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Director - Commercial Mortgage Loan UW- Canton, MA

Boston Mutual Life Insurance Canton, MA

Director - Commercial Mortgage Loan UW

Salary Range: $95,000.00 To 120,000.00 Annually


The role of the Director – Commercial Mortgage Loan Underwriting and Business Development is responsible for managing and growing Boston Mutual’s commercial mortgage loan portfolio in alignment with Boston Mutual’s high standards.   Primary responsibilities include: generating leads, reviewing loan requests, underwriting and committing loans, underwriting modifications, and overseeing loan closings.    The Director will be an active member within the Enterprise Risk Management team.

 The Director – Commercial Mortgage Loan Underwriting and Business Development is expected to: 

  • Review all loan opportunities and provide quotes on those that are in line with Boston Mutual’s standards.
  • Develop and maintain strong relationships with mortgage loan correspondents, brokers and borrowers.
  • Work with our relationships to build a robust loan opportunity pipeline.
  • Prepare Letters of Interest outlining proposed principal loan terms for acceptance by borrower. 
  • Perform underwriting of potential commercial mortgage loans including tenant and lease review, cash flow analysis, analysis of property location and real estate quality, property valuation, and review and analysis of borrower / guarantor financial statements and tax returns.
  • Prepare Loan Proposals for review by Second Vice President and submission to the Finance Committee of the Board of Directors
  • Prepare Loan Commitment Letters providing the detailed terms of an approved loan for acceptance by borrower.
  • Conduct property inspections of approved loans.
  • Review MAI appraisals and various other third party property reports for content and quality.
  • Oversee the loan closing process.
  • Oversee the monitoring of existing loans to ensure continued high quality.
  • Review, analyze and prepare recommendations for modification requests on existing loans.
  • Assist in the loan servicing functions as needed and for cross training purposes.
  • Actively contribute as a key member of the Enterprise Risk team. 
  • The evaluation of risk related activities may be assigned as appropriate. 
  • Assist in report compilation.
  • All other duties as assigned. 


Education:   Bachelor’s Degree (accounting or finance preferred).

Experience:   Five years or more of commercial mortgage lending experience required.

Location: Remote applicants will be considered

Knowledge Requirements: 

  • Strong commercial real estate underwriting and lending knowledge.  An understanding of multiple property types is preferred.
  • Excellent analytical skills.
  • Strong skills using MS Excel.
  • Excellent written/verbal communication and presentation skills.
  • Excellent interpersonal skills and the ability to effectively build and extend relationships. 
  • Demonstrated proactive approaches to problem solving with a strong decision-making capacity; demonstrated ability to take initiative with a “can do” attitude.
  • Strong organizational skills that reflect ability to perform and prioritize multiple tasks seamlessly with focused attention to context, substance and detail.
  • Shows initiative with the ability to create and implement changes that will improve workflow.
  • Experience developing sales pipelines and established relationships is a plus.


We returned to the office in May 2022, employees are required to be in office on Mondays and Thursdays at this time. There may be times in which employees are requested to come on site more days during the week based on business need.

Boston Mutual is an equal opportunity employer. Boston Mutual is an equal opportunity employer, and does not discriminate on the basis of race, color, age, religious creed, national origin, ancestry, sex, sexual orientation, gender identity, genetic information, disability, military service, veteran status, family status, pregnancy, or any other characteristic protected by federal or state laws. Boston Mutual is a drug-free workplace, and any offer extended will be contingent upon appropriate results of a drug test.

Instant Answers
providedProvided by company
Full-time Employee
Date Posted May 19, 2023
Date Closes June 18, 2023
Start Date March 27, 2023
Located In Canton, MA
Job Type Full-time Employee
Shift Custom
SOC Category 11-1011.00 Chief Executives
Zipcode 02021

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