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We are seeking an experienced Residential Loan Underwriter to join our team in Walpole, Massachusetts. This is a long-term contract position that requires working entirely onsite, with no remote or hybrid options available. The ideal candidate will play a key role in ensuring compliance and accuracy throughout the underwriting process for residential mortgage and loan applications, while delivering outstanding service to internal and external stakeholders.
Job Responsibility:
Evaluate residential mortgage and loan applications to ensure compliance with federal, state, and bank-specific regulations
Analyze borrower financial documents, including income, credit, and employment history, to assess risk and eligibility
Prepare and review loan agreements, disclosures, and other required documentation with precision and attention to detail
Collaborate with attorneys, customers, and internal staff to address inquiries and resolve any issues during the underwriting process
Maintain accurate records in loan origination systems such as Mortgagebot and DocMagic
Stay informed on regulatory updates and ensure adherence to changes impacting the mortgage industry
Manage multiple priorities and deadlines effectively to support timely loan approvals and processing
Provide clear, detail-oriented communication and guidance to all stakeholders involved in the lending process
Ensure proper handling and documentation of jumbo loans, FHA underwriting, and installment loans
Perform quality checks to uphold high standards of accuracy and compliance in all underwriting activities
Requirements:
Minimum of 5 years of experience in residential loan underwriting
Strong knowledge of federal and state mortgage regulations and compliance standards
Proficiency in mortgage banking systems, including Mortgagebot and DocMagic
Demonstrated expertise in underwriting residential mortgages, jumbo loans, FHA loans, and installment loans
Exceptional analytical skills to evaluate borrower financials and assess risk effectively
Ability to manage multiple priorities and meet strict deadlines in a fast-paced environment
Excellent communication skills for interacting with attorneys, customers, and internal staff
High attention to detail and commitment to maintaining accurate records and documentation
What we offer:
medical, vision, dental, and life and disability insurance