Apply Job Type Full-time Description

The Federal Savings Bank is a privately-held, national bank with a focus on residential lending and providing a white-glove borrower experience. Our Senior Underwriters are a vital piece of the loan manufacturing process, enabling people to achieve their dream of home ownership. The ideal candidate is a self-starter with proven experience in all aspects of residential mortgage credit underwiring and sound decision making ability.

What We Offer:

Generous Vacation days and sick days Health, Dental, and VisionHSA and FSA plans availableCompany-paid life insurancePartial 401k matchingEmployee Assistance Program (EAP)Ongoing in-house training opportunities to broaden your industry knowledgeEmployee recognition on a national scaleSmall bank culture with big bank capabilitiesCareer advancement - we promote from within!

Key Responsibilities:

Minimum of 3 initial credit reviews per working dayAnalyze conventional conforming, non-conforming Jumbo, and portfolio loans for compliance with secondary marking guidelinesSpecialize in accurate income, credit, and asset reviews for FHA and/or VA loans, both AUS approved and manual underwritesDaily use of Encompass loan origination system and associated tasks with capturing and communicating loan decisionsAbility to effectively communicate with sales, processing analysts, closers, investors, and auditorsCollaborate with processing and sales to find workable solutions to challenges while ensuring minimum underwriting standards are metStay informed on current agency & government loan guidelines, products, and recent regulatory changes Requirements

Job Requirements:

High school diploma or equivalent4 year college degree OR commensurate mortgage experienceDE and/or LAPP designations strongly preferred with 5+ years experience actively underwriting FHA and/or VA loansAbility to underwrite a minimum of 3 initial credit reviews per working dayDown Payment Assistance program experience preferredThorough understanding of agency and government guidelines and products,Must have experience working with multiple investors and guidelinesProven ability to underwrite all loans in compliance with agency and secondary market investor guidelines

Technology Requirements:

Recent Encompass experience strongly preferredPrior exposure to OCR technology preferred (LoanBeam, Candor, etc.)Working knowledge of LPA, DU, Total Scorecard

Additional Skills:

Direct Endorsement (DE) strongly preferredLAPP designations strongly preferredHigh attention to detail and ability to multitaskFlexible with work schedules especially during peak volume periods & month endExcellent interpersonal, oral and written communication, and time managementEffective problem-solverFavorable credit history and background

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 $75,000 - $110,000 plus bonus