Mortgage Loan Underwriter

Monson Savings Bank is seeking an experienced Mortgage Loan Underwriter who thrives in a collaborative environment and is ready to make a meaningful impact. Monson Savings Bank is more than a financial institution-we are a trusted community partner committed to helping individuals and families achieve their homeownership goals.

Position Overview


The Mortgage Loan Underwriter is responsible for evaluating residential mortgage and consumer loan applications to ensure sound credit decisions and compliance with Bank policies, FNMA/MassHousing guidelines, and regulatory requirements. This role plays a key part in maintaining loan quality, managing pipeline flow, and partnering with internal teams to deliver timely, efficient loan processing.


Key Responsibilities
• Review and underwrite mortgage and consumer loan applications, including analysis of credit, income, assets, and collateral
• Make approval and denial decisions within delegated authority and issue commitment letters
• Ensure compliance with Bank policy, FNMA, MassHousing, and applicable federal and state regulations
• Provide guidance and clarification to loan originators and processors to improve loan quality and reduce delays
• Review appraisals and other documentation for accuracy and completeness
• Manage a consistent pipeline to meet turnaround and service expectations
• Support secondary market functions including pricing, commitments, and loan delivery


Qualifications


Associate's Degree in Business or related field and minimum two years mortgage loan underwriting experience; or equivalent combination of education and experience

• Strong knowledge of mortgage underwriting guidelines and lending regulations
• Strong organizational skills with high level of accuracy and attention to detail
• Ability to prioritize and manage time and multiple responsibilities while meeting established deadlines.
• Strong analytical and decision-making skills
• Excellent verbal and written communication skills with demonstrated report writing skills
• Interacts with others in an effective and professional manner, with a team approach to work responsibilities

Salary Range: $33 - $38 per hour


Join our growing and dynamic team! We are a successful community bank dedicated to our customers, associates and communities!


Benefits include paid time off, 401(k) with company match, suite of insurance benefits including medical, dental and more! This is a great opportunity to join a successful, local bank that has a rich history of investing in employees and local communities for more than 150 years!


Monson Savings Bank is an Equal Opportunity Employer to all protected groups, including protected veterans and individuals with disabilities.


Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential position functions.


JOB CODE: MLU051826