Middlesex Savings Bank

Senior Mortgage Underwriter

1 week ago(1/8/2018 2:47 PM)
Req #
Retail Lending - Retail Lending Operations
Position Type
Full Time
Standard Working Hours
Monday - Friday 8:30 -5:00pm


Responsible for the timely and accurate underwriting of residential mortgage and consumer loan applications, including the more complex and/or sensitive transactions, in conformance with established bank policies, objectives and regulatory requirements.  Provides support to department management, completing assigned projects and providing training and supervision to department members as requested.  Performs any functions, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers and co-workers.


  • Underwrites residential mortgage and consumer loan requests within scope of lending authority.  Handles the more complex loans, including those with substantial commercial relationships.  Analyzes and summarizes the applicants’ credit worthiness and asset quality, making recommendations for loans outside of lending authority, and/or where a policy exception may be justified.  Assists bank personnel in clarifying unusual loan situations and provides alternative solutions to meet customers’ needs. 
  • Oversees the flow and timeliness of assigned pipeline, as well as the service levels provided to the customers.  Ensures that critical targets are met such as rate lock, commitment and closing dates.  Helps to determine potential issues in advance, and to communicate them to applicants, originators, loan processing staff and Loan Servicing. Assists others within the department in doing the same.
  • Ensures that assigned transactions are handled consistent with bank policies and procedures, including those for information security, as well as state and federal regulatory requirements.  Attends and/or completes relevant courses and seminars.
  • Ensures that the appropriate pricing is applied to assigned transactions in order to meet bank profitability and fair lending standards.  Provides expertise and assistance to Secondary Marketing Department on pricing matters as may be requested. 
  • Helps to formulate and institute “best practices” for department.  Participates in the development and updating of policies and procedures, and in particular, residential mortgage and consumer loan underwriting standards and guidelines.
  • Reviews and approves loan modification, subordination and/or release requests for current residential mortgages. 
  • Resolves post closing loan stipulations to facilitate the loan delivery to the intended investor.
  • Remains current on industry underwriting standards, including those of the secondary market and mortgage insurance providers. 
  • Provides training for origination and processing staffs as requested, and is a source of information for all bank personnel. 
  • Responsible for the integrity of the data input into the loan origination system for all assigned loans, including HMDA data.  Assists in the validation of HMDA information on loans assigned to others.
  • Provides support to loan processing and closing staff, assisting with daily duties and processing and/or closing loans as may be required from time to time. 
  • Generates referrals for origination staff; assists in referral source development and provide referrals to other departments of the bank.
  • Performs related and unrelated duties as may be required.



  • Associates degree or its equivalency in specialized course work and training in lending.  
  • A minimum of five years experience underwriting mortgage and/or consumer loans with a demonstrated expertise in secondary market and MI guidelines and regulatory requirements.  
  • Strong communication, organizational, and analytical skills.  
  • Must be able to deal with people in a confidential and professional manner.
  • Must possess at least intermediate technology skills, including knowledge of word processing, database and spreadsheet applications.


Middlesex Savings Bank is an EOE AA M/F/Vet/Disability organization


Search Firm Representatives, Please Read Carefully: Middlesex Savings Bank does not accept unsolicited resumes from search firms for this or any employment opportunity.


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