Description
The Federal Savings Bank (“TFSB”) is actively searching for experienced mortgage loan processing professionals to support our Oak Brook, IL office and top consumer direct lending team.At TFSB, the senior loan processing role is known as the "Underwriting Analyst". The Underwriting Analyst’s primary goal is to have a first-time approval from Underwriting with minimal conditions. It is the responsibility of the Underwriting Analyst to review, analyze, and submit loan files to underwriting based on agency, investor, and company guidelines with a focus on efficiency and quality.
This position is based in our Oak Brook, IL office; ideal candidates are able to work hybrid/in-office part of the week, however fully remote candidates who do not live a commutable distance to the office will also be considered.
What We Offer:
- Generous time off
- Company culture that fosters work/life balance
- Robust Health, Dental, and Vision insurance plans and company-paid life insurance
- 401k match with cap
- Competitive salary plus the BEST monthly bonus plan in the biz!
- In-house virtual training opportunities to broaden your industry knowledge
- Employee recognition on a national scale with incentives
- Big bank capability, small-bank feel
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 Sales, Processing and Underwriting team
- Collaborate with back-end processors to review & analyze title for all requirements and address issues, insurance coverage for borrower
- 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
Requirements
- High school diploma or equivalent required; 4-year degree preferred
- 4+ years refinance mortgage processing experience required
- Recent Correspondent Lending experience strongly preferred
- Knowledge of agency loan programs, multiple investor loan programs, and underwriting criteria for government and conventional offerings
- Experience processing FHA and VA loans strongly preferred
- Brokerage processing experience of IRRRLs strongly preferred
- Experience managing a pipeline of 45+ Purchase & Refinance loans
- Experience processing delegated, non-delegated, and broker transactions
- 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
- All applicants must be flexible with their schedules as they may be required to work after-hours, especially during peak volume periods
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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