Job Description

Your career search stops here! The Federal Savings Bank, a national bank and mortgage lender, seeks motivated, industrious recent college graduates & entry level professionals to participate in our incredibly successful Mortgage Operations Development ("MOD") program. MORTGAGE INDUSTRY EXPERIENCE IS NOT REQUIRED as we will train and motivate you to become Mortgage Analysts or Loan Coordinators. The roles may start out as “entry-level," but the opportunities for growth are tremendous! WE ARE CURRENTLY ACCEPTING APPLICATIONS FROM FUTURE MORTGAGE INDUSTRY ROCKSTARS FOR THE NEXT VIRTUAL TRAINING CLASS FOR OAK BROOK, IL. Details below:

HERE'S WHAT WE WILL TEACH YOU:

• Mortgage Basics through Advanced
• Loan Origination Systems
• Conventional/FHA/VA/Agency/Non-Agency mortgages
• Automated Underwriting
• Income Analysis
• Appraisal and Title
• Investor Guidelines
• Co-op, CEMA
• Customer Relations
• 3rd party systems

If a candidate is hired into the program as a “Trainee” one can expect 4 weeks of intensive classroom training while being compensated an hourly wage. FULL TIME TRAINING IS SCHEDULED TO BEGIN DECEMBER 7TH!

EXPECTED JOB DUTIES AFTER TRAINING :

• Analyze Borrower documentation
• Analyze mortgage loans to investor specific requirements
• Order and track all 3rd party documentation including appraisals, IRS Transcript, HOI/HO-6, Flood Insurance, Title VOEs
• Assist Underwriting Analysts (Senior Processors) with 3rd party orders like Title, Condo/Coop Docs, FHA/VA Case Number, Flood Certifications, Credit supplements and much more!
• Educate Borrowers on items needed for their mortgage in an articulate and professional manner
• Process fully documented loan files according to company, investor and Federal requirements
• Submit clean and complete loan files to Underwriting and Closing
• Meet important loan dates, (Closing, Commitment, Lock, etc.)
• Work as a team with Sales and Operations
• Achieve expected metrics for Efficiency, Quality and Productivity

After completing the MOD program,Trainees will transition into Mortgage Analyst or Coordinator roles with salary plus bonus compensation plans. GRADUATION FROM THE TRAINING CLASS IS NOT GUARANTEED. Trainees must pass their weekly performance evaluations to successfully graduate from the program and receive a permanent offer. 

SKILLS/QUALIFICATIONS FOR MORTGAGE OPERATIONS TRAINING PROGRAM

• 4 year college degree preferred (2 yr degree required)
• 1-2 years professional experience preferred in mortgage industry, retail, food and beverage, inside sales, or hospitality 
• Must reside near Oak Brook, IL
• Must be able to work full time M-F & overtime during peak periods/busy season
• Highly proficient with Microsoft Office Suite, specifically Outlook and Excel
• High aptitude for learning new software
• Strong organizational skills and multitasking ability
• Critical thinker and problem solver
• Stellar customer service skills over the phone and in person
• A desire to grow within a company and remain there long term
• Student mentality: There is a learning curve so a desire to learn is required to succeed!
• Pass a credit and background check

WHAT WE OFFER:

• Generous PTO plus sick days 
• Health, Dental, and Vision insurance plans available
• 401k and Roth IRA options available 
• On-the-job training from mortgage industry pros
• Employee appreciation days 
• Room for professional growth
• Standing desks and lots of windows!

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 Powered by JazzHR

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