What are the responsibilities and job description for the Mortgage and Consumer Underwriter position at Bay State Bank?
Company Overview :
Established in 1895, Bay State Savings Bank is an approximately $500MM, Massachusetts-based mutual Bank. BSSB has six branch locations in central Massachusetts and operates one education branch within a high school. BSSB is the only remaining mutual savings bank originally headquartered in Worcester, Massachusetts. BSSB is a value-driven organization committed to international actions and investments that position the Bank as the communities’ preferred choice for Banking.
Position Description :
Under the general supervision of the Vice President – Retail Lending, the Mortgage and Consumer Underwriter is responsible for the timely underwriting of residential mortgage loan applications, home equity loans and consumer loans. Approves loans within designated authority. Makes recommendations for approval or denial on loans above authority. Responsible for departmental reporting and the timely review of documentation to contribute to overall customer satisfaction.
Key Responsibilities :
- Responsible for pipeline management to ensure timely underwriting of mortgage and consumer applications.
- Maintaining a thorough knowledge of compliance with regulatory developments as they affect mortgage and consumer lending. Exhibits proficiency in Secondary Market guidelines, Automated Underwriting systems and Mortgage Insurance provider requirements with an ability to interpret findings and make sound underwriting decisions.
- The underwriter will perform a detailed review of residential 1
mortgage loan applications, home equity loans, home equity lines of credit, personal unsecured loans, Mass Save Heat Loans, auto loans and passbook loans.
Qualifications, Education and Experience :
