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Naperville Bond Compliance Underwriter

The Federal Savings Bank Bond/DPA Department is looking to expand and hire a Bond Compliance Underwriter. TFSB employee chosen for this role will be responsible for compliance review of Bond/DPA Division Programs and MCC reviews across the country. The position will be based out of Naperville or Chicago (expected to travel to Naperville) office.

Duties and Responsibilities

  • Perform a thorough review of compliance guidelines for DPA/MCC and adhere to all TFSB overlays
  • Issue an underwriting approval, suspense or denial based on review
  • Have an extended knowledge of all DPA/MCC programs across the country
  • Partner with Bond Division Manager for work flow and load balance
  • Keep current on all training programs and updates issued through the DPA/MCC and Master Servicer
  • Track underwriter certifications and status of loans in DPA portals
  • Assist with handling questions from the Bond Scenario Desk
  • Assist with updating training curriculum and materials
  • Work with Suspense Department in resolving any issues post close
  • Work with first underwriter to resolve any discrepancies in the loan file prior to CTC

Job Requirements

  • Candidate must have at least 4+ years of Processing or Underwriting experience in all agencies and a full understanding of agency guidelines, or prior underwriting experience
  • Experience working with Compliance, Closing, Shipping, Post Closing departments
  • Ability to make a cursory review of the first mortgage file
  • Ability to Calculate income based on DPA/MCC requirements
  • Experience reviewing AUS for correctness, based on program parameters
  • Strong communication skills
  • Experience in dealing with multiple investors
  • Encompass and AUS experience preferred
We offer a competitive base salary, plus bonus opportunity. Along with this earning potential, we also offer benefits and opportunity for advancement. 

  • Competitive Base salary and bonus incentives
  • Room for advancement, we've had several promotions to start 2017
  • Benefits offered include Health, Dental, Vision and flex spending accounts
  • 401k options
  • Friendly, family atmosphere
  • Mentorship opportunities
  • Employee appreciation events