Senior Loan Underwriter
Company: East Cambridge Savings Bank
Location: Woburn
Posted on: April 1, 2026
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Job Description:
East Cambridge Savings Bank’s Lending Division is actively
recruiting for a Part-Time Senior Loan Underwriter. Function :
Under the general direction of the Vice President - Retail Lending
Manager, perform a variety of clerical and administrative tasks in
connection with the processing of Mortgage and Consumer loans. We
are looking for a candidate with: Knowledge of basic lending and
underwriting policies and procedures, including guidelines issued
by FNMA and FHLMC, as well as federal and state regulations.
Minimum of 3-5 years Mortgage Banking underwriting experience
required. Must have excellent organizational, analytical,
mathematical and problem solving skills. Must become a registered
MLO in accordance with the S.A.F.E. Act Good verbal and written
communication skills. Working knowledge of Microsoft Word and
Excel. Essential Job Functions : Responsible for reviewing loan
files and communicating with the Senior Loan Processor to ensure
that application data is complete for underwriting purposes.
Analyze applicant’s financial status, credit and property
evaluations to determine terms and conditions of approving the
loan. Independently interpret underwriting guidelines and keep
necessary parties informed of changes and updates. Recommend
approval of customer applications for residential loans or
extensions of real estate loan lines In the absence of the Mortgage
Loan Originator assist the customer with questions regarding the
loan application, terms of the loan and product information. Serve
as liaison with customers, brokers and attorneys to resolve
problems and to ensure that all documentation is accurate and
complete. Respond to inquiries to provide guidance and
clarification. Evaluate risk for each loan. Based on risk analysis,
make an underwriting decision for each loan with limits up to
secondary market guidelines. Ensure all decisions are accurately
reflected in board reports. Respond to Lending Policy inquiries
within scope of authority. Prepare application disposition
correspondence including commitment letters, adverse action notices
and corresponding appeal information; maintain status of all
applications for accurate preparation of Pipeline Report; receive
and transmit applicant's commitment and status updates to
conveyancing attorney, originators and other employees as needed
Responsible for audits of loan files prior to and after funding is
obtained. Serve as liaison with customers, brokers, correspondent
lenders, investors and attorneys to resolve problems and to ensure
that closing documentation is accurate and complete. Confer with
Management to aid in resolving mortgage application issues.
Responsible for verifying HMDA information for accuracy at loan
level. Keep abreast of residential and consumer loan products.
Comply fully with all federal, state and local laws and
regulations, policies and procedures, including but not limited to
the S.A.F.E. Act and its registration, renewal and updating
requirements. Keep abreast of all loan underwriting, processing and
closing tasks and assist as necessary to maintain smooth and
effective workflow and update the Bank’s policies Assist with
underwriting other loan products such as Consumer Loans, HELOCS,
Small Business Loans, etc. as needed. Supportive Functions: Perform
all related lending tasks and special projects as may be required
or assigned. Contact our Human Resources Division or visit
www.ecsb.com/careers for more details and to apply. Or submit your
resume to: Email: recruit@ecsb.com Fax: 617-252-6877 Phone:
617-354-7700 East Cambridge Savings Bank, Attn: Human Resources 344
Cambridge Street Cambridge, MA 02141 East Cambridge Savings Bank is
an Equal Opportunity Employer/Disabled/Veterans
Keywords: East Cambridge Savings Bank, Brockton , Senior Loan Underwriter, Accounting, Auditing , Woburn, Massachusetts
