Mortgage Loan Processing/Closing Specialist (30810)

Title: Mortgage Loan Processing Closing Specialist

Department: Mortgage Operations

Reports To: AVP of Mortgage Operations

Job Grade: 10

FLSA: Non-Exempt Last Modified: 1/6/2025

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

The Mortgage Loan Processing Closing Specialist plays a key role in supporting mortgage loan closings from approval through post-funding. This role ensures the accuracy and integrity of final disclosures, closing documentation, funding, and delivery processes. It's a vital function that helps ensure UKFCU's compliance with lending regulations and investor requirements while creating a seamless experience for members completing the home financing journey.

What You'll Do

Loan Processing & Documentation Review

• Review loan application packages for accuracy, completeness, and compliance.
• Analyze borrower-provided financial documentation based on income structure and program requirements.
• Perform initial reviews of appraisals, title work, and legal descriptions to identify discrepancies or missing items.
• Ensure all required documentation is uploaded, indexed, and maintained accurately within the loan origination and imaging systems.

Underwriting & Conditions Coordination

• Submit loan files to underwriting for initial and final approval consideration.
• Communicate with mortgage loan officers, applicants, and borrowers to obtain missing information or documentation.
• Coordinate the satisfaction of underwriting conditions to support timely loan approval and closing.
• Track file status and maintain processing timelines to ensure loans move efficiently through each stage.

Closing Preparation & Coordination

• Coordinate loan closings with title companies and closing attorneys.
• Prepare and issue initial Closing Disclosures in compliance with regulatory timelines.
• Prepare complete closing packages and deliver documentation to closing agents.
• Support post-closing needs as required to ensure loan files are complete and accurate.

Reporting, Support & Cross-Coverage

• Complete required processing and closing reports as needed.
• Serve as back-up support for the Mortgage Application Specialist and Mortgage Loan Secondary Market Specialist during peak times or absences.
• Collaborate with the mortgage lending team to ensure consistent workflows and service delivery.

Who You Are

Experience & Education

* Associate's degree or equivalent experience

* 3-5 years of experience in mortgage processing or closing required

* Strong understanding of federal and state mortgage regulations

Skills & Strengths

* Thorough knowledge of loan documentation and closing practices

* Excellent attention to detail and organizational skills

* Proficiency in mortgage origination software and Microsoft Office Suite

Key Traits

* Dependable and deadline-driven

* Strong communicator and collaborator

* Solutions-oriented and responsive to changing priorities

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.

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.