Not ready to apply?

Senior Mortgage Loan Underwriter #28545

Senior Mortgage Loan Underwriter

Salary: $63K - $74K

3-5+ years mortgage banking underwriting experience required

A savings bank in Boston is looking to hire a Senior Mortgage Loan Underwriter to join its office. In this role, you will assist in providing quality loans by underwriting and evaluating residential mortgage applications originated by correspondent lenders and in-house originators.


  • Senior Mortgage Loan Underwriter will be 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
  • Evaluate risk for each loan; based on risk analysis, make an underwriting decision for each loan with limits up to secondary market guidelines
  • 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


  • Knowledge of basic lending and underwriting policies and procedures, including guidelines issued by FNMA and FHLMC, as well as federal and state regulations
  • 3-5+ years mortgage banking underwriting experience
  • 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

Categories: Direct Hire| Investment and Banking Jobs, Region| Metro Boston - Massachusetts

Not ready to apply?

Interested? Apply Now!

BPTW 2020
BPTW 2019

The Job Seekers Survival Kit

Looking for a job is hard work but JOHNLEONARD can help!
Use our Job Seekers Survival Kit to survive your next Job Search.