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 Encompass
- Manage a daily pipeline of appraisals
- Devise opinion on quality of appraisal and justification used by the Appraiser in determining a valuation
- Review appraisal to determine if any revisions or updates are needed by the Appraiser
- Keep informed on updates to Agency (FNMA & FHLMC), FHA, and VA appraisal guidelines
- Review CU and LCA scores to ensure any alerts are addressed
- Utilize Fannie Mae's Collateral Underwriter when assessing comparables to ensure value supported
- 4-year degree or commensurate mortgage experience
- 2+ years’ recent experience in collateral or credit/collateral underwriting
- Proficiency with Encompass (required)
- Favorable credit history and background
- Applicants must demonstrate attention to detail, the ability to multitask, and a strict adherence to deadlines
- Proficiency with Microsoft Office Suite
- Knowledge of all appraisal guidelines and AIR requirements
- SAR and/or DE experience strongly preferred
- Flexible with work schedules especially during peak volume periods & month-end
- Excellent communication skills both inside and outside the organization
What We Offer:
- Remote/work from home benefit
- 7 paid holidays
- PTO that increases with length of employment
- Medical, Dental, and Vision insurance
- Company-paid life insurance
- Partial 401k match
- Employee Assistance Program (EAP) to support work/life balance
- Ongoing in-house training opportunities to sharpen your saw
- Employee recognition on a national scale
- Small 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.