Company Research Report: Fairway Independent Mortgage Corporation

Company Overview

• Name: Fairway Independent Mortgage Corporation

• Mission: At Fairway Independent Mortgage Corporation, the mission revolves around customer service, which is seen as a way of life. The company aims to provide highly personalized service as a trusted mortgage advisor, helping customers through every step of the loan process while promoting community and culture from every level.

• Founded: 1996

• Founder: Steve Jacobson

• Key People:

• Steve Jacobson - CEO

• Len Krupinski - Chief Operations Officer

• Scott Fletcher - Chief Credit Officer

• Todd Gavinski - Chief Financial Officer

• Michael Blake - President of Capital Markets

• Julie Fry - Chief HR Officer

• Haley Parker - Chief Business Development Officer

• Paola Kielblock - President of Retail Products

• Louise Thaxton - AWI CEO and Branch Manager

• Randy Allen - Chief Information Officer

• Joy Knoch - Chief Strategy Officer

• John Hotchkiss - Chief Risk Officer

• Sherri Anderson - CEO Fairway Cares

• Trista Mayer - Chief Compliance Officer

• Tom Westerfield - President - FLS

• Jon Tobias - President Branch Production

• Kim Yowell - EVP Servicing

• Headquarters: 4750 S. Biltmore Lane, Madison, WI 53718

• Number of Employees: No information is available

• Revenue: The current loan volume for the year 2024 is reported as $20.841 billion.

• What is the Company Known For: Fairway Independent Mortgage Corporation is known for its rapid loan approval process with a significant focus on personalized customer service, community engagement, and making homeownership accessible through various mortgage options.

Products

Mortgage Loan Products

Fairway Independent Mortgage Corporation offers a variety of mortgage loan products tailored to meet the diverse needs of homebuyers. This include:

• Adjustable-Rate Mortgage: Provides an interest rate that may adjust after a certain period.

• Affordable Housing Loans: Designed to help borrowers overcome barriers to homeownership with more accessible terms.

• Conventional Loans: Standard home mortgage financing product.

• FHA Mortgage Loans: Government-backed loans designed to assist first-time homebuyers and those with lower credit scores.

• Fixed-Rate Mortgage Loans: Offers a constant interest rate and monthly payment, ideal for long-term planning.

• Jumbo Mortgage Loans: For financing loans above the typical conforming loan limits.

• Physician Loan Mortgages: Tailored for medical professionals with special terms.

• Refinance Loans: Assist in refinancing existing mortgage commitments.

• Renovation Loans: For people looking to buy and refurbish a property.

• Reverse Mortgage Loans: Provide options for seniors to convert home equity into cash.

• USDA Mortgage Loans: Available for rural property and farmland residences.

• VA Mortgage Loans: For veterans, service members, and select military spouses.

Recent Developments

• New Partnerships and Branch Launches:

• Fairway Mortgage opened a new branch in Fort Wayne, as of August 23, 2024.

• Promotion of key leadership personnel including Haley Parker and Brittny Hovland was announced on August 13, 2024.

• Accolades:

• Fairway was named in Newsweek's America’s Greatest Workplaces 2024 for Mental Wellbeing on July 16, 2024.

• Community Engagement:

• Through Fairway Cares and the American Warrior Initiative, the company continues its effort to expand non-profit outreach and community impact. Notably, they assisted a loan officer, Nicole Richert, whose house was destroyed during a storm, signaling significant in-house community support.

No more detailed information is available regarding specific new products launched or additional features added to existing services beyond what has been mentioned.