Underwriter

Leader Bank; Arlington (MA); On-site; USD 65,443 - 98,165; Full time

Benefits offered by this job

Health insurance

Paid time off

Wellness program

Job summary

Leader Bank is seeking a residential mortgage loan Underwriter. The ideal candidate will have at least two years of underwriting experience and a background in FHA loans and condominiums. You will be responsible for reviewing loans to ensure compliance with company standards and evaluating various risk factors.

Leader Bank, known for its rapid growth and community focus, offers a comprehensive benefits package, including health insurance, a wellness program, and paid time off.

Qualifications

• Minimum of two years of underwriting experience.
• Understanding the legal and regulatory environments affecting real estate lending.
• Ability to flourish in a fast-paced inside sales environment.

Responsibilities

• Review and underwrite loans ensuring soundness and compliance.
• Evaluate debt ratios and other risk factors.
• Coach field personnel and brokers on underwriting issues.

Skills

Underwriting experience

Experience in underwriting FHA loans

Advanced customer-interface skills

Analytical skills

Interpersonal skills

Computer skills

Job description

Job Details

Location: Corporate 180 - Arlington, MA 02474

Position Type: Full Time

Salary Range: $65,443.00 - $98,165.00

Leader Bank is looking for exceptionally dedicated team members to join one of the region’s fastest growing community banks and mortgage lenders. At the time of its founding in 2002, Leader Bank had one branch office, $6.5 million in assets and 7 team members. Since then, the Bank has become one of the most successful banks in Massachusetts with $4 billion in assets, more than 400 team members, 6 branch offices, and annual mortgage originations of over $2 billion. Exemplary products and an innovative spirit have driven Leader Bank’s rapid growth over the years, and our team members embrace these values. Our mission is to obsess over our clients, make them feel valued, and maintain long-term relationships by constantly enhancing our products and processes to always improve the client experience. For our team members, Leader Bank prioritizes competitive compensation and benefits, a healthy work‑life balance, and an environment that fosters diversity and inclusion.

Summary

Leader Bank has an immediate opening for a residential mortgage loan Underwriter. The Underwriter will demonstrate knowledge of the mortgage industry and assist with planning and reporting in accordance with Leader Bank, compliance with federal laws, corporate standards and generally accepted quality assurance and underwriting principles.

Responsibilities

• Reviewing, examining, and underwriting loans to ensure soundness, accuracy, business value and compliance with the standards of both Leader Bank and its corresponding investors.
• Evaluating debt ratio, loan‑to‑value ratios, credit score, property valuation and various other factors (including risk issues and potential fraud).
• Assisting in identifying, recommending and/or negotiating alternative loan requirements, funding and/or loan‑structuring solutions.
• Reviewing and analyzing special conditions, loan deficiencies and exception requests to determine the appropriate action.
• Coaching field personnel and brokers on technical underwriting issues, problems and/or questions.
• Regularly exercising discretion and independent judgment in addressing critical business matters that have a significant financial impact.

Qualifications

• Minimum of two years underwriting experience.
• Experience in underwriting FHA loans. (preferred)
• Experience underwriting condominiums. (preferred)
• Understand the legal, regulatory, economic, competitive, and technological environments which potentially affect various real‑estate lending programs.
• Flourish in a fast‑paced inside sales workplace environment.
• Possess extensive understanding of underwriting systems and their components.
• Have computer skills.
• Advanced customer‑interface skills.
• Possess excellent analytical, interpersonal and communication skills (both written and verbal).

Salary

Base Salary: $65,443.00 - $98,165.00

Benefits

The range listed is just one component of Leader Bank’s total compensation package for team members. Other rewards may include annual bonuses, commissions, short‑ and long‑term incentives, and program‑specific awards. In addition, Leader Bank provides a variety of benefits to eligible team members, including health insurance coverage, a team member wellness program, life and disability insurance, a retirement savings plan, paid holidays and paid time off and vacation.

Equal Employment Opportunity

Leader Bank, N.A., is an Equal Opportunity and affirmative action employer and does not discriminate on the basis of race, color, religion, age, gender, marital status, sexual orientation, national origin, disability, military status, veteran status or any other protected class.

E‑Verify

Leader Bank is an E‑Verify participant. For more information, refer to the following links:https://www.everify.gov/sites/default/files/everify/images/manuals/EVParticipationPoster.JPGhttps://www.e-verify.gov/sites/default/files/everify/images/manuals/IERPoster.jpgE‑Verify is a registered trademark of U.S. Department of Homeland Security.