Apply on Employer Site

Quincy Credit Union · 20 hours ago

Residential Mortgage Underwriter

Quincy, MA

Full-time

Onsite

Mid Level

3+ years exp

Quincy Credit Union is seeking a Residential Mortgage Underwriter responsible for making sound and compliant loan decisions. The role involves analyzing financial and collateral documentation to ensure underwriting decisions align with internal policies and regulatory standards.

BankingFinancial ServicesNon Profit

Responsibilities

Stay current on all secondary market underwriting and product guidelines relevant to Quincy Credit Union’s approved investors, as well as the residential lending products offered internally

Review loan applications and make appropriate lending decisions to approve, decline, counteroffer, or suspend applications in accordance with credit union and secondary market guidelines

Ensure all financial and collateral documentation meets required standards and adequately supports each loan decision

Review HMDA data, TRID and ARM information, and application dates to confirm accuracy; request revised disclosures when applicable

Analyze and sign off on credit, income, asset, and collateral documentation to confirm compliance with guidelines. Maintain loan authority, issue commitment letters, and present declined files for second review

Submit loans through automated underwriting systems (e.g., DU, MI) and create or maintain loan tracking conditions within Encompass

Collaborate with processors, loan officers, and closing staff to ensure all conditions are met and documentation is complete before key milestones, including closing

Qualification

Residential mortgage underwritingAnalytical skillsRegulationsEncompass experienceComputer skillsAttention to detailWritten communicationTeam player

Required

High school diploma or higher education

Three to Five years of residential mortgage loan underwriting experience

Ability to perform work with accuracy and attention to detail

Excellent analytical skills are a must, with the ability to analyze documents such as personal and business tax returns, appraisal reports, credit reports, asset statements, purchase and sales agreements, etc

Excellent written communication skills, with the ability to clearly support loan decisions being made

Thorough understanding of federal and local regulations and laws pertaining to lending

Team player who thrives in fast-paced environments, communicates effectively across departments, and ensures loan decisions are made with accuracy and integrity

Strong computer skills required