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Senior Mortgage Processor - Scottsdale

Mortgage Analysts / Loan Processors: Your career search stops here! The Federal Savings Bank (“TFSB”) is actively seeking an experienced mortgage loan processor in the Scottsdale, AZ area. At TFSB, the senior loan processing role is known as the "Underwriting Analyst". The Underwriting Analyst’s primary goal is to have first-time approval from Underwriting with minimal conditions. 

What We Offer:

  • Competitive salary plus industry-leading monthly bonus plan
  • Work/Life balance with work from home benefit after 90 days (During the COVID-19 pandemic most employees will be working remotely)
  • Generous Vacation days and sick time
  • Health, Dental, and Vision insurance plans are available
  • 50% 401k matching
  • Employee appreciation events (Pizza days, Food Truck days, Pajama day, annual Halloween costume contest, and holiday parties just to name a few)
  • Ongoing in-house training opportunities to broaden your industry knowledge
  • Employee recognition on a national scale
  • Small bank culture with big bank capabilities
  • Operations employees eligible for annual Chairman's Club trips

Duties and Responsibilities:

  • Daily utilization of "Encompass" loan origination systems and automated underwriting systems "DU/LP"
  • Set and maintain proper expectations with all parties on the loan file
  • Analyze package for completeness to ensure loan file meets investor guidelines
  • Analyze credit, income, asset, and collateral documents and submit files to underwriting
  • Clear loan conditions and communicate effectively with the Sales, Processing, and Underwriting team
  • Collaborate with Closing Processing Analysts to review & analyze title for all requirements and address issues, insurance coverage for the mortgagee
  • Maintain loan file compliance while managing pipeline as various volume levels
  • Work effectively under specific time constraints and meet end-of-month deadlines
  • Assist in the seamless transition of new Mortgage Bankers and operations employees to our model
  • Complete Bank's customer service training and apply to everyday communications with borrowers and mortgage bankers  
  • It is the responsibility of the Underwriting Analyst to review, analyze, and submit loan documents to Underwriting based on agency, investor, and company guidelines with a focus on efficiency and quality. 

Job Requirements:

  • High school diploma required, college degree preferred
  • 3 + years of recent Residential Mortgage Processing experience required
  • Recent Correspondent Lending experience strongly preferred
  • Knowledge of agency loan programs, investor loan programs, and underwriting criteria for government and conventional offerings
  • Experience processing FHA & VA loans strongly preferred
  • Experience managing a pipeline of 40+ Refinance or Purchase loans
  • Proficiency with Encompass loan origination software 
  • Ability to calculate income, including self-employed
  • Excellent interpersonal, communication, and time management skills
  • Ability to operate effectively & efficiently in high-pressure situations 
  • Ability to work well in a team environment, a team-player
  • All applicants must be flexible with their schedules, as they may be required to work after-hours, especially during peak volume periods 

Employee Benefits:

  • Base Salary commensurate with experience, plus bonus 
  • Generous paid time off, plus sick days
  • Comprehensive Health, Dental, and Vision insurance plans available; includes company paid life insurance
  • Competitive Flex Spending Accounts (FSAs)
  • Employee Assistance programs (EAPs) for financial planning, emotional support, legal guidance, and work-life solutions
  • Robust 401k matching
  • Employee appreciation events
  • Employee recognition on a national scale
  • A true team culture working towards one common goal; helping homebuyers finance their dream homes!

The Federal Savings Bank is an equal opportunity employer. Our success is derived from hiring individuals with true character and a focus on Efficiency, Quality, and Productivity.

The Federal Savings Bank is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status
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