Senior Real Estate Loan Underwriter

Jeanne D'Arc Credit Union

Lowell (MA)

On-site

USD 41,272 - 61,923

Full time

14 days+

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Benefits offered by this job

Competitive pay

Outstanding benefits

Growth opportunities

Job summary

A community-focused financial institution in Lowell, MA is seeking a Senior Real Estate Loan Underwriter. The candidate will underwrite mortgage loan applications, collaborate with lending staff, and ensure compliance with industry regulations. Ideal applicants should have 4-7 years of experience in banking and possess an Associate’s degree. The role offers competitive pay and a supportive team environment.

Qualifications

4-7 years of banking experience and/or related training.
Familiarity with Fannie Mae reporting and secondary market guidelines.

Responsibilities

Underwrite, approve or deny mortgage loan applications.
Collaborate with loan officers and processors.
Ensure loan compliance with guidelines.

Skills

Attention to detail

Understanding of industry regulations

Pipeline management

Organizational skills

Effective communication

Education

Associate’s degree

Job description

Join to apply for the Senior Real Estate Loan Underwriter role at Jeanne D'Arc Credit Union

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Jeanne D'Arc Credit Union provided pay range

This range is provided by Jeanne D'Arc Credit Union. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$29.96/hr - $44.95/hr

Join Our Team and Make an Impact!

At Jeanne D’Arc Credit Union, we don’t just offer jobs— we build careers. With competitive pay, outstanding benefits, a supportive team environment, and endless growth opportunities, you’ll have everything you need to thrive.

We take pride in our team, who go above and beyond to deliver exceptional service and offer smart financial solutions to our members. If you’re looking for a rewarding role where you can make a difference in helping people and giving back to the community, we’d love to have you on board!

Come join our team as a Senior Real Estate Loan Underwriter, where under the direction of the AVP - Mortgage Operations, you will demonstrate an extensive knowledge of real estate products and services including secondary market guidelines and perform various duties related to the efficient underwriting of real estate loans according to industry regulations and Credit Union policy.

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:

Underwrite, approve or deny mortgage loan applications up to loan approval limits. Recommend approval or denial to loan officers for those in excess of their limit; underwrites home equity loans when member applies for product simultaneously with a first mortgage loan, and recommends approval or denial to loan officers.
Assist in the underwriting of Home Equity Loans as warranted by volume.
Interact with Credit Union Loan Officers to discuss or present loan files for approval or denial.
Responsible for updating loan application data in the loan processing system to ensure accurate transmittal to Fannie Mae's desktop underwriter.
Import loans to Desktop Underwriter and review the underwriting findings to determine conditions to be met for the loan to be salable to Fannie Mae.
Review appraisals for conformity to secondary market guidelines and approves or follow up with appraiser for additional or missing information.
Determine if loan is conforming, non-conforming, salable, non-salable and meets Credit Union policies. Underwrites according to secondary market and Credit Union guidelines and establishes underwriting conditions in conjunction with these guidelines.
Responsible for updating the loan processing system with correct ratios, loan to value and all underwriting conditions in order for the real estate loan processor to prepare the commitment letter to the member.
Perform delegated underwriting authority for mortgage insurance companies under stated guidelines and responsible for obtaining insurance certificate for all loans requiring mortgage insurance.
Proficient at pipeline management with an emphasis on organizational and multi-tasking skills.
Collaborate effectively with fellow originators, processors, underwriters and loan officers to ensure that loan applications are fully completed; the necessary supporting documentation is received, and the loan closes as scheduled.
Build relationships with an emphasis on member education; evaluate and recommend areas relative to loan protection products, credit/debit cards, internet access, other loan products and services, etc.
Serve as a resource on mortgage products/services of the Credit Union; respond to internal and external loan related member questions & research.
Work together with all areas of lending including origination, consumer lending, business services and special accounts to ensure an efficient, effective team based division.
Play an active role in both department and strategic projects.
Contribute in the development and implementation of policies and procedures.
Support the credit union outreach efforts through community involvement.
Train, mentor, and serve as a role model for other department employees and may oversee the daily activities of the department in the absence of the department manager.
Perform other related and unrelated duties as assigned and therefore required.

Experience:

Four to seven years of related banking experience and/or training; and/or equivalent combination of education and experience. Strong attention to detail; sound understanding of industry regulations and guidelines; Fannie Mae reporting, secondary market guidelines.

Education: