Mortgage Loan Processor
Fairway Independent Mortgage
Chicago, IL US
Posted ago
Fairway Independent Mortgage

Mortgage Loan Processor - only experienced candidates need to apply

While we have identified areas where remote processors are appropriate. we have opened a Mortgage Loan Processor position today, specifically for Chicago offices. The candidate will coordinate activities with the branch teammates, corporate employees, and clients in a timely, efficient, and courteous manner. REQUIRED - You have AT LEAST 2 years experience - "a must". It's helpful if the person comes from a correspondent lender but bank processing background is acceptable.


  • This is an on-site position! - located in the Chicagoland area
  • The candidate will be processed for branch and this is NOT a processing center environment
  • Bilingual - Spanish is a big plus

Responsibilities

  • The processor works with Loan Officer to determine product suitability and communicates changes to a loan officer
  • Gathers financial and other needed data to complete loan file
  • Evaluates loan applications for reasonableness and, if needed, escalates files for further evaluation
  • Works closely with Loan Officer and borrower to obtain missing documentation
  • Reviews files for completeness before sending to underwriter
  • Communicates with Underwriter to troubleshoot potential issues and discuss concerns
  • Modifies loan specifications as suggested by Underwriter
  • Obtains documentation needed to clear conditions, if required
  • Communicates with the title company, appraiser, and other vendors as required
  • Provides excellent customer service to borrowers, loan officers, vendors, and other interested parties

Qualifications

  • Solid understanding of conventional and government (FHA/VA) loan requirements
  • Solid knowledge of state and federal lending regulations
  • Handle DU and LP
  • Calculate Income, manually
  • Solid knowledge loan processing software (encompass experience is a plus)
  • Extensive understanding of desktop underwriting programs preferred
  • Extensive knowledge and understanding of customer service and intrapersonal best practices

Compensation
$65,000 - $100,000+ yearly
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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