Mortgage Underwriter

Job Order #: 15207050

Littleton, MA 01460

Full Time

40 hours per week

POSTED 7/19/2021

EXPIRES 10/17/2021

Job Description

Credit Union in Billerica MA is looking for a full time Mortgage Underwriter
This is a full time position

Description:
Under the general supervision of the Mortgage Operations Manager, analyze employment profile, credit strength, property characteristics, and all other information pertinent to the credit decision process on each mortgage application.
Review loans for approval and list conditions needed to clear the loan to close.
Approve, deny, and counter offer mortgage applications within authority limits.
Utilize MortgageBot loan operating system
Evaluate and verify the accuracy of the loan product and pricing for each loan. Identify all possible counter offer situations to ensure the applicant?s options are fully determined and that fair lending was applied in all cases.
Evaluate all supporting documentation and real estate appraisals to ensure items meet secondary market standards and requirements.
Be proficient in underwriting the self-employed borrower and completing a cash flow analysis form.
Utilize the daily mortgage loan production reports to maintain turnaround times.
Report all problems or adverse situations to the Mortgage Operations Manager as they arise and handle accordingly as instructed.
Analyze Condominium Projects to ensure Fannie Mae requirements are met for loans to be sold on the secondary market.
Maintain knowledge of compliance laws applicable to mortgage originations including Equal Credit Opportunity Act (ECOA), Real Estate Settlement Procedures Act (RESPA), Regulation Z (TRID), Regulation C (HMDA), Fair Credit Reporting Act and other state and federal laws which may be applicable.

Qualifications
1-3 years experience underwriting mortgages to secondary market guidelines, utilizing mortgage loan operating systems
Must have strong organizational, analytical and customer service skills.
Knowledge of Fannie Mae?s underwriting guidelines.
Knowledge of real estate lending regulatory compliance.
Familiarity with standard concepts, practices and procedures within the mortgage industry.
Ability to work independently in a fast-paced environment.
Knowledge of HMDA compliance

Required
1-3 years: Mortgage underwriting

A person that is looking for a full-time, permanent position offers Medical, Dental, Vision, FSA, 401(k), Student Loan Paydown, and paid Sick and Vacation time benefits.

Education:
Required - Associates or better.

If interested please email resume to timothy.hovey@masshirelowellcc.com

How To Apply

If Interested please email timothy.hovey@masshirelowellcc.com

Shift

Not Specified

Per Diem Position

Not Specified

Union Position

No

Apprenticeship

No

Pay

Not Specified

Benefits

  • Major Medical
  • Vision Insurance
  • Dental Insurance
  • 401K
  • Vacation Leave
  • Sick Leave
  • Paid Holidays

Name

Timothy Hovey

Title

Business Service Rep

Email

timothy.hovey@masshirelowellcc.com

Phone

978-805-4784

Address

107 Merrimack Street
Lowell, MA 01852

PREVIOUS JOB LISTING

NEXT JOB LISTING