Workers Credit Union · 1 month ago
Senior Mortgage Underwriter
Littleton, MA, US
Full-time
Hybrid
Senior Level
$82K/yr - $123K/yr
5+ years expWorkers Credit Union is a well-established credit union committed to improving the daily lives of its members. The Senior Mortgage Underwriter is responsible for underwriting first mortgages and home equity loans, ensuring compliance with various guidelines and regulations while evaluating borrower creditworthiness.
BankingFinancial ServicesInsurance
Responsibilities
Underwrites first mortgage loans in compliance with all secondary market requirements, private mortgage insurance requirements, regulatory requirements and Workers Credit Union policies
Underwrites home equity loans in accordance with private mortgage insurance requirements, regulatory requirements and Workers Credit Union policies
Evaluates borrower creditworthiness and collateral to determine loan eligibility and assess overall risk to the credit union
Exercises sound judgment in approving, suspending, or denying loan applications based on a comprehensive risk analysis
Uses analytic tools (i.e. Collateral Underwriter, fraud prevention, etc.) in the risk assessment of the loan to determine requirements to meet legal and investor requirements
Ensures underwriting decisions align with the credit union’s risk appetite, lending policies, and regulatory requirements
Remains current on investor and mortgage insurance guidelines
Prepares commitment letter for home equity and first mortgage loans
Clears loans for closing by ensuring pre-closing conditions have been satisfied
Reviews and decisions subordination requests according to loan policy
Provides the origination staff with support for the review of preapprovals
Uses knowledge of investor and mortgage insurance guidelines along with loan policy to not only approve loans as submitted but to restructure loans as required to obtain an approval
Tracks key milestones such as contingencies, closing dates, and rate lock expirations; communicate proactively with all applicable teams
Collaborates with internal stakeholders to resolve complex loan issues and ensure timely decision-making
Prepares and issue revised Loan Estimates in compliance with TRID for any changes in circumstance
Maintains confidentiality of all data
Upholds the Workers Credit Union “Workers Way” culture through daily interactions and behaviors
Performs other duties as assigned to support departmental and organizational goals
Serves as a subject matter expert and resource for junior underwriters, providing guidance on complex loan scenarios, regulatory compliance, and internal procedures
Serves as a key decision-maker in loan policy exceptions, providing rationale and risk mitigation strategies
Supports the training and onboarding of new team members and temporary staff in collaboration with underwriting leadership
Takes ownership of high-volume or high-complexity pipelines including high-balance, non-conforming, or exception-based loans
Leads or participate in departmental initiatives aimed at improving underwriting efficiency, compliance, and member experience
Supports the implementation of policy updates, system enhancements, and procedural changes in coordination with mortgage underwriting leadership
Qualification
Required
High School Diploma or Equivalent Required
2-5 years of experience in secondary mortgage underwriting
Knowledgeable in real estate lending guidelines and regulations including secondary market
Skilled in evaluating borrower credit, collateral, and capacity in accordance with investor and regulatory guidelines
Proficient in using loan origination systems (LOS) and automated underwriting systems (AUS)
Known for sound judgment, attention to detail, efficiency in pipeline management, and effective communication with Originators, Processors, and Closers to ensure timely and accurate closings
Deep knowledge of mortgage products, investor guidelines, and regulatory requirements (including TRID, RESPA, and HMDA)
Proficient in loan origination systems (LOS), AUS platforms, and document management tools
Strong analytical and decision-making skills are essential for assessing credit risk and ensuring sound underwriting decisions
Must be detail-oriented, organized, and capable of managing multiple priorities
The role requires confidentiality, adaptability, and collaboration with internal teams to ensure efficient, compliant, and risk-aligned loan underwriting
Preferred
5-8 years of experience in secondary mortgage underwriting, including complex loan types such as jumbo, construction, non-conforming and portfolio products
Demonstrated ability to assess risk, make high-level credit decisions, and mentor junior underwriters
Experienced in leading underwriting process improvements and maintaining high-quality standards in a fast-paced environment
Recognized for attention to detail, leadership, and commitment to confidentiality and organizational values
Benefits
Comprehensive medical, dental and vision plans
Basic life and AD&D insurance, short-term disability and long-term disability
15+ days of paid time off (PTO) per year
Up to 16 hours of volunteer time off (VTO) per year
11+ paid holidays
401(k) that includes a Safe Harbor Match of up to 4%.
Tuition Reimbursement Program
Mental health resources including an Employee Assistance Program (EAP)
Individualized learning and development programs
Company
Workers Credit Union
Workers Credit Union provides banking and financial services.
201-500 employees
H1B Sponsorship
Workers Credit Union has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2022 (1)
Funding
Current Stage
Growth StageLeadership Team
Jay Champion
President & Chief Executive Officer
Ellie Fordyce
Chief People Officer
Recent News
WBJournal.com
2025-09-09
WBJournal.com
2025-06-03
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