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Collateral Underwriter

The Federal Savings Bank, a national bank and “50 Best Companies to Work For” winner is currently seeking a Collateral Underwriter for our Appraisal Management department. The Collateral Underwriter at TFSB plays an important role in supplementing our frontline Underwriters in reviewing and evaluating appraisals. This position reports to our SVP of Appraisal Management.

Duties and Responsibilities:

  • Fully understand workflow within Mercury Network (appraisal platform) and Encompass so you can navigate in both platforms
  • Manage a daily pipeline of appraisals
  • Devise opinion on quality of appraisal and justification used by the Appraiser in determining a valuation
  • Review appraisal to determine if any revisions or updates are needed by the Appraiser
  • Keep informed on updates to Agency (FNMA & FHLMC), FHA, and VA appraisal guidelines

Job Requirements:

  • 4-year degree or commensurate mortgage experience
  • 2+ years’ recent experience in Collateral Underwriting or Frontline Underwriting
  • Favorable credit history and background
  • Applicants must demonstrate attention to detail, the ability to multitask, and a strict adherence to deadlines
  • Proficiency with Microsoft Office Suite
  • Knowledge of all appraisal guidelines and AIR requirements
  • SAR and/or DE or appraisal or appraiser review experience strongly preferred
  • Flexible with work schedules especially during peak volume periods & month-end
  • Excellent communication skills both inside and outside the organization
  • Must be an overall awesome person with a great sense of humor! 

 What We Offer:

  • Remote/work from home benefit
  • Base Salary and room for career advancement 
  • Generous Vacation days and sick days 
  • Health, Dental, and Vision insurance plans available
  • 50% 401k match
  • 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 sharpen your saw 
  • Employee recognition on a national scale
  • Small bank culture with big bank capabilities!

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
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