Consumer Loan Processor - Chicago

The Federal Savings Bank, a leading private bank and national lender, is seeking a Consumer Loan Processorto support the rapidly expanding the Consumer Loan Division in our Chicago, IL headquarters. The Federal Savings Bank Consumer Loan Processor is responsible for end-to-end processing of our secured loan products. They will also be cross-trained on processing unsecured loans.
This position is based in our Chicago (Logan Square) corporate headquarters. Qualified candidates must reside a commutable distance at the time of application to be considered.
Responsibilities and Duties:

• Act as a source of contact for clients throughout the granting process of loan
• Daily utilization of Encompass LOS and automated underwriting systems (DU/LP)
• Set and maintain proper expectations with all parties on the loan file
• Analyze credit, income, assets, and collateral documents
• Analyze package for completeness to ensure loan file meets guidelines prior to submission to underwriting
• Clear loan conditions and communicate effectively with Sales, Processing, Underwriting, and Closing teams
• Order, as applicable, title, appraisal, hazard insurance, flood insurance, payoffs, and analyze prior to closing
• Review and analyze title for all requirements and address any issues, insurance coverage for mortgagee
• Maintain loan file compliance while managing pipeline of various volume levels
• Work effectively under specific time constraints and meet end-of-month deadlines
• Follow policies and procedures & supports the Bank's goals and values
• Treat people with respect; keep commitments; inspire the trust of others, work ethically and with integrity, and uphold organizational values

Job Requirements

• High school diploma required; 4-year college degree preferred
• 4+ years of processing experience in any type of lending (Mortgage/Home Equity preferred)
• End-to-end processing experience strongly preferred
• Able to calculate income, including self-employed
• Expert knowledge of agency and investor loan guidelines
• Familiarity with Encompass or other similar loan origination software
• Proficient with Automated Underwriting (LP & DU) preferred
• Ability to manage and lead a loan process
• Great attitude, both to internal team and customers
• Favorable credit and background required

WebsiteThe Federal Savings Bank is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status