Mortgage Loan Application Specialist

Title: Mortgage Loan Application Specialist

Department: Mortgage Lending

Reports To: Associate Vice President of Mortgage Lending

Job Grade: 8

FLSA: Non-Exempt Last Modified: 3/14/2025

It's a Job ... Only better!

At UKFCU, we're more than a Credit Union - we're a community, and we've been proudly serving our members since 1937! As a rapidly growing, not-for-profit organization, we're dedicated to making a real difference in the lives of our members and employees alike. If you're looking for a workplace where you can grow, make an impact, and have fun while helping others, UKFCU is the place for you!

Why This Role Matters

As a Mortgage Loan Application Specialist, you will play a crucial role in ensuring the smooth and timely disclosure of conventional, government, and portfolio mortgage loans. Your attention to detail and knowledge of compliance regulations will help streamline loan processing and support both members and internal teams. More than just reviewing applications, you will be responsible for maintaining accuracy, efficiency, and regulatory adherence in the early stages of the mortgage loan process. Your contributions will directly impact the success and satisfaction of our members and the organization.

What You'll Do

Application Review & Disclosure Management:

• Review mortgage loan applications for accuracy and completeness within the loan origination system.
• Verify accuracy of disclosures previously provided to borrowers.
• Prepare and provide early disclosures to applicants within required regulatory timeframes.
• Prepare and issue re-disclosures when necessary, based on valid changes in circumstances.
• Ensure proper documentation and imaging of all early disclosure paperwork.

Loan File Preparation & Coordination:

• Monitor new loan requests and ensure timely preparation of early disclosures.
• Communicate with mortgage loan officers and applicants to obtain missing application details.
• Assign files to Mortgage Loan Processors for the next stage of loan processing.
• Initiate third-party work orders once a fully executed Notice of Intent to Proceed is received.
• Serve as a backup to Secondary Market Specialist when needed.

Compliance & Operational Support:

• Ensure adherence to internal UKFCU policies and board-established guidelines.
• Comply with federal, state, and local mortgage regulations.
• Maintain confidentiality of member and employee information.
• Assist in problem resolution by addressing member concerns and escalating issues when necessary.
• Stay informed of industry trends, competitor practices, and regulatory changes.

Who You Are

Experience & Education

• One to two years of similar or related experience required.
• Experience with secondary market processing preferred.
• Associate's degree or equivalent experience.

Skills & Strengths

• Strong understanding of federal and state mortgage regulations.
• Exceptional attention to detail and accuracy.
• Ability to communicate effectively with members, colleagues, and stakeholders.
• Ability to work independently while managing multiple priorities.
• Strong analytical and problem-solving skills.
• Proficiency in loan origination software and Microsoft Office applications.

Key Traits

• Professionalism in all communications and interactions.
• Integrity in all actions and decision-making.
• Commitment to teamwork and collaboration.
• Accountability for meeting performance goals and deadlines.
• Adaptability to regulatory changes and procedural updates.

What's In It for You?

• Competitive salary and industry-leading benefits.
• Opportunities for professional growth and leadership development.
• A chance to make a lasting impact on our members and the organization's future.

Legalese

Equal Opportunity Employer

UKFCU is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Employment decisions are made without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, veteran status, or any other characteristic protected by applicable law.

At-Will Employment

Employment with UKFCU is deemed "at-will," which means that either you or the company may terminate the employment relationship at any time, with or without cause or notice, unless otherwise provided by law.

Physical and Cognitive Demands

This role requires a blend of physical activity and mental focus to effectively perform its essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this role. Key physical activities include sitting, standing, walking, and occasional lifting (up to 25 pounds). You'll also use your hands for various tasks, reach with your arms, and engage in conversations. Vision requirements include the ability to focus, perceive depth, and distinguish colors. Cognitive abilities essential for this role include judgment, auditory perception, memory, reasoning, and occasional persuasion.

Work Environment

You'll primarily work indoors in a comfortable, climate-controlled office setting. The noise level is typically moderate, ensuring a focused yet dynamic work environment. Reasonable accommodations will be provided as needed to support an inclusive workplace.

This job description provides a general overview of the responsibilities and expectations for this role. It is not a comprehensive list of tasks, and employees may be asked to take on additional duties to support team success.

Applications are only accepted through our online application system. However, if you need assistance with any part of the application process or are unable to apply online because of a medical condition or disability and need an accommodation, please contactrecruiting@ukfcu.orgto let us know the nature of your request. Please note, UKFCU accepts only employment applications that are complete and received by the Office of Human Resources by the specified deadline for each opening.

This position allows for an optional hybrid work arrangement which includes a combination of both in-office and remote work arrangements. (Maximum of two days remote, three days in-office). To be eligible for the program, employees must complete a minimum of 90 days of continuous, regular employment, be in good standing, and submit a formal hybrid work application prior to being eligible for hybrid work, pending supervisor approval. Work schedules will be established by the employee's supervisor according to business needs. Working locations and schedules may be altered at management discretion.