Residential Loan Processor
Fairway Independent Mortgage Corp
Naperville, IL US
Posted ago
Fairway Independent Mortgage Corp

The Branch Processor position prepares loan files for residential mortgage applications. The candidate in this role also communicates with branch and corporate employees in a timely, efficient, and courteous manner. Residential Mortgage Processing experience is a must. Bilingual is a plus.

  • 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 borrower, loan officer, vendors, and other interested parties
  • Prepares and sends approval and denial letters
  • Directs client to Loan Officer or other Licensed employee to clarify and/or to answer any questions
  • Records data on the status of loans, including number of new applications and loans approved, cancelled or denied
  • 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
$30,00 - $70,000 (DOE)
About Fairway Independent Mortgage Corp

Opportunities for advancement and growth with one of the fastest-growing mortgage companies in America.

Outstanding chance to work for a 23-year-old company with a supportive culture that is willing to invest in your career development

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