[Hiring] Loan Partner 2 (LP2) @Fairway Independent Mortgage Corporation

Role Description

Loan Partner 2 (LP2) – Loan Officer Assistant

Remote Available | $60,000–$75,000 Salary + Per-File Bonus

Join a High-Performing Mortgage Team. The LP2 plays a critical role in the success of our team by:

• Prequalifying borrowers
• Issuing accurate pre-approvals
• Managing the loan pipeline to ensure on-time closings

You will work closely with the Loan Officer, borrowers, processors, underwriters, and referral partners to create a smooth and exceptional client experience.

Our goal: 95%+ of loans close on time while delivering outstanding service.

This role requires strong knowledge of cash, credit, capacity (income), collateral, excellent communication skills, and the ability to proactively solve problems.

Qualifications

• Active NMLS license (or ability to obtain immediately)
• 3+ years’ experience in mortgage processing, underwriting, or origination
• Strong knowledge of DU/DO, LP, and investor guidelines
• Experience with Loan Origination Systems, such as:
  • ARIVE
  • LendingPad
  • Encompass
• Proficiency in Microsoft Office Suite
• Excellent verbal and written communication skills
• Strong time management and organizational skills
• Ability to work in a fast-paced, deadline-driven environment
• Ability to collaborate with team members across departments
• Spanish language skills are a strong plus

Requirements

• Contact all borrowers within 24 hours after the Initial Loan Consultation
• Review the borrower’s cash, credit, and income qualifications
• Review the 1003 application with borrowers and request documentation
• Explore all loan options before declining a pre-approval
• Keep referring Realtor partners updated on borrower progress
• Accurately issue pre-approval letters for qualified borrowers
• Provide payment scenarios and closing cost estimates
• Proactively follow up with pre-approved buyers
• Communicate pre-approval parameters clearly to borrowers
• Provide supporting pre-approval documentation
• Notify referring Realtors immediately when pre-approval is issued
• Expedite urgent pre-approval requests
• Identify and flag potential red flags or issues
• Onboard all newly received contracts for rate lock consultation
• Submit loan applications to processing for eDisclosures
• Monitor loan progress and perform daily pipeline reviews
• Deliver weekly borrower updates and Realtor updates when needed
• Ensure 95%+ of loans close on time
• Resolve 95%+ of issues before escalating to the Loan Officer
• Contact borrowers, attorneys, and Realtors before contingency deadlines
• Review Closing Disclosures for accuracy
• Conduct pre-closing calls 48 hours before closing
• Make congratulatory funding calls to borrowers and Realtors
• Provide post-closing support
• Maintain professional communication in all calls and emails
• Deliver a concierge-level experience for borrowers and referral partners
• Stay up to date on investor guidelines and program changes
• Attend team pipeline meetings and collaborate with processing teams
• Be available after hours for urgent borrower questions

Benefits

• $60,000 – $75,000 salary
• Per-file bonus (approximately $100 per file)
• Remote work available