How many employees does Fairway Mortgage have?

Founded in April 1996, Fairway Independent Mortgage Corporation employs over 10,000+ employees in over 345+ branches nationwide. At Fairway, customer service is a way of life.

How big is Fairway Independent Mortgage?

Fairway has over 10,000 team members with more than 3,000 producers in more than 690 branch and satellite locations nationwide. With a strong focus on purchase business, we continue to grow each year, funding over $65.8 billion in 2020.

Who owns Fairway Independent Mortgage?

Since establishing Fairway Independent Mortgage Corporation in 1996, founder and CEO, Steve Jacobson has been an innovative leader in the mortgage industry. In the past 25 years, the company has continually grown, closing over $65.8 billion in 2020 alone and employing close to 10,000 team members nationwide.

Is Fairway mortgage employee owned?

Fairway Independent Mortgage Corp. in Madison, Wis., has launched an employee stock ownership plan. The move has been years in the making, according to Chief Executive Steve Jacobson.

Is Fairway mortgage a good place to work?

Fairway is a great place to start, the marketing team has a lot of people and a lot of fun but the culture is always changing and you will be underpaid with little opportunity for raises. Some of your jobs will be supporting the Loan officers so if you do not have customer service experience it may be a shock.

What is Fairway mortgage worth?

Does fairway service their own loans?

They seem to do the most business in the state of Texas, followed by Arizona, Washington, Colorado, and California. In 2013, they also began servicing their own loans as opposed to selling them off to other companies.

Who is the number one mortgage lender?

What is the 28 36 rule?

A Critical Number For Homebuyers

One way to decide how much of your income should go toward your mortgage is to use the 28/36 rule. According to this rule, your mortgage payment shouldn’t be more than 28% of your monthly pre-tax income and 36% of your total debt. This is also known as the debt-to-income (DTI) ratio.

How much can I afford for a house if I make 60000 a year?

The usual rule of thumb is that you can afford a mortgage two to 2.5 times your annual income. That’s a $120,000 to $150,000 mortgage at $60,000.

How many employees does Fairway currently have nationwide?

Founded in April 1996, Fairway Independent Mortgage Corporation employs over 10,000+ employees in over 345+ branches nationwide.

How much does an independent loan processor make?