Senior Loan Processor

4 days ago


Chicago, Illinois, United States Fairway Independent Mortgage Full time

Job Summary:

We are seeking a highly skilled Senior Loan Processor to join our team at Fairway Independent Mortgage. As a key member of our mortgage processing team, you will be responsible for preparing loan files for residential mortgage applications, communicating with branch and corporate employees, and ensuring timely and efficient loan processing.

Key Responsibilities:

  • Work with Loan Officers to determine product suitability and communicate changes to loan officers.
  • Comply with financial and other necessary data to complete loan files.
  • Order supporting documentation, such as appraisals, verifications of employment, and verifications of deposits.
  • Evaluate loan applications for reasonableness and escalate files for further evaluation if necessary.
  • Communicate with Loan Officers and borrowers 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 to ensure loans close on time.
  • Communicate with title companies, appraisers, and other vendors as required.
  • Provide excellent customer service to borrowers, loan officers, vendors, and other interested parties.
  • Prepare and send approval and denial letters.
  • Record data on the status of loans, including the number of new applications and loans approved, cancelled, or denied.

Requirements:

  • 5+ years of experience in mortgage processing.
  • 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.

About Fairway:

Fairway Independent Mortgage is committed to cultivating, fostering, and preserving a culture of diversity, equity, inclusion, and belonging. We strive to attract, recruit, hire, develop, and retain the very best employees at all levels. Fairway is an equal opportunity employer and 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 We Offer:

  • 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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