Branch Senior Processor

3 weeks ago


Chicago, United States Fairway Independent Mortgage Full time

Job Posting:

At Fairway, we are committed to cultivating, fostering, and preserving a culture of diversity, equity, inclusion, and belonging. We do this with dialogue and advocacy through voluntary employee-led resource groups and corporate-sponsored events. We strive to attract, recruit, hire, develop, and retain the very best employees at all levels. Fairway is committed to embracing talent and supporting a culture of inclusivity, reflective of Fairway's Core Values.

Fairway is an equal opportunity employer & is committed to equal treatment and opportunity in all aspects of recruitment, selection, and employment without regard to gender, race, religion, national origin, ethnicity, disability, gender identity/expression, sexual orientation, veteran or military status, or any other category protected under the law.

What you will do:

  • Work with Loan Officer to determine product suitability; communicates changes to loan officer
  • Complies financial and other needed data to complete loan file
  • Order supporting documentation, such as appraisals, verifications of employment, verifications of deposits, etc.
  • Evaluate loan applications for reasonableness and, if needed, escalates files for further evaluation
  • Communicate with Loan Officer and borrower to obtain missing documentation
  • Review files for completeness prior to submission to Underwriting
  • Obtain documentation needed to clear conditions, if required
  • Submit approved files to Closing
  • Prioritize workflow so loans close on time
  • Communicate with title company, appraiser, and other vendors as required
  • Provide excellent customer service to borrower, loan officer, vendors, and other interested parties
  • Prepare and sends approval and denial letters
  • Record data on the status of loans, including number of new applications and loans approved, cancelled or denied

What we are looking for:

  • 5+ years of experience
  • Demonstrated experience in Encompass
  • Demonstrated experience working in a fast paced and changing environment.
  • Demonstrated experience using available information to make sound business decisions
  • Demonstrated experience with attention to detail, written and oral communication, multi-tasking, and working in a team atmosphere adhering to tight deadlines
  • Solid knowledge and understanding of state and federal real estate lending regulations.
  • Solid knowledge and understanding of loan processing software systems.
  • Solid knowledge and understanding of desktop underwriting programs.
  • Extensive knowledge and understanding of customer service and intrapersonal best practices.
  • Solid knowledge and understanding of conventional and government (FHA/VA) loan requirements

Where you will work:

  • Downtown Chicago, IL branch location
  • Hybrid position. In office, three (3) days a week

What Fairway can offer YOU

  • Competitive compensation
  • Benefits include medical and dental insurance.
  • Life and Disability insurance
  • Matching 401k
  • Employee Stock Ownership Plan
  • Paid Time Off plus company-paid holidays
  • Employee discounts for wellness, pet insurance, auto and homeowners insurance, and MORE

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