Thank you for visiting our Career Page. Please review our open positions and apply to any that match your qualifications. If you do not see a position in your area or would like to request additional information please contact: Recruiting@thefederalsavingsbank.com
The Federal Savings Bank, a national bank and 4-time “50 Best Mortgage Companies to Work For” winner, is actively searching for an experienced loan processing professional to assist with the timely processing of residential mortgage loans for the upcoming Chandler, AZ office.
What We Offer:
Competitive salary plus an industry-leading bonus plan
Generous vacation days and sick days
Health, Dental, and Vision insurance plans are available
Virtual classroom training modules to broaden your industry knowledge
An amazing & unique culture; small-bank feel with big bank capabilities!
Our 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. 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.
Duties and Responsibilities:
Set and maintain proper expectations with all parties on the loan file
Communicate with Borrowers, Junior Processing Analysts, and Bankers to obtain required loan documentation
Analyze package for completeness to ensure loan file meets investor guidelines
Analyze credit, income, asset, and collateral documents and submit files to underwriting
Calculate income for qualifying, including self-employed income analysis if needed
Clear loan conditions and communicate effectively with the Sales, Processing, and Underwriting team
Analyze Underwriting approval
Collaborate with Closing Processing Analysts to review & analyze title for all requirements and address issues, insurance coverage for the mortgage
Daily utilization of "Encompass" loan origination systems and automated underwriting systems "DU/LP"
Effectively manage loan pipeline at various volume levels
Complete internal compliance certification programs on applicable State/Federal regulations
Assist in the seamless transition of new Mortgage Bankers and operations employees to our model
Work effectively under specific time constraints and meet end-of-month deadlines
Operate in a fast-paced environment
Complete Bank's customer service training and apply principles to everyday communications with borrowers and mortgage bankers
High school degree required
3 + years of recent Residential Mortgage Processing experience required
Recent Correspondent Lending experience preferred
Knowledge of agency & investor loan programs and underwriting criteria for government and conventional offerings required
Experience managing a pipeline of 40+ Purchase and Refinance loans
Proficiency with Encompass loan origination software preferred
Proficiency with Automated Underwriting Systems; DU/LP
Detail-Oriented & Solution-Oriented
Excellent Interpersonal, Communication, and Time Management Skills
Ability to maintain composure and operate effectively in high-pressure situations
Ability to calculate income, including self-employed
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
Bilingual or Multilingual professionals are always a plus!
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 that respects its employees and understands that 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