What are the responsibilities and job description for the Residential Loan Processor / Underwriter position at Essex Bank?
We are seeking a motivated and detail-oriented Residential Loan Processor/Underwriter to join our team at a local mutual savings bank. The ideal candidate is customer-focused, organized, and possesses strong analytical and communication skills. This role is responsible for managing all facets of the residential mortgage process from application through underwriting while ensuring compliance with internal guidelines, bank policies, and regulatory requirements.
Responsibilities include:
· Manage all phases of residential mortgage origination, including data entry, documentation, and file preparation.
· Conduct upfront review of applications and make initial credit decisions based on company checklists and guidelines.
· Order and review appraisals, credit reports, title searches, tax transcripts, and flood certifications.
· Prepare early disclosures, commitment letters, and handle changes in loan circumstances. Ensure files are complete and compliant prior to submission for final underwriting or closing.
· Interface with lenders, customers, and service providers to gather required documentation and resolve issues.
· Assist with underwriting preparation including employment and income verifications, bank statements, and tax returns.
· Support post-closing team to finalize commitment letter conditions and ensure smooth loan closings.
· Assist with compliance-related duties, and other month-end management reports and other administrative duties.
Qualifications:
The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
· Strong analytical, organizational, and problem-solving skills.
· Ability to work independently in a fast-paced environment.
· Excellent written and verbal communication skills with a strong attention to detail.
· Knowledge of Freddie Mac underwriting guidelines, or willingness to learn.
· Proficiency in Microsoft Word, Excel, loan origination software and data center systems.
Education and/or Experience:
High school degree and one to two years of experience in residential mortgage processing, underwriting, or a related field preferred.
DISCLAIMER: The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to the job.
We offer competitive pay, benefits and an excellent working environment. Submit resumes to Essex Bank Human Resources PO Box 950 Essex CT 06426.
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.
Job Type: Full-time
Pay: $48,000 - $65,000 per year
Job Type: Full-time
Pay: $48,000.00 - $65,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
Work Location: In person
Salary : $48,000 - $65,000