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:
- 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!
