Walpole Co
Residential Loan Underwriter
Location:
Employment Type:
Full-time | On-site
Are you an experienced mortgage underwriter with exceptional attention to detail and a strong understanding of compliance and customer service? Walpole Co-operative Bank is seeking a
Loan Underwriter
to support our residential mortgage and Home Equity Line of Credit (HELOC) programs.
In this key role, you’ll ensure every loan application—from processing through closing—is handled with accuracy, care, and in full compliance with federal and state regulations. You’ll work closely with customers, attorneys, and internal lending staff to deliver an exceptional borrower experience while upholding the Bank’s commitment to fair and responsible lending.
What You’ll Do As a Residential Loan Underwriter, you will:
Underwrite all
residential and HELOC mortgage applications , ensuring compliance with Bank policies, procedures, and all applicable federal and state laws.
Manage your loan pipeline by boarding new loans into the
Mortgagebot Loan Origination System (LOS) , sending incomplete letters within required timeframes, and meeting all financing and closing deadlines.
Communicate courteously and professionally with customers, attorneys, and internal lending staff to resolve questions and maintain satisfaction.
Review new applications for accuracy, ensure all required disclosures are provided, and verify compliance with
Qualified Mortgage (QM)
and
Ability-to-Repay (ATR)
regulations.
Analyze borrower financials, credit reports, and collateral documentation to determine loan feasibility in accordance with Bank policy.
Order and verify third‑party documentation including employment, asset, and credit verifications.
Run
automated underwriting systems
(Freddie Mac Loan Prospector) and verify
Private Mortgage Insurance (PMI)
eligibility as applicable.
Prepare and review loan commitments, denials, and related disclosures to ensure accuracy and regulatory compliance.
Perform loan audits and assist in preparing closing documents for residential and HELOC loans.
Maintain accurate data in LOS and secondary market systems, including appraisal submissions to the
Uniform Collateral Data Portal (UCDP) .
Stay current on regulatory and investor guideline changes to ensure adherence to compliance and fair lending standards.
Collaborate with the Residential Mortgage/CRA Officer on system updates, pricing changes, and process improvements.
Review
Home Mortgage Disclosure Act (HMDA)
data for accuracy prior to closing.
What You Bring
5+ years of residential loan underwriting experience
Strong working knowledge of
federal and state lending regulations , including QM/ATR and fair lending requirements
Experience with
Mortgagebot ,
DocMagic , and
Freddie Mac
selling systems preferred
Excellent analytical and problem‑solving skills with high attention to detail
Outstanding
communication and interpersonal skills
with a customer‑first approach
Ability to
manage multiple priorities , maintain accuracy, and meet deadlines
Proficiency in
Microsoft Office (Word, Excel, Outlook)
and comfort navigating multiple banking systems
Commitment to continuous learning, compliance training, and process improvement
A collaborative, team‑oriented mindset with a professional and positive attitude
What Sets Walpole Co‑operative Bank Apart We offer a supportive, team‑oriented culture where your contributions matter—and we back that up with benefits like:
Weekly pay
80% employer‑paid health, dental, and vision insurance , plus FSA and HRA programs
50% of your medical deductible paid
by the Bank
Exceptional retirement benefits
– for every $1 you contribute to your 401(k), the Bank contributes $2 (up to plan limits) and provides a
fully paid pension plan
Generous paid time off
Up to
$7,000 annually in tuition reimbursement
100% paid life insurance
and additional voluntary benefits
Compensation & Benefits This position offers a
competitive hourly pay range of $32.65 – $38.93 , based on experience, qualifications, and market data. Individual placement within the range reflects each person’s skills, experience, and expected contributions. We strive for fairness and consistency in all compensation decisions, with opportunities for pay growth over time through strong performance, expanded responsibilities, and continued professional development.
About Us Walpole Co‑operative Bank is proud to serve our local community with care and integrity. We are a high‑performing, financially sound institution where employees are valued and supported. Learn more about us at
www.walpolecoop.com .
Ready to Apply? If you’re looking for a meaningful role in a friendly, professional environment, we encourage you to apply!
Walpole Co‑operative Bank is an Equal Opportunity Employer.
#J-18808-Ljbffr
Employment Type:
Full-time | On-site
Are you an experienced mortgage underwriter with exceptional attention to detail and a strong understanding of compliance and customer service? Walpole Co-operative Bank is seeking a
Loan Underwriter
to support our residential mortgage and Home Equity Line of Credit (HELOC) programs.
In this key role, you’ll ensure every loan application—from processing through closing—is handled with accuracy, care, and in full compliance with federal and state regulations. You’ll work closely with customers, attorneys, and internal lending staff to deliver an exceptional borrower experience while upholding the Bank’s commitment to fair and responsible lending.
What You’ll Do As a Residential Loan Underwriter, you will:
Underwrite all
residential and HELOC mortgage applications , ensuring compliance with Bank policies, procedures, and all applicable federal and state laws.
Manage your loan pipeline by boarding new loans into the
Mortgagebot Loan Origination System (LOS) , sending incomplete letters within required timeframes, and meeting all financing and closing deadlines.
Communicate courteously and professionally with customers, attorneys, and internal lending staff to resolve questions and maintain satisfaction.
Review new applications for accuracy, ensure all required disclosures are provided, and verify compliance with
Qualified Mortgage (QM)
and
Ability-to-Repay (ATR)
regulations.
Analyze borrower financials, credit reports, and collateral documentation to determine loan feasibility in accordance with Bank policy.
Order and verify third‑party documentation including employment, asset, and credit verifications.
Run
automated underwriting systems
(Freddie Mac Loan Prospector) and verify
Private Mortgage Insurance (PMI)
eligibility as applicable.
Prepare and review loan commitments, denials, and related disclosures to ensure accuracy and regulatory compliance.
Perform loan audits and assist in preparing closing documents for residential and HELOC loans.
Maintain accurate data in LOS and secondary market systems, including appraisal submissions to the
Uniform Collateral Data Portal (UCDP) .
Stay current on regulatory and investor guideline changes to ensure adherence to compliance and fair lending standards.
Collaborate with the Residential Mortgage/CRA Officer on system updates, pricing changes, and process improvements.
Review
Home Mortgage Disclosure Act (HMDA)
data for accuracy prior to closing.
What You Bring
5+ years of residential loan underwriting experience
Strong working knowledge of
federal and state lending regulations , including QM/ATR and fair lending requirements
Experience with
Mortgagebot ,
DocMagic , and
Freddie Mac
selling systems preferred
Excellent analytical and problem‑solving skills with high attention to detail
Outstanding
communication and interpersonal skills
with a customer‑first approach
Ability to
manage multiple priorities , maintain accuracy, and meet deadlines
Proficiency in
Microsoft Office (Word, Excel, Outlook)
and comfort navigating multiple banking systems
Commitment to continuous learning, compliance training, and process improvement
A collaborative, team‑oriented mindset with a professional and positive attitude
What Sets Walpole Co‑operative Bank Apart We offer a supportive, team‑oriented culture where your contributions matter—and we back that up with benefits like:
Weekly pay
80% employer‑paid health, dental, and vision insurance , plus FSA and HRA programs
50% of your medical deductible paid
by the Bank
Exceptional retirement benefits
– for every $1 you contribute to your 401(k), the Bank contributes $2 (up to plan limits) and provides a
fully paid pension plan
Generous paid time off
Up to
$7,000 annually in tuition reimbursement
100% paid life insurance
and additional voluntary benefits
Compensation & Benefits This position offers a
competitive hourly pay range of $32.65 – $38.93 , based on experience, qualifications, and market data. Individual placement within the range reflects each person’s skills, experience, and expected contributions. We strive for fairness and consistency in all compensation decisions, with opportunities for pay growth over time through strong performance, expanded responsibilities, and continued professional development.
About Us Walpole Co‑operative Bank is proud to serve our local community with care and integrity. We are a high‑performing, financially sound institution where employees are valued and supported. Learn more about us at
www.walpolecoop.com .
Ready to Apply? If you’re looking for a meaningful role in a friendly, professional environment, we encourage you to apply!
Walpole Co‑operative Bank is an Equal Opportunity Employer.
#J-18808-Ljbffr