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 Vision
• HSA and FSA plans available
• Company-paid life insurance
• Partial 401k matching
• Employee Assistance Program (EAP)
• Ongoing in-house training opportunities to broaden your industry knowledge
• Employee recognition on a national scale
• Small bank culture with big bank capabilities
• Career advancement - we promote from within!

Key Responsibilities:

• Minimum of 3 initial credit reviews per working day
• Analyze conventional conforming, non-conforming Jumbo, and portfolio loans for compliance with secondary marking guidelines
• Specialize in accurate income, credit, and asset reviews for FHA and/or VA loans, both AUS approved and manual underwrites
• Daily use of Encompass loan origination system and associated tasks with capturing and communicating loan decisions
• Ability to effectively communicate with sales, processing analysts, closers, investors, and auditors
• Collaborate with processing and sales to find workable solutions to challenges while ensuring minimum underwriting standards are met
• Stay informed on current agency & government loan guidelines, products, and recent regulatory changes

Job Requirements:

• High school diploma or equivalent
• 4 year college degree OR commensurate mortgage experience
• DE and/or LAPP designations strongly preferred with 5+ years experience actively underwriting FHA and/or VA loans
• Ability to underwrite a minimum of 3 initial credit reviews per working day
• Down Payment Assistance program experience preferred
• Thorough understanding of agency and government guidelines and products,
• Must have experience working with multiple investors and guidelines
• Proven ability to underwrite all loans in compliance with agency and secondary market investor guidelines

Technology Requirements:

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

Additional Skills:

• Direct Endorsement (DE) strongly preferred
• LAPP designations strongly preferred
• High attention to detail and ability to multitask
• Flexible with work schedules especially during peak volume periods & month end
• Excellent interpersonal, oral and written communication, and time management
• Effective problem-solver
• Favorable 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.