control, and regulatory examinations.
• Suggest improvements to underwriting procedures.

Skills

Customer service

Organizational skills

Time management

Analytical skills

Written communication

Team oriented

Education

Associate’s degree in business or related field

Tools

FHA Direct Endorsement (DE) credential

Job description

Are you an experienced mortgage underwriter who enjoys making sound lending decisions while delivering an exceptional customer experience? Do you thrive in a collaborative community banking environment where your knowledge, judgment, and ideas are valued?

Monson Savings Bank is seeking a Senior Mortgage Loan Underwriter to join our Residential Lending team. This is an exciting opportunity for a skilled, experienced underwriting professional to play a key role in our mortgage lending process and contribute to the success of a respected community bank.

Position Overview

The SR. Mortgage Loan Underwriter underwrites mortgage and consumer applications received by the Bank. Reviews and evaluates application information and makes approval/denial recommendations or decisions; approving loans within established lending limits and based on Bank and secondary market guidelines. May provide training and guidance to Jr. Mortgage Loan Underwriter. Hybrid remote work option available upon completion of training and Introductory period. Full remote work option not available.

Key Responsibilities

• Underwrite residential mortgage and consumer loan applications in accordance with Bank, FNMA, MassHousing, and regulatory guidelines
• Make sound approval and denial decisions within established lending authority
• Review appraisals, title work, mortgage insurance, and supporting documentation for accuracy and compliance
• Support loan originators and processors by providing guidance that helps create a smooth borrower experience
• Manage secondary market processing, including commitments, loan delivery, pricing, and remittances
• Assist with staff training and serve as a resource and mentor for junior underwriter
• Participate in audits, quality control reviews, and regulatory examinations
• Help improve underwriting procedures and contribute innovative ideas that drive efficiency and excellence

Qualifications

Associate’s degree in business or related field and minimum three years mortgage loan underwriting experience with conventional guidelines, Non-QM, Construction and Mass Housing loans; or equivalent combination of education and experience. FHA Direct Endorsement (DE) credential preferred but not required.

• Customer service-oriented professional with strong knowledge of mortgage underwriting guidelines and lending regulations
• Strong organizational skills with high level of accuracy and attention to detail
• Ability to prioritize and manage time and multiple responsibilities while meeting established deadlines
• Strong analytical and decision-making skills
• Excellent verbal and written communication skills with demonstrated report writing skills
• Interacts with others in an effective and professional manner, with a team approach to work responsibilities

Salary Range: $70,000 - $83,000

Join our growing and dynamic team! We are a successful community bank dedicated to our customers, associates and communities!

• Benefits include paid time off, 401(k) with company match, suite of insurance benefits including medical, dental and more!

This is a great opportunity to join a successful, local bank that has a rich history of investing in employees and local communities for more than 150 years!

Monson Savings Bank is an Equal Opportunity Employer to all protected groups, including protected veterans and individuals with disabilities.

Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential position functions.