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New York City Residential Mortgage Processor

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 New York, New York office (located in Lower Manhattan near Wall Street) The Senior Mortgage Processor, known at TFSB as an Underwriting Analyst, is responsible for analyzing and submitting files to underwriting and/or closing based on agency, investor, and company guidelines with a focus on efficiency and quality. The Underwriting Analyst is required to perform income calculations and have strong knowledge of multiple investor guidelines.


  • 4 year college degree or commensurate mortgage experience
  • 2 + years recent Residential Mortgage Processing Experience
  • Experience processing FHA,VA and/or Conventional loans
  • Experience working with multiple investors and guidelines
  • Encompass experience preferred
  • Experience with Automated Underwriting Systems (AUS) such as Desktop Underwriter and Loan Prospector (DU/LP)
  • Experience calculating income
  • Detail-Oriented
  • Positive Attitude
  • Detail-Oriented
  • Excellent Interpersonal, Communication, and Time Management Skills
  • Creative, Solutions-Oriented Individual
  • Effective Problem Solver
  • Ability to work well in a team environment

  • Working with automated underwriting systems (DU/LP) and major loan originations systems (Encompass)
  • 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
  • Communicate with borrowers and third parties to obtain loan documentation
  • 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
  • Effectively process FHA and/or Conventional loans
  • Ability to work effectively under specific time constraints
  • Ability to work independently
  • 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