Loan Processor - New York City - Military veterans preferred

2021-04-18
The Federal Savings Bank
Other

/yr

  full-time   part-time   employee   contract


New York
New York
10001
United States

Mortgage Analysts / Loan Processors: Your career search stops here! The Federal Savings Bank (“TFSB”) is actively searching for experienced mortgage loan processing professionals in our Melville office! This position requires working in-office 2-3 days a week. 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. What We OfferGenerous paid time offRamp-up bonus for experienced candidates!Work/Life balance with work from home benefit Health, Dental, and Vision insurance plans & 401k matchingCompetitive salary plus an industry-leading bonus planOngoing in-house training opportunities to broaden your industry knowledgeProfessional advancement - we promote from within!Employee recognition on a national scaleBig bank capability, small-bank familial cultureDuties And ResponsibilitiesDaily utilization of "Encompass" loan origination systems and automated underwriting systems "DU/LP"Set and maintain proper expectations with all parties on the loan fileAnalyze package for completeness to ensure loan file meets investor guidelinesAnalyze credit, income, asset and collateral documents and submit files to underwritingClear loan conditions and communicate effectively with Sales, Processing and Underwriting teamCollaborate with Closing Processing Analysts to review & analyze title for all requirements and address issues, insurance coverage for mortgageeMaintain loan file compliance while managing pipeline as various volume levelsWork effectively under specific time constraints and meet end-of-month deadlinesAssist in the seamless transition of new Mortgage Bankers and operations employees to our modelComplete Bank's customer service training and apply to everyday communications with borrowers and mortgage bankers It is the responsibility of the Underwriting Analyst to review, analyze, and submit loan documents to Underwriting based on agency, investor, and company guidelines with a focus on efficiency and quality.Job RequirementsHigh school diploma required3 + years recent Residential Mortgage Processing experience requiredRecent Correspondent Lending experience strongly preferredKnowledge of agency loan programs, investor loan programs, and underwriting criteria for government and conventional offeringsExperience processing FHA & VA loans strongly preferredExperience managing a pipeline of 30+ Refinance or Purchase loansProficiency with Encompass loan origination software Ability to calculate income, including self-employedExcellent Interpersonal, Communication, and Time Management SkillsAbility to operate effectively & efficiently in high-pressure situations Ability to work well in a team environment, a team-playerAll applicants must be flexible with their schedules, as they may be required to work after-hours, especially during peak volume periods WebsiteThe 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