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San Antonio Mortgage Processor

The Federal Saving Bank is looking for an experienced loan processor (known within TFSB as the Underwriting Analyst) to support our office in San Antonio, TX. The ideal candidate is a self-motivated problem solver with recent experience in Correspondent Lending and a Heavy Purchase and Builder/New Construction pipeline.

The Federal Savings Bank Underwriting Analyst’s primary goal is to have a first time approval with minimal conditions. It is the responsibility of the Underwriting Analyst to review, analyze, and submit loan documents to Underwriting based on agency, investor, and company guidelines with a focus on efficiency and quality.
 Requirements

  • 2 year college degree OR equivalent military and/or mortgage experience
  • 3 + years recent Residential Mortgage Processing Experience (Must be in Correspondent Lending platform)
  • Must be knowledgeable of TRID and RESPA related guidelines
  • Experience processing Conforming loans (FHA, VA) and Conventional loans
  • Must have strong experience processing Builder/New Construction loans
  • Must have current experience processing Purchase Loans (Heavy Purchase vs. Refinance pipeline)
  • Encompass experience STRONGLY preferred
  • Experience working with automated underwriting systems such as (DU/LP)
  • Experience managing a pipeline of 35+ loans
  • Detail-Oriented
  • Positive Attitude
  • Excellent Interpersonal, Communication, and Time Management Skills
  • Effective Problem Solver
  • Ability to work well independently and in a team environment
  • Ability to perform income calculations
 
Responsibilities

  • Proficient working with automated underwriting systems (DU/LP) and major loan originations systems (Encompass)
  • Communicate with borrowers and third parties to obtain loan documentation
  • Analyze package for completeness to ensure loan file meets investor guidelines
  • Calculate income for qualifying, including self-employed income analysis
  • Analyze credit, income, asset and collateral documents to submit files to underwriting
  • Analyze Underwriting approval
  • 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