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Secondary Market Loan Processor/Underwriter at FCB Banks – Collinsville, Illinois

FCB Banks
Collinsville, Illinois, 62234, United States
Posted on
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Recently UpdatedSalary:$25 - $32Job Function:Accounting/Finance

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About This Position

Secondary Market Loan Processor/Underwriter

Classification: Non-Exempt/Hourly
Job Type: Full-Time
Location: Collinsville Loan Processing
717 Vandalia St., Collinsville, IL 62234
Reports To: Secondary Market Supervisor
ABOUT US:
FCB Banks has been family owned and managed for more than three generations. Our original banks opened in New Baden and Albers in 1901 and customers quickly associated FCB with quality service, competitive rates, and personal customer care. These qualities became the pillars of our business when First Collinsville Bank opened in 1990 and we began expanding throughout the area. We streamlined and simplified banking operations and officially changed our name to FCB Banks in 2017. Today we have seventeen locations in sixteen wonderful towns serving customers in Illinois and Missouri. We pride ourselves on being locally owned and operated as well as a valued part of the community. Since 1901 our goal at FCB Banks has always been to provide exceptional service to our valued customers.
JOB SUMMARY:
The Secondary Market Loan Processor/Underwriter is responsible for the comprehensive processing and underwriting of mortgage loans to ensure compliance with agency guidelines, investor requirements, federal regulations, and internal credit standards. This role supports secondary market operations by ensuring loan quality, loan salability, and accurate documentation ahead of investor delivery. The Secondary Market Loan Processor/Underwriter exercises independent judgment on loan decisions and provides guidance to operational staff regarding processing and underwriting requirements.
ESSENTIAL JOB DUTIES:
  • Processing and Underwriting Functions:
    • Process and/or underwrite and render credit decisions on mortgage loans in accordance with secondary market investor guidelines.
    • Review and analyze borrower credit reports, income documentation, asset statements, tax returns, property appraisals, and other required documents.
    • Evaluate AUS findings (DU/LP) and apply applicable documentation requirements and overlays.
    • Perform manual underwriting when required, demonstrating full knowledge of compensating factors and risk layering.
    • Issue clear, concise loan conditions and ensure proper documentation is maintained to support all credit decisions.
  • Secondary Market Support:
    • Confirm that processed and underwritten loans meet investor salability requirements prior to file delivery.
    • Assist with clearing underwriting-related conditions required by investors post-closing.
    • Support secondary market staff with guideline interpretation, investor overlays, and loan file quality reviews.
    • Participate in resolving investor purchase suspensions or conditions.
  • Compliance & File Quality:
    • Ensure processing and/or underwriting practices adhere to ATR/QM requirements, TRID, RESPA, ECOA, HMDA, and internal policies.
    • Review QC findings, assist with responses, and identify corrective action steps when necessary.
    • Verify the accuracy and completeness of loan files to support audit readiness and investor acceptance.
  • Operational Support:
    • Collaborate with processing and closing staff to address documentation deficiencies and facilitate timely loan movement through the pipeline.
    • Provide guidance on complex loan scenarios, documentation standards, and guideline interpretation.
    • Communicate professionally and effectively with loan officers and operational teams regarding processing and/or underwriting decisions and requirements.
  • Leadership & Knowledge:
    • Assist with training or mentoring of junior secondary loan teammates as needed.
    • Participate in workflow improvement discussions and contribute to process refinement.
    • Maintain up-to-date knowledge of changes to agency guidelines, investor requirements, and regulatory standards.
  • Performs other tasks or functions as assigned by bank management.
TECHNICAL SKILLS NEEDED:
  • Demonstrated competency in processing and/or underwriting loans using DU/LP
  • Strong understanding of agency guidelines, credit risk principles, and collateral evaluation
  • Proficiency in analyzing income for varying employment types, including self-employed borrowers
  • Excellent communication skills – verbal, written and listening.
  • High quality writing skills – uses accurate word usage, grammar, spelling, and punctuation in all written correspondence.
  • Strong technology skills, along with expert knowledge of Microsoft Office (Word, Excel, PowerPoint) and traditional office products (copiers, fax machines, ten-keys, phones, etc.).
  • Problem Solving – identifies and resolves problems timely.
  • Ability to learn quickly and adapt to changing investor requirements.
  • Strong organizational skills, attention to detail, and ability to manage multiple files and deadlines.
  • Confidentiality and professional judgment.
  • Team-oriented mindset.
QUALIFICATIONS:
  • High School diploma, GED or equivalent
  • Associate or bachelor's Degree in relevant field (preferred)
  • Experience in a community bank environment (preferred)
  • Minimum 2-3 years of recent mortgage processing and/or underwriting experience
WORKING CONDITIONS:
  • Constantly uses standard office equipment such as computers, phones, photocopiers, filing cabinets, calculators and fax machines.
  • Availability to work during core bank operating hours (i.e. 8:00 am – 5:00 pm Monday through Friday). Extended hours may be required based on pipeline volume
  • Occasionally requires local travel including offsite trainings and meetings
  • Ability to multi-task, work in a fast-paced, changing environment and maintain a commitment to accuracy and timeliness
  • Significant periods of computer-based work and document review
  • Visual and manual ability to review electronic and paper documentation
BENEFITS:
  • $25.00 - $32.00 per hour, eligible for performance-based bonuses and incentives
  • Health, Dental, Vision Insurance
  • Group Life Insurance 1x annual salary, 100% paid by the bank
  • Long-Term Disability insurance, 25% paid by the bank
  • Voluntary Life Insurance and Accidental Death and Dismemberment Insurance
  • Flexible Spending Account (FSA) and Dependent Care Flexible Spending Account (DCFSA)
  • Employee Assistance Program, Travel Assistance and Life Services Tool Kit
  • Paid time off including Vacation, Personal and Sick leave
  • Partially paid Parental Leave for eligible employees
  • 401(k) with company match for eligible employees
DISCLAIMER:
The employee must be able to perform the essential functions of the position satisfactorily and, if requested, reasonable accommodations will be made to enable employees with disabilities.
FCB Banks retains the right to change or assign other duties to this position.
Equal access to programs, services and employment opportunities is available to all persons without regard to age, ancestry, citizenship, status, color, physical or mental disability, genetic information, marital status, military status, national origin, race, religion, sex (including pregnancy), sexual orientation, or any other basis protected by federal, state, and/or local law.
In accordance with the Americans with Disabilities Act and/or applicable state and local laws, applicants requiring reasonable accommodations for the application and/or interview process should notify the FCB Human Resources Department. Examples of reasonable accommodations include making a change to the application process; providing written materials in an alternate format such as braille, large print, or audio recording; using a sign language interpreter; using specialized equipment; or modifying testing conditions.
Applicants have rights under Federal Employment Laws

Job Location

Collinsville, Illinois, 62234, United States
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Job Location

This job is located in the Collinsville, Illinois, 62234, United States region.

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