Senior Loan Processor

The Federal Savings Bank; United States; Remote; USD 50,000 - 60,000; Full time

Job summary

An established industry player is seeking experienced mortgage loan processing professionals for a fully remote Underwriting Analyst role. This position focuses on achieving first-time approvals with minimal conditions by reviewing and submitting loan files based on strict guidelines. The ideal candidate will have a strong background in mortgage processing, excellent communication skills, and the ability to manage a busy pipeline effectively. Enjoy a competitive salary, generous benefits, and a company culture that prioritizes work/life balance while contributing to a dynamic team environment.

Benefits

PTO that increases with length of employment

7 paid holidays

Medical, Dental, and Vision insurance

401k with partial match

Company-paid life insurance

In-house virtual training opportunities

Employee recognition on a national scale

Qualifications

• 4+ years of recent mortgage processing experience required.
• Knowledge of agency loan programs and underwriting criteria.

Responsibilities

• Review, analyze, and submit loan files to underwriting.
• Maintain loan file compliance while managing pipeline.

Skills

Mortgage Processing

Interpersonal Skills

Communication Skills

Time Management

Pipeline Management

Education

High School Diploma

Bachelor's Degree

Tools

Encompass

Job description

Job Type

Full-time

Description

The Federal Savings Bank (“TFSB”) is actively searching for experienced mortgage loan processing professionals to support our Consumer Direct 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 may align with teams in either Eastern time or Pacific time and is fully remote eligible. Evening or weekend hours may be required based on the needs of the business.

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
• Order 3rd party items, review & analyze title for all requirements and address any 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 of recent 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 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

What We Offer:

• PTO that increases with length of employment
• 7 paid holidays
• Company culture that fosters work/life balance
• Medical, Dental, and Vision insurance plans
• HSA and FSA plan options
• Company-paid life insurance
• 401k with partial match
• 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
• Big bank capability, small-bank feel

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.

Salary Description

$50k-60k base salary + monthly bonus incentive