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Washington DC Residential Mortgage Processor


The Federal Saving Bank is looking for an experienced loan processor to support our office in Fairfax, VA. The ideal candidate is a self-motivated problem solver with recent experience in Correspondent Lending (No brokerage experience please) and a Heavy Purchase pipeline. We continue to hire high-producing mortgage bankers in the region, creating ample bonus potential for our loan processors. The Federal Savings Bank Underwriting Analyst’s primary responsibility will be to analyze and submit files to underwriting based on agency, investor, and company guidelines with a focus on efficiency and quality, while seamlessly transitioning new Bankers to our model

Duties and Responsibilities
  • Working with automated underwriting systems (DU/LP) and major loan origination 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
  • 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
  • Support one of the top 10 originators in the U.S. and his team
  • All applicants must be flexible with their schedules, as they may be required to work after-hours, especially during peak volume periods
Job Requirements
  • 2 year college degree OR equivalent military and/or mortgage experience
  • 3 + years recent Residential Mortgage Processing Experience (Must be in Correspondent Lending)
  • Must be knowledgeable of TRID and RESPA related guidelines
  • Experience processing Conforming loans (FHA, VA) and Conventional loans
  • Must have strong experience processing FHA loans
  • Must have current experience processing Purchase Loans (Heavy Purchase vs. Refinance pipeline)
  • Experience working with automated underwriting systems such as (DU/LP)
  • Must have Encompass experience
  • Experience managing a pipeline of 35+ loans
  • Detail-Oriented
  • Positive Attitude
  • Excellent Interpersonal, Communication, and Time Management Skills
  • 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