Senior Loan Processor - Southlake, TX

The Federal Savings Bank•Southlake, TX

63d•Hybrid

About The Position

The Federal Savings Bank (“TFSB”) is actively searching for an experienced mortgage loan processing professional to support our Southlake, TX sales team. The Senior Loan Processor's primary goal is to have a first-time approval from Underwriting with minimal conditions. It is the responsibility of the Sr. Processor to review, analyze, and submit loan files to underwriting based on agency, investor, and company guidelines with a focus on efficiency and quality. This position is based onsite in our Southlake office 3 days a week, with 2 days working remote. Qualified candidates must reside in the Dallas-Ft. Worth (Tarrant County) area at the time of application to be considered.

Requirements

High school diploma or equivalent required; 4-year degree preferred
4+ years of recent mortgage processing experience required
Recent Correspondent lending experience strongly preferred
Knowledge of agency loan programs, multiple investor loan programs, and underwriting criteria for government and conventional offerings
Experience managing a pipeline of 45+ Purchase & Refinance loans
Strong knowledge of Jumbo, Construction, Conforming, and VA loan products
Proficiency with Loan Origination Software (we use Encompass)
Ability to calculate income, including for self-employed borrowers
Excellent interpersonal, communication, and time management skills
Ability to operate effectively & efficiently in high-pressure situations
All applicants must be flexible with their schedules as they may be required to work after-hours, especially during peak volume periods

Responsibilities

Daily utilization of Encompass loan origination systems and automated underwriting systems DU/LP
Set and maintain proper expectations with all parties on the loan file
Analyze package for completeness to ensure loan file meets investor guidelines
Clear loan conditions and communicate effectively with Sales, Processing, and Underwriting team
End-to-end processing and ownership of loan files, including but not limited to sending disclosures, pre-underwriting analysis of credit, income, assets, and collateral documents, borrower communication, document collection, and coordination of closing
Maintain loan file compliance while managing pipeline as various volume levels
Work effectively under specific time constraints and meet end-of-month deadlines
Complete Bank's customer service training and apply to everyday communications with borrowers and mortgage bankers