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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 homeownership. The ideal Underwriter candidate is a self-starter with proven experience in all aspects of residential mortgage underwriting and sound decision-making ability. 

What We Offer:

  • Both remote and in-office opportunities are available 
  • Competitive salary plus unmatched monthly bonus incentive
  • Generous Vacation days and sick days 
  • Robust Health, Dental, and Vision insurance plans & 401k matching are available
  • Company-paid life insurance
  • Ongoing in-house training opportunities to broaden your industry knowledge
  • Employee recognition on a national scale; you are more than "just a number"
  • A work family that is genuinely invested in your happiness and success
  • Smooth Onboarding experience with full home office set up for remote employees 
  • Career advancement - we promote from within!

Duties & Responsibilities:

  • Underwrite three or more new loans per working day (GREAT bonus potential)
  • Specialize in underwriting conventional conforming, non-conforming, and portfolio loans
  • Specialize in underwriting (Credit review) of government loans, specifically VA loans & some FHA 
  • 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 
  • 3+ years of recent Government Underwriting (Credit Review) experience 
  • 7+ years of recent frontline Underwriting experience
  • Thorough understanding of agency guidelines, products, and regulatory changes 
  • Must have experience working with multiple investors and guidelines 
  • Encompass experience required
  • Advanced proficiency with DU/LP
  • Comfortable with 3-5 full reviews daily plus resubs
  • Direct Endorsement (DE) preferred 
  • SAR/LAPP designations preferred 
  • High attention to detail and ability to multitask
  • Flexible with work schedules especially during peak volume periods & month-end.
  • 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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