Job Description

MORTGAGE LOAN PROCESSOR - ONLY EXPERIENCED CANDIDATES NEED APPLY

We have opened a Mortgage Loan Processor position today specifically for Chicago offices. This position handles loan files for residential mortgages. The candidate in this role also coordinates with the branch teammates, corporate employees, and clients in a timely, efficient, and courteous manner. You have AT LEAST 2 years experience - "a must". Best if the person comes from a correspondent lending company but a bank processing background is acceptable.

• This is an on-site position, located in the Chicagoland area, in a pleasant office environment
• Candidate will be processing for branch and this is NOT a processing center environment
• Bilingual - Spanish is a big plus

COMPENSATION: $65,000 - $100,000+ yearly

RESPONSIBILITIES:

• Processor works with Loan Officer to determine product suitability and communicates changes to a loan officer
• Gathers financial and other needed data to complete loan file
• Evaluates loan applications for reasonableness and, if needed, escalates files for further evaluation
• Works closely with Loan Officer and borrower to obtain missing documentation
• Reviews files for completeness before sending to underwriter
• Communicates with Underwriter to troubleshoot potential issues and discuss concerns
• Modifies loan specifications as suggested by Underwriter
• Obtains documentation needed to clear conditions, if required
• Communicates with the title company, appraiser, and other vendors as required
• Provides excellent customer service to borrowers, loan officers, vendors, and other interested parties

QUALIFICATIONS:

• Solid understanding of conventional and government (FHA/VA) loan requirements
• Solid knowledge of state and federal lending regulations
• Handle DU and LP
• Calculate Income, manually
• Solid knowledge loan processing software (encompass experience is a plus)
• Extensive understanding of desktop underwriting programs preferred
• Extensive knowledge and understanding of customer service and intrapersonal best practices

ABOUT COMPANY Fairway Independent Mortgage 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. Compensation is commensurate with your skills.