Underwriting Manager

We are seeking an Underwriting Manager to oversee our underwriting staff in making timely decisions within established guidelines.

As the Underwriting Manager, you will remain informed about changes in the secondary market regarding underwriting and product changes and recommend changes as needed. Your strong leadership skills will allow you to conduct ongoing training for origination and processing and coach underwriting staff in areas of underwriting guidelines, software use, products, and procedures.

In this role you will be responsible for:

Underwriting Determination:

• Underwrite and decision more complex applications including self-employed borrowers.
• Ensure loans are underwritten timely and in accordance with agency, investor, regulatory and internal guidelines.

Secondary Market and Portfolio Underwriting and Product Guidelines:

• Responsible for keeping current with Secondary Market underwriting guidelines, products and fee changes. Recommend and maintain Portfolio underwriting and documentation guidelines.
• Maintain policies and procedures with updates in underwriting guidelines, documentation guidelines, settlement fees, and product changes.
• Manage relationships and performance with Private Mortgage Insurance Providers.

Training:

• Ensures effective usage of automated underwriting system; coordinates problem resolution and conducts ongoing training for effective usage.
• Conducts underwriting training for all residential products and procedures.
• Communicate investor or regulatory changes and impact to underwriting staff.

Supervises residential mortgage underwriters:

• Provide ongoing coaching, training, and performance management.
• Communicating objectives, reviewing and recommending procedures, and implementing bank policies.

Quality Control and Audit:

• Monitor underwriting loan quality and recommend any areas that may need additional training.
• Collaborate with Compliance and Retail Lending to support integrity of HMDA data.
• Adheres to and upholds all written policies and procedures of the Bank, including BSA/CIP and OFAC monitoring and reporting, security, operation, and personnel policies.
• This job description provides a general overview of the role and is not intended to be a comprehensive list of all duties and responsibilities.

What You Bring

• Five years of underwriting experience preferred
• Three years of supervisory experience preferred
• Strong leadership skills and regulatory knowledge
• Ability to use and working knowledge of computers/strong typing skills
• Good interpersonal communication
• Must maintain confidentiality and privacy
• Professional appearance; grooming and dress consistent with MB appearance policy

If you are interested in the role and do not meet 100% of the requirements, we are still interested in hearing from you!

Why Mascoma Bank?

• Strong culture of belonging with a team that values creativity, new perspectives and innovation.
• Community first minded, we are about our employees and the communities we serve.
• Competitive compensation.
• Flexible work environment with onsite, remote and hybrid opportunities.
• Career development and internal career mentorships.
• Comprehensive health, dental, and vision.
• 401(K) Program: 4% safe harbor employer match on top of 5% non-elective contribution following one year of service.
• Generous PTO starting at 22 days per year not including 11 paid holidays and 16 hrs. of Volunteer Time Off.
• Tuition Reimbursement.
• Student Loan Paydown and so much more!

Background and Credit Check

As part of our commitment to maintaining a secure financial institution, all final candidates will be required to successfully complete background and credit screenings as part of the hiring process. These screenings will be conducted in accordance with applicable laws and industry regulations.

Please note: Having a record on a background or credit report does not automatically disqualify you. We evaluate results on a case-by-case basis, taking into account their relevance to the role and any regulatory requirements.

Our Commitment to Belonging!

The communities served by Mascoma Bank consist of individuals from diverse backgrounds. Our employees likewise bring unique perspectives, experiences, and approaches to the bank. We strive to create a safe and welcoming environment for all who pass through our doors and a workplace that actively demonstrates mutual respect and trust, one of our core values. A truly inclusive culture leads to a sense of belonging and support for all team members and inspires innovation and creativity. We are committed to recruiting and retaining a diverse talent pool, increasing team member engagement through professional development and community outreach activities, and offering personal growth workshops and team-building opportunities. By embracing diversity, equity, and inclusion, we strengthen our communities and ourselves.

Mascoma Bank is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, ethnicity, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, veteran status, status as an individual with a disability, or other applicable legally protected characteristics. To request a reasonable accommodation, please contact careers@mascomabank.com.

Mascoma Bank is an Affirmative Action and Equal Opportunity Employer, M/F/D/V.