Leader Bank, N.A., one of the fastest growing banks in Massachusetts and a nationally recognized Residential Loan Originator has an immediate opening for a Residential Loan Underwriter. This candidate is responsible for the timely and accurate underwriting of all residential mortgage applications and related documentation through the mortgage closing while maintaining conformance with established Bank policies, procedures and objectives. This candidate will perform any functions, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers and co-workers.
Primary responsibilities:
- Reviewing, examining and underwriting loans to ensure soundness, accuracy, business value and compliance with the standards of both Leader Bank and 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 Loan Officers and staff 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
Requirements:
- Bachelor’s degree and a minimum of three to five years underwriting experience
- Experience in underwriting FHA loans a plus
- Understand the legal, regulatory, economic, competitive and technological environments which potentially affect various real-estate lending programs
- Excellent organization skills
- Ability to handle multiple priorities and poses a strong attention to detail
- Excellent verbal and written communication skills
- Willingness to work overtime as needed
- Prior experience with Ellie Mae’s Loan Origination System, Encompass a plus
Work Environment
This job operates in a clerical, office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
While performing the duties of this job, the employee is regularly required to talk/hear (e.g., communicate or express oneself while exchanging information). This is largely a sedentary role; however, some filing is required. This would require the ability to lift files at least 25 pounds, open filing cabinets, bend or stand on a stool as necessary.
Leader Bank offers an excellent compensation and benefits package including a 401k plan with company match, medical and dental insurance, and the opportunity to work for a fast growing organization. Leader Bank, N.A. is an Equal Opportunity and Affirmative Action employer and does not discriminate because of any protected class.
Job Type: Full-time
Pay: $88,000.00 per year
Experience:
- Underwriting: 1 year (Preferred)
Education:
- High school or equivalent (Preferred)
Additional Compensation:
- Commission
- Bonuses
Work Location:
- One location
- Multiple locations
Benefits:
- Health insurance
- Dental insurance
- Vision insurance
- Retirement plan
- Paid time off
