Hiring Range: $30.94-$49.73
The posted salary range reflects Eastern's expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.
The Mortgage Underwriter II is responsible for providing accurate and timely loan decisions based on an individual's credit history, financial position, and strength of collateral. This role ensures compliance with all regulatory requirements and investor guidelines while mitigating risk to the organization. Individuals in the role must have attained Direct Endorsement (DE) status from HUD and/or Staff Appraisal Reviewer (SAR) authority from the VA, and have an extensive understanding of FHA, VA and conventional guidelines.
Loan Analysis & Compliance
Conduct a thorough review of complete loan packages to ensure compliance with company policies, investor requirements, and FHA/VA guidelines.
Maintain up-to-date knowledge of all company, investor, and correspondent programs and requirements.
Decision-Making & Communication
Exercise loan approval authority up to established corporate limits
Communicate underwriting decisions clearly and professionally to all relevant parties, both verbally and in writing.
Risk Assessment & Documentation
Review residential appraisals for accuracy and compliance.
Calculate qualifying income, including detailed analysis of tax returns and financial statements.
Collaboration & Support
Provide guidance and interpretation to Sales and Processing teams on underwriting standards and specific loan files.
Offer training and coaching to Loan Officers as needed to ensure adherence to underwriting guidelines.
Post-Closing & Audit Response
Respond promptly to post-closing, insurance and audit reviews, ensuring timely resolution of any issues.
Productivity & Team Contribution
Support the underwriting team in achieving productivity goals while meeting individual turn times for new loans and condition reviews.
Assume additional duties as assigned, cross
PROBLEM SOLVING & DECISION MAKING:
The mortgage underwriter II is responsible for independently reviewing loan applications to determine eligibility in accordance with the bank's lending policies and applicable secondary market/investor guidelines. This role exercises sound judgment in analyzing complex financial documentation, resolving discrepancies, and ensuring compliance with regulatory and investor standards.
Education and Experience
Skills/Knowledge
At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunity for individual growth. As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us. We are proud to offer comprehensive compensation plans and a benefits program called Total Rewards that includes medical, dental, vision, life and disability insurance, retirement, vacation and tuition reimbursement.
Eastern Bank is an equal opportunity employer. All job applicants will be considered for employment without regard to race, color, religious creed, national origin, sex, sexual orientation, gender identity, genetic information, military service, age, ancestry, or disability.
At Eastern Bank, we are dedicated to building a diverse, equitable, inclusive and authentic workplace. If you're excited about this role but your experience doesn't fully align with every qualification, we still encourage you to apply! You may be just the right candidate for this position or others across the company. Our Recruitment team is waiting to chat with YOU.