Job Description

The Branch Processor position prepares loan files for residential mortgage applications. Works with Loan Officer to determine product suitability; communicates changes to loan officer Communicates with branch and corporate employees in a timely, efficient, and courteous manner.

ESSENTIAL JOB FUNCTIONS:

• Compiles 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 answer any questions
• Records data on the status of loans, including number of new applications and loans approved, cancelled 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

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
• 1+ years of experience as a Loan Processor strongly preferred
• 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

PHYSICAL ENVIRONMENT:

• This position is primarily an in office position
• Normal office environment

TRAVEL EXPECTATIONS:

• Local travel may be required for company or career-related meetings, programs, and/or events.

REASONABLE ACCOMMODATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable Accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

Company Description

Whether you’re looking to advance your career as a mortgage professional in our branch network or in a corporate support role, we offer a variety of opportunities to help you grow personally and professionally. Here at Fairway, we strongly believe the way we do things is just as important as what we do. Our Core Values define how we work together as a team, support individual growth, and guide us in determining how we can best serve our customers, team members and communities. We believe that success is determined by the depth of our commitment to perform as a unified team, which is why we could not succeed without every person at Fairway. We also understand that loan originators, also known as “The Street,” are the true driving force for our company. Our horizontal management structure provides our branch network with some of the fastest turn times in the industry giving a clear advantage in each market. We are a team-oriented, sales-minded organization that truly respects The Street’s needs by providing: •Entrepreneurial branch platforms •Extensive loan products and programs •Competitive and flexible pricing •Fast Underwriting turn times •Exceptional Rush Team •Knowledgeable Support Teams •Employee Stock Ownership Plan (ESOP) •Cutting-edge marketing resources, including free access to Home Buyers Marketing (HBM)