Triumph HR ยท 3 weeks ago
Residential Loan Underwriter
Walpole, MA
Full-time
Onsite
Senior Level
$32.65/hr - $38.93/hr
5+ years expWalpole Co-operative Bank is a high-performing financial institution seeking a Residential Loan Underwriter to support their mortgage and HELOC programs. The role involves ensuring compliance with regulations, managing loan applications, and providing exceptional customer service throughout the underwriting process.
Human Resources
Hiring Manager
Courtney Fabiano
Responsibilities
Underwrite all residential and HELOC mortgage applications , ensuring compliance with Bank policies, procedures, and all applicable federal and state laws
Manage your loan pipeline by boarding new loans into the Mortgagebot Loan Origination System (LOS) , sending incomplete letters within required timeframes, and meeting all financing and closing deadlines
Communicate courteously and professionally with customers, attorneys, and internal lending staff to resolve questions and maintain satisfaction
Review new applications for accuracy, ensure all required disclosures are provided, and verify compliance with Qualified Mortgage (QM) and Ability-to-Repay (ATR) regulations
Analyze borrower financials, credit reports, and collateral documentation to determine loan feasibility in accordance with Bank policy
Order and verify third-party documentation including employment, asset, and credit verifications
Run automated underwriting systems (Freddie Mac Loan Prospector) and verify Private Mortgage Insurance (PMI) eligibility as applicable
Prepare and review loan commitments, denials, and related disclosures to ensure accuracy and regulatory compliance
Perform loan audits and assist in preparing closing documents for residential and HELOC loans
Maintain accurate data in LOS and secondary market systems, including appraisal submissions to the Uniform Collateral Data Portal (UCDP)
Stay current on regulatory and investor guideline changes to ensure adherence to compliance and fair lending standards
Collaborate with the Residential Mortgage/CRA Officer on system updates, pricing changes, and process improvements
Review Home Mortgage Disclosure Act (HMDA) data for accuracy prior to closing
Qualification
Required
5+ years of residential loan underwriting experience
Strong working knowledge of federal and state lending regulations, including QM/ATR and fair lending requirements
Excellent analytical and problem-solving skills with high attention to detail
Outstanding communication and interpersonal skills with a customer-first approach
Ability to manage multiple priorities, maintain accuracy, and meet deadlines
Proficiency in Microsoft Office (Word, Excel, Outlook) and comfort navigating multiple banking systems
Commitment to continuous learning, compliance training, and process improvement
A collaborative, team-oriented mindset with a professional and positive attitude
Preferred
Experience with Mortgagebot, DocMagic, and Freddie Mac selling systems
Benefits
Weekly pay
80% employer-paid health, dental, and vision insurance, plus FSA and HRA programs
50% of your medical deductible paid by the Bank
Exceptional retirement benefits - for every $1 you contribute to your 401(k), the Bank contributes $2 (up to plan limits) and provides a fully paid pension plan
Generous paid time off
Up to $7,000 annually in tuition reimbursement
100% paid life insurance and additional voluntary benefits
Company
Triumph HR
At Triumph HR, we empower small to mid-sized businesses with tailored HR solutions designed to drive business growth and employee engagement.
0-1 employees
Funding
Current Stage
Early StageCompany data provided by crunchbase