Loan Partner 2 / Processor

Employment Type

: Full-Time

Industry

: Miscellaneous



Job Posting 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 #indeed #LI-MW1

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