Senior Residential Loan Underwriter

Job Description

Job Description

Description :

River Run is a shared services organization that supports banking affiliates, Newburyport Bank and Pentucket Bank. Together, we shape the evolution of community banking through innovation and strong partnerships, while preserving the personalized service our customers value. Here, you will discover opportunities for professional growth, make a meaningful impact in your local community, and join a team that champions integrity, collaboration, and continuous progress. This is community banking, evolved.

This is an on-site position.

Job Summary

Evaluates and makes decisions on complex residential and consumer loan applications, applying expert knowledge of portfolio and investor guidelines, internal policies, and regulatory requirements. Exercises advanced credit judgment to balance risk management with sound lending decisions while providing support to internal team members throughout the loan process.

Essential Job Functions

• Serves as a resource for junior underwriters and lending staff providing mentorship, training, and second-level reviews, as needed.
• Reviews and underwrites mortgage and consumer loan applications within delegated authority including highly complex transactions.
• Analyzes credit reports, income documentation, asset statements, appraisals, title work, and other supporting documents to assess loan eligibility.
• Ensures compliance with internal lending policies and procedures, Government-Sponsored Enterprises (GSE), such as the Federal National Mortgage Association (FNMA) and Freddie Mac (FHLMC), investor guidelines, and federal and state regulatory requirements.
• Issues loan approvals, suspensions, or denials with clear and concise conditions or reasons.
• Maintains current knowledge of portfolio and investor guidelines, regulatory requirements, and industry trends to ensure compliance, support sound decision-making, and mitigate risk.
• Works closely with loan officers, processors, and other team members to facilitate timely loan decisions and resolve underwriting issues.
• Maintains high standards of documentation and ensure files are audit ready.
• Responds to internal and external audits or quality control reviews by providing documentation, supporting information, and other materials as appropriate based on the scope and nature of the request.
• Supports ongoing improvement of underwriting procedures and operational efficiency by offering actionable feedback to management and collaborating across teams to enhance workflows and performance.
• Promotes a strong risk and compliance culture by adhering to regulatory requirements, following internal policies and procedures, identifying potential issues, and collaborating with cross-functional teams to ensure consistent application of risk-mitigation practices across the organization.
• Actively stays current on all Bank products, services, procedures, policies, and applicable regulatory and compliance requirements by regularly attending team meetings, completing mandatory training on schedule, and applying knowledge to ensure accuracy and compliance in daily operations.
• Ensures adherence to federal and state laws, regulations, and bank policies by preventing violations, minimizing risks, and safeguarding the Bank’s interests.
• Verifies transactions and account balances, ensuring compliance with bank policies and state and federal regulations and the Bank Secrecy Act (BSA), as applicable to the role.

Other Duties

Requirements :

Qualifications, Experience, and Education

River Run Services, LLC is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, ancestry, national origin, gender, sexual orientation, marital status, religion, age, disability, gender identity, results of genetic testing or service in the military.

If you are an individual with a disability and require a reasonable accommodation to complete the application process, you may contact Human Resources at hr@riverrun.com or call 978-462-3136.

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