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Chicago Residential Mortgage Processor


The Federal Savings Bank is currently seeking experienced mortgage professionals to assist with the timely processing of residential mortgage loans. The Mortgage Processor’s primary responsibility will be to analyze and submit files to underwriting and closing based on agency, investor, and company guidelines with a focus on efficiency and quality.

Duties and Responsibilities
  • Proficient working with automated underwriting systems (DU/LP) and major loan originations systems
  • Analyze credit, income, asset and collateral documents to submit files to underwriting
  • Calculate income for qualifying, including self-employed income analysis
  • Clear loan conditions and communicate effectively with team
  • Ability to work effectively under specific time constraints
  • Ability to work independently
  • Communicate with borrowers and third parties to obtain loan documentation
  • Ability to operate in a fast paced environment
  • Setting and maintaining proper expectations with all parties on the loan file
  • Knowledge of State/Federal regulations to maintain loan file compliance
  • Knowledge of agency and investor loan programs and underwriting criteria for both conventional and government offerings
  • Effectively manage loan pipeline at various volume levels
Job Requirements
  • High School degree or equivalent (Higher degree preferred)
  • 2 + years recent Residential Mortgage Experience
  • Detail-Oriented
  • Positive Attitude
  • Excellent Interpersonal, Communication, and Time Management Skills
  • Creative, Solutions-Oriented Individual
  • Effective Problem Solver
We offer a very competitive base salary, based on experience, plus exceptional bonus opportunity. Along with remarkable earning potential, we also offer excellent benefits and opportunity for advancement.

  • Health, dental, vision and life insurance plans
  • Immediate enrollment in 401(k) plan
  • Flexible Spending Accounts for qualified medical and dependent care out-of-pocket expenses
  • Generous time off