Mortgage Underwriter

Job Title

Mortgage Underwriter

• This role offers a flexible work arrangement.
• Candidates residing outside of New England may work 100% remotely.
• States where remote work is supported:
  Maine, Vermont, New Hampshire, Massachusetts, Rhode Island, Connecticut, Florida, Georgia, North Carolina, Colorado, and Virginia.
• Candidates located within New England are expected to follow a hybrid schedule, combining remote work with on‑site days at our Littleton, MA headquarters.

• Underwrites first mortgage loans in compliance with all secondary market, private mortgage insurance, regulatory, and company policies.
• Underwrites home equity loans in accordance with private mortgage insurance, regulatory, and company policies.
• Evaluates borrower creditworthiness and collateral to determine loan eligibility and assess overall risk.
• Exercises sound judgment in approving, suspending, or denying loan applications based on a comprehensive risk analysis.
• Uses analytic tools (e.g., Collateral Underwriter, fraud prevention) to assess risk and meet legal and investor requirements.
• Ensures underwriting decisions align with the credit union’s risk appetite, lending policies, and regulatory requirements.
• Remains current on investor and mortgage insurance guidelines.
• Prepares commitment letters for home equity and first mortgage loans.
• Clears loans for closing by ensuring pre‑closing conditions have been satisfied.
• Reviews and decides on subordination requests according to loan policy.
• Provides the origination staff with support for the review of pre‑approvals.
• Uses investor and mortgage insurance guidelines to restructure loans when required to obtain approval.
• Tracks key milestones such as contingencies, closing dates, and rate lock expirations; communicates proactively with all applicable teams.
• Collaborates with internal stakeholders to resolve complex loan issues and ensure timely decision‑making.
• Prepares and issues revised Loan Estimates in compliance with TRID for any changes in circumstance.
• Maintains confidentiality of all data.
• Upholds the Workers Credit Union “Workers Way” culture through daily interactions and behaviors.
• Performs other duties as assigned to support departmental and organizational goals.

• May be asked to provide coverage in other branches or departments.
• Adhere to all policies and procedures, including security compliance and fraud risk mitigation.
• Participates in department and/or organizational projects as directed.
• Performs other tasks or functions as required, requested, necessary or prudent.
• Maintains confidentiality of all member and credit union information and data.
• Regularly demonstrates behaviors as defined by the credit union’s Fundamentals.

• Education: High School Diploma or Equivalent Required.
• Experience: 2-5 years of secondary mortgage underwriting; knowledgeable in real‑estate lending guidelines and regulations, including secondary market; skilled in evaluating borrower credit, collateral, and capacity; proficient in using loan origination and automated underwriting systems; sound judgment, attention to detail, and effective communication with originators, processors, and closers.

• Pay Grade: 11
• Pay Grade Range: $72,072.62 - $90,090.83 (actual compensation may vary based on experience, performance, and other factors).
• Comprehensive medical, dental, and vision plans.
• Basic life and AD&D insurance, short‑term and long‑term disability.
• 15+ days of paid time off per year.
• Up to 16 hours of volunteer time off per year.
• 11+ paid holidays.
• 401(k) with Safe Harbor Match up to 4%.
• Tuition reimbursement program.
• Mental health resources including an Employee Assistance Program.
• Individualized learning and development programs.

Workers Credit Union is an equal opportunity employer committed to creating an inclusive environment where all individuals feel respected, valued, and supported. We believe that diverse perspectives strengthen our organization and enhance our ability to serve our members and communities.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, disability, or any other protected characteristic under applicable law.