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Senior Mortgage Underwriter

Mortgage Underwriters: The grass really IS greener at The Federal Savings Bank (“TFSB”)!  Here's why:

At The Federal Savings Bank doing good for customers, allows us to do well for our families. Our organization thrives when we fulfill our purpose. As a Sr. Mortgage Underwriter, you are a vital piece of a loan manufacturing process that helps people achieve their dreams of home ownership. The ideal candidate is a self-starter with proven experience in all aspects of residential mortgage underwriting and sound decision making ability. 


Duties & Responsibilities:

  • Underwrite two or more new loans per working day 
  • Specialize in underwriting conventional conforming, non-conforming, and portfolio loans
  • Specialize in underwriting government loans, specifically FHA & VA loans
  • Daily use of Encompass loan origination system
  • Daily use of automated underwriting systems (AUS) DU & LP
  • Effectively communicate conditions and decisions with bankers, processing analysts, closers, investors and auditors as needed
  • Stay informed on current agency & government loan guidelines, products and recent regulatory changes
  • Underwrite all loans in compliance with agency and secondary market investor guidelines
  • Complete "Service. Excellence. Experience."  customer service and culture training 

Job Requirements:

  • 4 year college degree OR commensurate mortgage experience 
  • 5+ years of recent frontline Mortgage Underwriting experience 
  • 3+ years of recent Government Loan Underwriting experience 
  • Thorough understanding of agency guidelines, products, and regulatory changes 
  • Experience working with multiple investors and guidelines required
  • Encompass experience strongly preferred
  • Advanced proficiency with DU/LP
  • Comfortable with 3-5 full credit reviews daily 
  • Direct Endorsement (DE) strongly preferred 
  • SAR/LAPP designations strongly preferred 
  • High attention to detail and ability to multitask
  • Flexible with work schedules especially during peak volume periods
  • Excellent Interpersonal, Communication, and Time Management Skills
  • Effective Problem Solver
  • Favorable credit history and background
  • Razor sharp wit and a wicked awesome sense of humor (not necessarily a requirement...but we can dream)


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. 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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