Senior Mortgage Processor & Underwriter Backup

Winchester Cooperative Bank; Winchester (MA); On-site; USD 68,000 - 80,000; Full time

Job summary

Winchester Co-operative Bank in Winchester, MA seeks a Senior Loan Processor/Junior Underwriter for residential mortgage processing on-site. The role collaborates with loan officers, borrowers, processors, and underwriters to keep files complete, accurate, and compliant from application through closing.

Responsibilities include processing, preliminary underwriting reviews, preparing initial disclosures and loan estimates, coordinating third-party services, and backing up processing and

Qualifications

• High School diploma or equivalent.
• Banking certifications and/or Associate/Bachelor’s degree a plus.
• 1–3 years of residential lending processing or banking experience preferred.
• Accuracy and attention to detail.
• Excellent communication, planning, time management, problem solving, and organization skills.
• Ability to effectively make decisions.
• Ability to work well independently and as part of a team.
• Strong knowledge of secondary market requirements and FHLMC loans.
• LOS experience (Encompass preferred), construction lending knowledge, familiarity with COCC Insight and MHP One Mortgage are all a plus however not required.

Responsibilities

• Review new loan applications for completeness and accuracy.
• Collect, organize, and validate borrower documentation, including income, asset, credit, and collateral information.
• Obtain and review third-party services such as appraisals, title work, flood certifications, and verifications.
• Communicate with borrowers, loan officers, attorneys, realtors, and other third parties to resolve outstanding conditions.
• Track loan milestones and ensure timely movement of files through the mortgage process.
• Prepare and issue initial Loan Estimates (LEs) and required re-disclosures in compliance with regulatory requirements within applicable timeframes.
• Maintain accurate loan documentation and system records throughout the loan lifecycle.
• Monitor pipeline activity and proactively follow up on outstanding items.
• Perform preliminary underwriting reviews of loan files to determine completeness and investor eligibility.
• Analyze income, assets, liabilities, credit reports, and supporting documentation.
• Review loan files for compliance with agency, investor, and company guidelines.
• Prepare and send Notices of Incomplete (NOIs) following the initial underwriting review, as applicable.
• Assist underwriters by preparing files for final underwriting review and decisioning.
• Review and clear routine underwriting conditions under delegated authority, as permitted.
• Maintain compliance logs, conversation logs, and critical deadline tracking.
• Prepare and distribute commitment letters to borrowers through the appropriate delivery method and provide copies to attorneys and loan officers.
• Assist in ensuring all pre-closing conditions are satisfied prior to closing.
• Perform Verifications of Employment
• Coordinate with the Closing Department to ensure all closing-related deadlines are met.

Skills

Communication skills

Time management

Attention to detail

Independent and team work

Decision making

Education

High School diploma or equivalent

Banking certifications and/or Associate/Bachelor’s degree a plus

Tools

Encompass LOS

COCC Insight

MHP One Mortgage

Job description

Winchester Co-operative Bank in Winchester, MA seeks a Senior Loan Processor/Junior Underwriter for residential mortgage processing on-site. The role collaborates with loan officers, borrowers, processors, and underwriters to keep files complete, accurate, and compliant from application through closing.

Responsibilities include processing, preliminary underwriting reviews, preparing initial disclosures and loan estimates, coordinating third-party services, and backing up processing and