The Federal Savings Bank Employee Reviews

Showing all 10 reviews
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Ok Expericence
MORTGAGE COORDINATOR (Former Employee) –  Chicago, ILOctober 30, 2014
Work environment is amazing, cowokers are very friendly and there is a lot of space to walk around if your get easily tired of sitting. Very clean space. Management mainly cares about there high producers and what is in there best interest to keep them with the company.
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Good Experience
Closing Department (Former Employee) –  Chicago, ILJanuary 7, 2014
9 hour shift with 1 hour lunch break (or less if you prefer), M-F. 40 hour work week expected for my department, sometimes slightly more.
Co-workers in my department were the best part about working here. My managers were also terrific to work with. As busy as things could get, people always made time to answer my questions.
The hardest part of the job were the last few days of the month. Everyone is trying to push as many loans thru as possible and it is not pleasant dealing with seemingly incompetent title companies, while also dealing with angry loan officers (who themselves are dealing with angry clients).
The best part of the job was being done with loan files, knowing you had assured their quality. Also it was nice being thanked by the people who knew how much work you put into spotting and correcting any problems.
Pros
A lot of good people work here and co-workers were always willing to help me out.
Cons
The work is highly repetitive in nature (I guess what work isn't though?).
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It was a great experience, wonderful people, good benefits
Sr. Loan Closer/Funder FHA, VA, CONV (Former Employee) –  Naperville, ILOctober 3, 2013
It was a very positive experience but sadly short lived.
Nice group, great closing team, good location and nice compensation and benefits.
Pros
Flexable hours
Cons
No casual dress days
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Excellent place to learn the industry. Great support.
Mortgage Banker (Current Employee) –  New York, NYJune 7, 2015
Excellent work environment. Day is focused on reaching out to potential lead sources for business leads as well as previous clients. Dealing with current client concerns and problem solving in order to expedite loan closing. The best part of my job is also the hardest part. Helping clients reach their goals regardless of the obstacles they face.
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It's a different environment where ever you work
Employee (Former Employee) –  Chicago, ILNovember 14, 2014
Depending on where you work at this bank, you may have a great or a terrible experience. Lots of people around the office are heard talking and interacting, while other departments won't even say hello to you when you talk in the door. Work depends on the market/time of year a lot.
Pros
Computer usage is pretty loose
Cons
Your work goes unnoticed unless you mess up
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Unorganized in development of Deposit and General Ledger Accounting
Accounting specialist (Former Employee) –  Overland Park, KSAugust 18, 2014
The Federal Savings Bank is mainly a Mortgage Loan institution.
They are still in the growing stages of their Deposits and Deposit operations.
Pros
Very good department environment in the Overland Park Kansas office
Cons
Chicago office taken on more than they can handle or have knowledge of bank accounting
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Veteran-owned, federally chartered bank
Vice President/Controller (Former Employee) –  Overland Park, KSAugust 29, 2013
Diverse team of banking and mortgage experts with a focus on educating customers about the mortgage process and providing opportunity for home ownership
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very supportive of staff
Mortgage Loan Officer (Current Employee) –  Bolingbrook, ILDecember 10, 2012
Very reliant on self motivation as all loan officers have the ability to have an unlimited income based on productivity.
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excellent
Loan Quality Analyst/Sales Assistant (Current Employee) –  Naperville, ILJune 21, 2013
I am in the underwriting department. Excellent coworkers and great teamwork
Pros
Friday jean day
Cons
travel
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Overall rating

3.8
Based on 10 reviews
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1 star

Ratings by category

Work/Life Balance
4.0
Compensation/Benefits
4.0
Job Security/Advancement
2.4
Management
3.6
Culture
3.9