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Fidelity Cooperative Bank · 1 month ago

Mortgage and Equity Underwriter

Leominster, MA

Full-time

Hybrid

Mid Level

Fidelity Cooperative Bank is seeking a Mortgage and Equity Underwriter to assist in the loan process under the direction of the VP/Director of Mortgage Production. The role involves ensuring efficiency and compliance in the origination of first and second mortgage loans, while providing exceptional customer service and maintaining regulatory standards.

Banking

Responsibilities

Provides the highest level of customer service in a positive, courteous, and enthusiastic manner to employees, customers/clients, and the community

Availability to originating, processing, and closing staff as needed for questions and inquiries

Maintains a thorough knowledge of all Bank and Correspondent loan products, services, policies, and procedures, and helps to ensure compliance

Reviews new applications for accuracy, qualifications, and compliance to regulatory, program and Bank requirements

Evaluate mortgage and equity applications by analyzing borrower’s creditworthiness and making lending decisions up to established loan authority

Is responsible for the integrity and validation of all application and underwriting data verifying loan file is in accordance with secondary market feedback certificates and internal portfolio guidelines

Enters/updates data into Encompass and generates required documentation

Reviews and approves Property Appraisal for compliance with secondary market guidelines

Provides timely decisioning regarding pending mortgage and equity applications and is responsible for meeting the Bank’s service timelines for all loans originated. Works closely with mortgage production coordinator and originator, and other related parties. Updates parties regarding loan status and requests necessary information and documents. Provides department support and develops a working relationship with production and origination staff

Staying up to date with secondary market automated underwriting guidelines and correspondent process requirements

Cross-trained in the areas of loan set-up, processing, underwriting, and closing to offset workload during times of increased volume and vacation/PTO coverage

Responsible for verifying compliance and staying up to date with all state and federal compliance regulations including but not limited to RESPA, TILA, ECOA, Fair Lending, Dodd-Frank, and TRID

Other duties may be assigned

Qualification

Mortgage underwritingRegulatory complianceSecondary market guidelinesFHA/VA processesAnalytical skillsTechnical skillsCyber security awarenessCustomer serviceOrganizational skills