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Residential Mortgage Loan Underwriter

Company: Newburyport Five Cents Savings Bank
Location: Amesbury
Posted on: June 25, 2022

Job Description:

Newburyport Bank is a premier community bank in the Greater Seacoast looking to expand our team. If you are seeking an organization who treats customers, employees, and community members with respect, fairness, and an unwavering commitment to professional growth and development, apply now. We are currently in search of a qualified individual to fill the role of Residential Mortgage Loan Underwriter. This position is responsible for the following. however, other duties may be assigned as dictated by business needs. Underwrites 1-4 family residential mortgage loans to a portfolio, investor, and GSE guidelines within lending sign-off authority limits established in Loan Policy.Assists with underwriting loan modification and subordination requests if needed.Guides underwriting criteria to Processing and Origination staff.Keeps abreast of industry, regulatory, and investor guidelines and requirements.Responsible for accurate data entry and tracking in the LOS.Follows procedures and workflow in an efficient, timely, and accurate manner.Reviews loan documentation for completeness and accuracy. Follows up with applicable parties as needed. Retrieves, obtains, copies, and scans pertinent information and documents.Provides underwriting training to Operations and Origination staff as needed.Assists in documenting department procedures as they relate to Underwriting and Processing workflows.

Minimum of associates degree with a specialization in business or legal curriculum or equivalent.minimum of 5+ years' experience as a mortgage underwriter with sign off authority.Prior exposure with secondary market lending principles including investor requirements.federal and state regulations and banking policies required.Knowledge of general mortgage lending concepts and principals required in addition to basic working knowledge of consumer lending compliance, documents and calculations strongly preferred.Prior experience with of core processing system (Miser) and LOS (Encompass) helpful.Ability to use Microsoft applications (Word, Excel and Outlook) and AUS (DU/LP) required.Strong organizational and verbal/written communication skills required.Professional demeanor and professional maturity required.Member DIF /Member FDIC /EOE /Equal Housing Lender /Bank NMLS#413282Disabilities/VeteransPM21PI181762734

Keywords: Newburyport Five Cents Savings Bank, Lowell , Residential Mortgage Loan Underwriter, Other , Amesbury, Massachusetts

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