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Naperville Mortgage Processor (Illinois)

The Federal Savings Bank, a Federally Chartered Bank with a focus on residential home lending, is currently seeking experienced mortgage professionals to assist with the timely processing of residential mortgage loans for our Naperville, IL office. The Closing Analyst’s goal is to have a 1st time Clear-To-Close when submitting conditions as well as accurate (one touch) loan submission into the Closing Department. It is the responsibility of the Closing Analyst to obtain conditions (borrower and non-borrower) and finalize the loan for closing with a focus on efficiency and quality.

 Requirements

  • 4 year college degree or commensurate industry experience
  • 3 + years recent Residential Mortgage Processing Experience
  • Recent Correspondent Lending experience
  • Knowledge of agency and investor loan programs and underwriting criteria for both conventional and government offerings
  • Experience managing Purchase-focused pipeline
  • Proficiency with Encompass LOS
  • Proficiency with Automated Underwriting Systems; DU/LP
  • Detail-Oriented
  • Positive Attitude
  • Excellent Interpersonal, Communication, and Time Management Skills
  • Creative, Solutions-Oriented Individual
  • Effective Problem Solver
  • Ability to work well in a team environment
Responsibilities

  • Work with automated underwriting systems (DU/LP) and major loan originations systems (Encompass)
  • Order Pre-Closing VOE
  • Communicate with borrowers and third parties to obtain loan documentation
  • Analyze package for completeness to ensure loan file meets investor guidelines
  • Clear loan conditions and communicate effectively with Sales, Processing and Underwriting team
  • Review and Analyze title for all requirements and address issues, insurance coverage for mortgagee
  • Set and maintain proper expectations with all parties on the loan file
  • Effectively manage loan pipeline at various volume levels
  • Maintain strong knowledge of State/Federal regulations to maintain loan file compliance
  • Assist in the seamless transition of Mortgage Bankers and new employees to our model
  • Work effectively under specific time constraints
  • Work independently and as a team
  • Ability to operate in a fast paced environment
  • All applicants must be flexible with their schedules, as they may be required to work after-hours, especially during peak volume periods

Application