Branch Processor
Fairway Independent Mortgage Corporation - Franklin, TN
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The Branch Processor position prepares loan files for residential mortgage applications. Works with Loan Officer to determine product suitability; communicates changes to loan officer.Position Location: In office - Franklin, TNWhat you will do:Complies financial and other needed data to complete loan fileOrders supporting documentation, such as appraisals, verifications of employment, verifications of deposits, etc.Evaluates loan applications for reasonableness and, if needed, escalates files for further evaluationCommunicates with Loan Officer and borrower to obtain missing documentationReviews files for completeness prior to submission to UnderwritingObtains documentation needed to clear conditions, if requiredSubmits approved files to ClosingPrioritizes workflow so loans close on timeCommunicates with title company, appraiser, and other vendors as requiredProvides excellent customer service to borrower, loan officer, vendors, and other interested partiesPrepares and sends approval and denial letters. Directs client to Loan Officer or other Licensed employee to clarify and or answer any questionsRecords data on the status of loans, including number of new applications and loans approved, cancelled or deniedWhat we are looking for:1+ years of related experience.Demonstrated experience in or knowledge of the Mortgage industry preferredSolid 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 customer service and intrapersonal best practices.Solid knowledge and understanding of conventional and government (FHA/VA) loan requirementsSolid knowledge and understanding of desktop underwriting programs preferredAt 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 Fairway can offer YOU!Competitive compensationBenefits include medical and dental insurance.Life and Disability insuranceMatching 401kEmployee Stock Ownership PlanPaid Time Off plus company-paid holidaysEmployee discounts for wellness, pet insurance, auto and homeowner’s insurance, and MORE!#LI-DNI
Created: 2024-09-30