Mortgage Loan Processor
Fairway Independent Mortgage Corp
Remote
Posted ago
Fairway Independent Mortgage Corp

Mortgage Loan Processor - experience necessary

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
$65,000 - $100.000+ yearly
About Fairway Independent Mortgage Corp

Fairway 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.

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