Essex Savings Bank, established in 1851, has a rich history of providing financial services to the communities along the Connecticut River. Our commitment to personal relationships and community investment drives us to offer a comprehensive range of banking products, including mortgage services that help our customers build their futures.

Summary

We are seeking a highly experienced and detail-oriented Sr. Mortgage Underwriter to join our team. This role requires a strong understanding of mortgage underwriting, regulatory compliance, and secondary market guidelines.

Key Responsibilities

• Incumbent has high degree of experience and accuracy to handle all facets of residential mortgage/loan underwriting, including but not limited to the review and  verification of loan applications and supporting documentation according to the Bank’s underwriting guidelines and policies, regulatory guidelines, and secondary market guidelines as appropriate.
• Assess borrower creditworthiness by evaluating financial statements, credit reports, appraisals, and other relevant data.
• Underwrite complex loan applications, ensuring accuracy and adherence to bank policies.
• Manage all underwriting phases, including financial analysis, employment and deposit verification, appraisal reviews, and loan presentation preparation.
• Identifies issues and recommends appropriate resolution within Bank policy.
• Experience with Freddie Mac/Loan Product Advisor. Confirms appropriate approvals and documentation in file. Monitor loan portfolio to ensure timely submission of files and meeting deadlines.
• Collaborate with Residential Processor/Underwriter throughout the life cycle of the loan, providing information, updates and assistance as required.
• Understanding of all regulatory and compliance issues and Freddie Mac requirements. Assists in sales and loan delivery to secondary market.
• Conduct ongoing training to loan officers on secondary market processes and policy updates.
• Deliver quality customer service – for both internal and external customers, as it relates to loan and mortgage origination inquiries and research issues.

Qualifications:

• Maintain and update processing tools to support underwriting operations.
• Qualifications
• 5-7 years related experience; or equivalent combination of education and experience.
• Sound knowledge of Word, Excel, loan software, and data center software required to perform this job successfully.
• Experience with Freddie Mac/Loan Product Advisor.
• Encompass experience a plus.

Education:

• Bachelor’s Degree in Business or Finance is preferred or equivalent combination of education and experience.

If you are ready to make a meaningful impact in the lives of our customers while advancing your career in the banking industry, we invite you to apply for the Senior Mortgage Underwriter position at Essex Savings Bank today!  Submit your resume to essexsavings@essexsavings.com.