Branch Senior Processor

Job Posting

At Fairway, we are committed to cultivating, fostering, and preserving a culture of diversity, equity, inclusion, and belonging. We do this with dialogue and advocacy through voluntary employee-led resource groups and corporate-sponsored events. We strive to attract, recruit, hire, develop, and retain the very best employees at all levels. Fairway is committed to embracing talent and supporting a culture of inclusivity, reflective of Fairway's Core Values.

Fairway is an equal opportunity employer & is committed to equal treatment and opportunity in all aspects of recruitment, selection, and employment without regard to gender, race, religion, national origin, ethnicity, disability, gender identity/expression, sexual orientation, veteran or military status, or any other category protected under the law.

What you will do:

• Work with Loan Officer to determine product suitability; communicates changes to loan officer

• Complies financial and other needed data to complete loan file

• Order supporting documentation, such as appraisals, verifications of employment, verifications of deposits, etc.

• Evaluate loan applications for reasonableness and, if needed, escalates files for further evaluation

• Communicate with Loan Officer and borrower to obtain missing documentation

• Review files for completeness prior to submission to Underwriting

• Obtain documentation needed to clear conditions, if required

• Submit approved files to Closing

• Prioritize workflow so loans close on time

• Communicate with title company, appraiser, and other vendors as required

• Provide excellent customer service to borrower, loan officer, vendors, and other interested parties

• Prepare and sends approval and denial letters

• Record data on the status of loans, including number of new applications and loans approved, cancelled or denied

What we are looking for:

• 5+ years of experience

• Demonstrated experience in Encompass

• Demonstrated experience working in a fast paced and changing environment.

• Demonstrated experience using available information to make sound business decisions

• Demonstrated experience with attention to detail, written and oral communication, multi-tasking, and working in a team atmosphere adhering to tight deadlines

• 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.

• Extensive knowledge and understanding of customer service and intrapersonal best practices.

• Solid knowledge and understanding of conventional and government (FHA/VA) loan requirements

Where you will work:

• Downtown Chicago, IL branch location

• Hybrid position. In office, three (3) days a week

What Fairway can offer YOU!

• Competitive compensation

• Benefits include medical and dental insurance.

• Life and Disability insurance

• Matching 401k

• Employee Stock Ownership Plan

• Paid Time Off plus company-paid holidays

• Employee discounts for wellness, pet insurance, auto and homeowner's insurance, and MORE!