Mortgage Loan Processor - Branch
Fairway Independent Mortgage
Milwaukee, WI US
Posted ago
Fairway Independent Mortgage

The Branch Mortgage Loan Processor position prepares loan files for residential mortgage application underwriting. The candidate in this role also communicates with branch and corporate employees in a timely, efficient, and courteous manner. Residential Mortgage Processing experience in the last 2 years is a must. Preferably in a correspondent lending company but bank processing background is also acceptable.

The ideal candidate will have at least 2 years of processing experience.

This is a remote position, and most of the branches will be in the Midwest

You will be processing for branches, this is not a processing center environment.

Responsibilities

  • Works with Loan Officer to determine product suitability; communicates changes to loan officer
  • Complies financial and other needed data to complete loan file
  • Orders supporting documentation, such as appraisals, verifications of employment, verifications of deposits, etc.
  • Evaluates loan applications for reasonableness and, if needed, escalates files for further evaluation
  • Communicates with Loan Officer and borrower to obtain missing documentation
  • Reviews files for completeness prior to submission to Underwriting
  • Submits files to underwriting and receives approval back from underwriting.
  • Obtains documentation needed to clear conditions, if required
  • Submits approved files to Closing
  • Prioritizes workflow so loans close on time
  • Communicates with title company, appraiser, and other vendors as required
  • Provides excellent customer service to borrower, loan officer, vendors, and other interested parties
  • Prepares and sends approval and denial letters, notices of inaction, etc.
  • Directs client to Loan Officer or other licensed employees to clarify and/or to answer any questions
  • Records data on the status of loans, including the number of new applications and loans approved, canceled or denied

Qualifications

  • Solid knowledge and understanding of conventional and government (FHA/VA) loan requirements
  • 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 preferred
  • Extensive knowledge and understanding of customer service and intrapersonal best practices
  • Experience in the jumbo lending arena is a plus

Compensation
$60,000 - $100,000
About Fairway Independent Mortgage

Fairway Independent Mortgage is rated #1 best mortgage company to work for 6 years in a row! This is an outstanding chance to work for a well-established company with a supportive culture. Compensation is commensurate with your skills.

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