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Chicago DE SAR Mortgage Underwriter

The Federal Savings Bank is currently seeking an experienced residential Mortgage Underwriter with DE/SAR/LAPP certifications to work in our Chicago or Naperville, IL office.


  • 4 year college degree
  • Minimum 3 years underwriting experience
  • Thorough understanding of agency guidelines, products and recent regulatory changes
  • Thorough understanding of both personal and business financial analysis, complex tax returns
  • Thorough understanding of appraisal underwriting
  • Advanced proficiency with DU/LP
  • Ability to make timely and accurate decisions
  • Strong analytical and communication skills (both written and verbal)
  • High attention to detail
  • Favorable credit and background
  • Experience with Encompass software a plus
  • Must have one of the following designations to be considered: FHA - DE, VA - SAR/LAPP
  • 203k experience preferred, not required
  • 203k Underwriting experience preferred, not required

  • Underwrite conventional conforming, non-conforming, FHA, VA, 203K and portfolio loans in a paperless environment, for a national mortgage bank
  • Effectively communicate with bankers, analysts, closers, investors and auditors