Residential Construction Loan Specialist

Fort Knox Federal Credit Union; United Kingdom; On-site; GBP 30,000 - 45,000; Full time

Job summary

A leading credit union in the United Kingdom is seeking a Residential Construction Loan Specialist to manage construction loans from start to finish. Responsibilities include maintaining loan pipelines, ensuring compliance, and providing support to members and builders. The ideal candidate will have a high school diploma and at least two years of financial industry experience. This role offers comprehensive benefits including health insurance and a 401(k) plan.

Benefits

Health, Dental, Vision Insurance

Paid Personal Time Off

401(k) with matching funds

Qualifications

• Minimum 2+ years financial industry experience.
• Familiarity with Mortgage Loan Origination processes.
• Ability to maintain professional demeanor in all situations.

Responsibilities

• Manage multiple aspects of construction lending program.
• Maintain updated pipeline report of Construction loans.
• Provide monthly reporting on in-progress construction loans.

Skills

Ability to analyze member account information

Knowledge of loan procedures and products

Self-motivated and enthusiastic

Ability to operate a personal computer

Interpersonal skills with members

Education

High School diploma or GED

Job description

Career Opportunities with Abound Credit Union

A great place to work.

Careers at Abound Credit Union

Current job opportunities are posted here as they become available.

Residential Construction Loan Specialist

Residential Construction Loan Specialist

Are you ready to join a team that is committed to hardworking Kentuckians?

If so, Abound Credit Union might be the place for you!

We are driven by our selfless dedication to members and community. We create a connected, learning-driven, and fun environment that fuels our passion to inspire financial wellness. We do that by sharing our knowledge, strength, and accessibility to provide market-leading value that makes more possible for our members.

Here at Abound Credit Union, culture is a big deal. We roll up our sleeves each day to make this an awesome place to work. We want to bring great things to our communities, be awesome to each other, ready for whatever comes our way, and are hungry to learn and grow as people and professionals. Our best is built from the inside out.

As Residential Construction Loan Specialist at Abound Credit Union, you will be engaged in a rewarding and challenging environment to manage multiple aspects of the credit union’s construction lending program.

What You’ll Do:

• Loan Pipeline Maintenance - Maintain an updated pipeline report of Construction loans, review daily to ensure loans are moving forward in a timely manner and provide updates to loan officers and escalates to management as needed.
• Reporting - Provide monthly reporting to management on in progress construction loans, total outstanding balances and undisbursed loan commitments to ensure complete visibility around projects staying on track and on budget.
• Builder Management – Coordinate the initial builder approval, if needed, and submit approval requests to the Manager – Mortgage Processing and Closing. This includes working with Abound loan officers, managers and builders to collect all required due diligence information, managing builder communications prior to and during the loan closing and construction phase.
• Draw Request and Maintenance - Provide administrative support for members and their builders during the construction phase of the loan. This includes handling draw requests, coordinating inspections and title updates as needed, disbursing and distributing funds as outlined in the builder contract and monitoring project progress to ensure completion of the build and the project is on budget.
• Conversion to Permanent Financing - As homes are completed, the Construction Specialist will be responsible for ensuring members have a certificate of occupancy and collecting final builder affidavits ensuring clear title. As homes are completed, coordinate with members to execute final documentation, collect any funds due, ensure notary as needed to convert loan to permanent financing. Update FICS Mortgage Servicing system to ensure the permanent loan documentation and servicing system parameters are in sync. Transition loan to Mortgage Post Closing for final review.
• Compliance Support - Performs manual HMDA review daily for denied, withdrawn and incomplete mortgage applications, to ensure accurate reporting and works directly with compliance area (weekly reports) to address LAR gaps.
• Clerical Support – Mail Adverse Action notices to members for mortgage applications each day. Order supplies and process incoming mail for mortgage department and other back-office lending areas.

Full job description will be provided if you are selected for an interview.

What We Need:

• High School diploma or GED – minimum 2+ years financial industry experience.
• Ability to analyze member account information and identify Credit Union products and services of potential benefit to the member.
• Knowledge of loan procedures and products.
• Familiarity with Mortgage Loan Origination and ability to learn systems, platforms, and processes used in mortgage origination and processing.
• Ability to deal with members with tact and courtesy and maintain professional demeanor in all situations.
• Ability to operate a personal computer with a high level of proficiency in such software applications as word processing, spreadsheets, internet and email. Ability to operate a fax, calculator and copier.
• Self‑motivated, enthusiastic, and aggressive with a willingness to support others within the Credit Union.
• Pension
• Health, Dental, Vision and Other Insurance Coverage
• Paid Personal Time Off
• Paid Holidays
• Life Insurance
• Short and Long‑Term Disability
• 401(k) with matching funds
• Tuition Reimbursement
• HSA, FSA, and Dependent Care Spending Accounts