Underwriter (5524)

Job DetailsJob Location: Danvers, MA Office - Danvers, MA 01923Position Type: Full TimeEducation Level: High SchoolSalary Range: $43.00 - $51.00 HourlyTravel Percentage: NonePosition Summary At NewFed Mortgage, we believe that buying a home should be empowering — not overwhelming. Our mission is to provide a streamlined, transparent mortgage experience, backed by a team that truly cares. We foster a culture of integrity, collaboration, accountability, and continuous improvement, and we know that delivering on that mission begins with having skilled professionals in key roles. As a Mortgage Underwriter, you’ll play a critical part in maintaining loan quality, ensuring compliance, and supporting our sales and operations teams. You’ll review and underwrite Conventional, FHA, and VA loans and, ideally, bring experience with a broader range of products including USDA, Bond/HFA, Jumbo/Non-Agency, or Non-QM loans. In this fully remote role, you’ll be responsible for clear communication, timely decision-making, and a thorough, guideline-driven review process that keeps loans moving forward without compromising quality. Key Responsibilities Underwrite new loans and generate conditions in alignment with NewFed’s service-level standards. Evaluate borrower qualifications and loan documentation for completeness, accuracy, and compliance with investor, agency, and company guidelines. Underwrite FHA, VA, and Conventional loans; experience with USDA, Bond/HFA, Jumbo, or Non-QM programs is a plus. Communicate loan decisions, underwriting conditions, and guidance clearly and professionally with processors and loan officers. Maintain up-to-date knowledge of agency and investor guidelines, overlays, company products, and risk assessment tools. Review credit reports, income documentation, asset statements, preliminary reports, judgements, bankruptcy documents, appraisals, title work, and legal disclosures. Demonstrate proficiency in manual underwriting practices and in assessing complex borrower scenarios. Partner with Quality Control, Compliance, Post-Closing, and Funding to resolve issues and ensure final file quality. Finalize underwriting decisions by documenting approvals and uploading all necessary documents into the LOS (Encompass). Participate in risk mitigation by staying current on fraud prevention tools, industry trends, and secondary market developments. Foster a collaborative and respectful working relationship with sales, operations, and management teams. QualificationsSkills and Qualifications High school diploma or equivalent. 5+ years of mortgage underwriting experience required, ideally in a purchase-focused, retail lending environment. 5+ years of credit and appraisal experience covering FHA, VA and Conventional Loan Programs required. FHA DE required; VA LAPP/SAR preferred. Experience in underwriting for a broad range of products, including Non-QM, USDA, and state housing/bond programs, is highly preferred. Deep understanding of agency/investor guidelines, compliance standards, and fraud prevention tools. Strong technical proficiency with Encompass LOS and other mortgage banking software preferred. Technical proficiency with the Microsoft Office Suite. Excellent analytical, critical thinking, and decision-making skills. Effective communication skills with a customer-first mindset. Strong attention to detail and organizational skills, with the ability to prioritize in a fast-paced, deadline-driven environment. Demonstrated ability to manage cross-functional relationships and contribute to a positive, solutions-oriented culture. Physical and Work Environment Requirements This is a remote position requiring a private, professional workspace and reliable high-speed internet access. Must be able to work for extended periods at a desk using a computer, telephone, and other standard office equipment. Must be comfortable working across multiple digital platforms, systems, and communication tools. Occasional extended hours may be needed during peak periods or month-end deadlines. Compensation & Benefits Salary Range: Competitive hourly rate ranging from $43.00 - $51.00 per hour, commensurate with skills, qualifications, and certifications. Bonus Plan: Monthly bonus opportunity based on file quality, production volume, and adherence to service-level timelines. Wage Disclaimer: The wage range listed for this position represents NewFed Mortgage’s good-faith estimate of the range of possible compensation at the time of posting. Actual compensation may vary based on factors such as experience, education, skill level, and location. Benefits Eligibility: Full-time employees are eligible to participate in NewFed’s benefits package and 401(k) plan on the first of the month following 30 days of employment. Paid Time Off: Includes vacation, sick, personal time, and company holidays to support a healthy work-life balance. 401(k) Plan: Includes a company match to support long-term financial goals. The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. NewFed Mortgage is an Equal Opportunity Employer. Apply tot his job