East Cambridge Savings Bank
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East Cambridge Savings Bank provided pay range This range is provided by East Cambridge Savings Bank. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range $38.40/hr - $59.55/hr
Position Part‑Time
Senior Loan Underwriter.
Function Under the general direction of the Vice President - Retail Lending Manager, perform a variety of clerical and administrative tasks in connection with the processing of Mortgage and Consumer loans.
We are looking for a candidate with:
Knowledge of basic lending and underwriting policies and procedures, including guidelines issued by FNMA and FHLMC, as well as federal and state regulations.
Minimum of 3-5 years Mortgage Banking underwriting experience required.
Must have excellent organizational, analytical, mathematical and problem solving skills.
Must become a registered MLO in accordance with the S.A.F.E. Act
Good verbal and written communication skills.
Working knowledge of Microsoft Word and Excel.
Essential Job Functions
Responsible for reviewing loan files and communicating with the Senior Loan Processor to ensure that application data is complete for underwriting purposes.
Analyze applicant’s financial status, credit and property evaluations to determine terms and conditions of approving the loan.
Independently interpret underwriting guidelines and keep necessary parties informed of changes and updates. Recommend approval of customer applications for residential loans or extensions of real estate loan lines.
In the absence of the Mortgage Loan Originator assist the customer with questions regarding the loan application, terms of the loan and product information. Serve as liaison with customers, brokers and attorneys to resolve problems and to ensure that all documentation is accurate and complete. Respond to inquiries to provide guidance and clarification.
Evaluate risk for each loan. Based on risk analysis, make an underwriting decision for each loan with limits up to secondary market guidelines. Ensure all decisions are accurately reflected in board reports.
Respond to Lending Policy inquiries within scope of authority.
Prepare application disposition correspondence including commitment letters, adverse action notices and corresponding appeal information; maintain status of all applications for accurate preparation of Pipeline Report; receive and transmit applicant's commitment and status updates to conveyancing attorney, originators and other employees as needed.
Responsible for audits of loan files prior to and after funding is obtained. Serve as liaison with customers, brokers, correspondent lenders, investors and attorneys to resolve problems and to ensure that closing documentation is accurate and complete.
Confer with Management to aid in resolving mortgage application issues.
Responsible for verifying HMDA information at loan level.
Keep abreast of residential and consumer loan products. Comply fully with all federal, state and local laws and regulations, policies and procedures, including but not limited to the S.A.F.E. Act and its registration, renewal and updating requirements.
Keep abreast of all loan underwriting, processing and closing tasks and assist as necessary to maintain smooth and effective workflow and update the Bank’s policies.
Assist with underwriting other loan products such as Consumer Loans, HELOCS, Small Business Loans, etc. as needed.
Supportive Functions
Perform all related lending tasks and special projects as may be required or selected.
Job Details
Seniority level: Mid‑Senior level
Employment type: Part‑time
Job function: Finance and Sales
Industry: Banking
Contact our Human Resources Division or visit www.ecsb.com/careers for more details and to apply.
East Cambridge Savings Bank, Attn: Human Resources 344 Cambridge Street Cambridge, MA 02141
East Cambridge Savings Bank is an Equal Opportunity Employer/Disabled/Veterans
Referrals increase your chances of interviewing at East Cambridge Savings Bank by 2x
Sign in to set job alerts for “Loan Underwriter” roles.
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East Cambridge Savings Bank provided pay range This range is provided by East Cambridge Savings Bank. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range $38.40/hr - $59.55/hr
Position Part‑Time
Senior Loan Underwriter.
Function Under the general direction of the Vice President - Retail Lending Manager, perform a variety of clerical and administrative tasks in connection with the processing of Mortgage and Consumer loans.
We are looking for a candidate with:
Knowledge of basic lending and underwriting policies and procedures, including guidelines issued by FNMA and FHLMC, as well as federal and state regulations.
Minimum of 3-5 years Mortgage Banking underwriting experience required.
Must have excellent organizational, analytical, mathematical and problem solving skills.
Must become a registered MLO in accordance with the S.A.F.E. Act
Good verbal and written communication skills.
Working knowledge of Microsoft Word and Excel.
Essential Job Functions
Responsible for reviewing loan files and communicating with the Senior Loan Processor to ensure that application data is complete for underwriting purposes.
Analyze applicant’s financial status, credit and property evaluations to determine terms and conditions of approving the loan.
Independently interpret underwriting guidelines and keep necessary parties informed of changes and updates. Recommend approval of customer applications for residential loans or extensions of real estate loan lines.
In the absence of the Mortgage Loan Originator assist the customer with questions regarding the loan application, terms of the loan and product information. Serve as liaison with customers, brokers and attorneys to resolve problems and to ensure that all documentation is accurate and complete. Respond to inquiries to provide guidance and clarification.
Evaluate risk for each loan. Based on risk analysis, make an underwriting decision for each loan with limits up to secondary market guidelines. Ensure all decisions are accurately reflected in board reports.
Respond to Lending Policy inquiries within scope of authority.
Prepare application disposition correspondence including commitment letters, adverse action notices and corresponding appeal information; maintain status of all applications for accurate preparation of Pipeline Report; receive and transmit applicant's commitment and status updates to conveyancing attorney, originators and other employees as needed.
Responsible for audits of loan files prior to and after funding is obtained. Serve as liaison with customers, brokers, correspondent lenders, investors and attorneys to resolve problems and to ensure that closing documentation is accurate and complete.
Confer with Management to aid in resolving mortgage application issues.
Responsible for verifying HMDA information at loan level.
Keep abreast of residential and consumer loan products. Comply fully with all federal, state and local laws and regulations, policies and procedures, including but not limited to the S.A.F.E. Act and its registration, renewal and updating requirements.
Keep abreast of all loan underwriting, processing and closing tasks and assist as necessary to maintain smooth and effective workflow and update the Bank’s policies.
Assist with underwriting other loan products such as Consumer Loans, HELOCS, Small Business Loans, etc. as needed.
Supportive Functions
Perform all related lending tasks and special projects as may be required or selected.
Job Details
Seniority level: Mid‑Senior level
Employment type: Part‑time
Job function: Finance and Sales
Industry: Banking
Contact our Human Resources Division or visit www.ecsb.com/careers for more details and to apply.
East Cambridge Savings Bank, Attn: Human Resources 344 Cambridge Street Cambridge, MA 02141
East Cambridge Savings Bank is an Equal Opportunity Employer/Disabled/Veterans
Referrals increase your chances of interviewing at East Cambridge Savings Bank by 2x
Sign in to set job alerts for “Loan Underwriter” roles.
#J-18808-Ljbffr