Senior Mortgage Processor - Scottsdale

Employment Type

: Full-Time

Industry

: Financial Services - Banking/Investment/Finance



Mortgage Analysts / Loan Processors: Your career search stops here! The Federal Savings Bank (“TFSB”) is actively seeking an experienced mortgage loan processor in the Scottsdale, AZ area. 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:

  • Competitive salary plus industry leading monthly bonus plan
  • Work/Life balance with work from home benefit after 90 days (During the COVID-19 pandemic most employees will be working remotely)
  • Generous Vacation days and sick time
  • Health, Dental, and Vision insurance plans available
  • 50% 401k matching
  • 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 broaden your industry knowledge
  • Employee recognition on a national scale
  • Small bank culture with big bank capabilities
  • Operations employees eligible for annual Chairman's Club trips
  • 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, college degree preferred
  • 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 40+ 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 
  • The 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.

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    * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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