Residential Mortgage Underwriter

Description

Under the direction of the Director of Residential Lending, the Mortgage Underwriter is responsible for making sound and compliant loan decisions on behalf of Quincy Credit Union and its secondary market investors. This role involves analyzing financial and collateral documentation to ensure each underwriting decision aligns with internal policy, investor requirements, and regulatory standards.
This is an on-site position in Quincy, MA.

· 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.

• 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.
• Experience with Encompass a plus.

Quincy Credit Union is proud to be an Equal Opportunity Employer and is committed to fostering a diverse and inclusive workplace.