Production Partner

Category Loan Ops - Loan Setup/LOA
Position Type
Regular
Location
Elmhurst, Illinois

Job Posting

 

Fairway Independent Mortgage Corporation (Fairway) is seeking a Production Partner to support our dynamic Loan Officers. If you thrive in a fast-paced environment and love supporting both clients and team members, apply today! 

Position Location: Elmhurst, IL

What you will do: 

Set-Ups:
• Contact all newly received applications within 24 hours of being assigned by the LO
• Fully review 1003 with the Borrower(s) and request any other specific documents for review.
• All efforts and avenues must be exhausted before turning down a pre-approval request.
• Continue to update the respective Realtor partner on your progress (when needed)
• Understand and research all investor guidelines and stay up to date in all program changes.

 

Pre-Approve:
• Effectively communicate all the pre-approval parameters established to the Borrower(s)
• Supplement the pre-approval letter with any pertinent documents (i.e. PreApproval Addendum,
completed All About You form, etc.)
• Provide a courtesy phone call/email to the referring Realtor within 24 hours of issuance. Ensure
the Realtor partner fully understands any important details of the pre-approval
• Rush any pre-approval requests when needed
• Communicate any red flags or major potential issues to the LO (if applicable) and Realtor partner
• Perform a one-hour weekly time-blocked pre-approval power hour accordingly

 

Contract-to-Close:
• Expeditiously onboard any newly received contracts and prepare for LO consultation call. 

Once a file is under contract, update Encompass accordingly, push file over to opening/processing
• Complete a “daily gauge check” each morning during a “pre-work ritual” to determine any
potential "choke points"
• Attend a weekly branch pipeline meeting to ensure all the required time-to-task objectives are
being met
• Perform outstanding Tuesday Update phone calls to all borrowers
• Communicate internally with the processing team to fully understand all required conditions
before contacting any borrower(s) and third parties
• Proactively contact the borrower(s), and the borrower(s)' Attorney and Real Estate Agent, 24
hours in advance of any mortgage contingency expirations, to request a necessary extension (we
fail if we are contacted first)
• Answer any post-closing and/or funding questions
• Be available after normal business hours in case of questions (email on a mobile device)
• Consistently exceed all borrower(s) and third party(s) expectations

 

What we are looking for:

 

Encompass experience required 

NMLS Licensed if possible

Mortgage Experience required 

 

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 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!

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