Loan Processor Chicago

Job Description

Mortgage Analysts / Loan Processors: Your career search stops here! The Federal Savings Bank (???TFSB???) is actively searching for experienced mortgage loan processing professionals for our Chicago, IL loan production office. 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.

What We Offer:
Generous paid time off
Work/Life balance with remote work from home benefit
Health, Dental, and Vision insurance plans
50% 401k matching
Competitive salary plus an industry-leading bonus plan
Company-wide Employee Appreciation Events
In-house virtual training opportunities to broaden your industry knowledge
Employee recognition on a national scale
Big bank capability, small-bank familial culture

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 Closing Processing Analysts to review & analyze title for all requirements and address issues, insurance coverage for mortgagee
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

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.

Job Requirements:
High school diploma required
3 + years recent Residential Mortgage Processing experience required
Recent Correspondent Lending experience strongly preferred
Knowledge of agency loan programs, investor loan programs, and underwriting criteria for government and conventional offerings
Experience processing FHA & VA loans strongly preferred
Experience managing a pipeline of 30+ Refinance or Purchase loans
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
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

he Federal Savings Bank is an equal opportunity employer. Our success is derived from hiring individuals with true character and a focus on Efficiency, Quality and Productivity.

Recommended skills
Underwriting

Loan Origination

Mortgage Loans

Loans

Refinancing

Encompass

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