Apply Job Type Full-time Description

The Federal Savings Bank, a national bank with a focus on residential mortgage lending, is currently seeking a Collateral Underwriter for our Appraisal Management department. The Collateral Underwriter plays an important role in the review and evaluation of appraisals to confirm value is supported. This position reports to the Vice President of Collateral Underwriting.

Applicants should be available to work in alignment with Pacific time and be flexible in their availability to work evenings as needed. 

Duties and Responsibilities:

Fully understand enhanced conditions workflow within EncompassManage a daily pipeline of appraisalsDevise opinion on quality of appraisal and justification used by the Appraiser in determining a valuationReview appraisal to determine if any revisions or updates are needed by the AppraiserKeep informed on updates to Agency (FNMA & FHLMC), FHA, and VA appraisal guidelinesReview CU and LCA scores to ensure any alerts are addressedUtilize Fannie Mae's Collateral Underwriter when assessing comparables to ensure value supported Requirements 4-year degree or commensurate mortgage experience2+ years’ recent experience in collateral or credit/collateral underwritingProficiency with Encompass (required)Favorable credit history and backgroundApplicants must demonstrate attention to detail, the ability to multitask, and a strict adherence to deadlinesProficiency with Microsoft Office SuiteKnowledge of all appraisal guidelines and AIR requirementsSAR and/or DE experience strongly preferredFlexible with work schedules especially during peak volume periods & month-endExcellent communication skills both inside and outside the organization

What We Offer:

Remote/work from home benefit7 paid holidaysPTO that increases with length of employmentMedical, Dental, and Vision insuranceCompany-paid life insurancePartial 401k matchEmployee Assistance Program (EAP) to support work/life balanceOngoing in-house training opportunities to sharpen your sawEmployee recognition on a national scaleSmall bank culture with big bank capabilities

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 $70,000 - $90,000 + bonus