Mortgage Loan Processor
Fairway Independent Mortgage Corporation
Clayton, NC US
Posted ago
Fairway Independent Mortgage Corporation

Our institution is experiencing rapid growth! We are building our capacity by hiring an experienced mortgage loan processor for our highly productive and skilled lending team. The successful applicant will be responsible for managing the loan process, from origination to close, while paying close attention to compliance with current lending policies and regulations. If you are a detail-oriented processor with a track record of accurate and timely mortgage approvals, we invite you to apply today!

Responsibilities

Essential Job Functions:

  • 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
  • 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 borrowers, loan officers, vendors, and other interested parties
  • Prepares and sends approval and denial letters
  • Records data on the status of loans, including number of new applications and loans approved, canceled or denied

Non-essential job functions

  • Participates in and leads proactive team efforts to achieve departmental and company goals
  • Adopts Fairway values in personal work behaviors, decision making, contributions, and interpersonal interactions
  • Contributes to a positive work environment by demonstrating cultural expectations and influencing others to reward performance and value "can do" people, accountability, diversity and inclusion, flexibility, continuous improvement, collaboration, creativity, and fun
  • Performs other duties as assigned

Qualifications
  • 2 years minimum experience in loan processing required

Required Knowledge and Skills:

  • 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

Required Education and Experience:

  • High School diploma or equivalency degree
  • 2 years minimum experience as a Loan Processor required
  • Demonstrated experience in or knowledge of the Mortgage industry preferred
  • Demonstrated experience analyzing and interpreting data
  • Demonstrated experience using available information to make sound business decisions
  • Demonstrated experience working in a fast-paced and changing environment
  • Demonstrated experience with attention to detail, written and oral communication, multi-tasking, and working in a team atmosphere adhering to tight deadlines
  • Demonstrated experience with MS Office software products including 10 key

Compensation
$60,000 - $80,000
About Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation is a national company with over 10,439 employees and 700 branches. Fairway reached over 65.8 Billion in volume in 2020. We have "10" core values that are the foundation from which our company was created.

  • Humility First
  • Foster Growth and Knowledge
  • Have Fun
  • Create an amazing experience for you
  • Speed to Respond
  • Seek Wise Counsel
  • Respect, Listen and Stay Balanced
  • Committed to serve
  • Consistent, Honest Communication
  • Family Focused


Our local Fairway branches consist of 5 high-volume offices in and around the Raleigh, North Carolina area.

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