Senior Mortgage Underwriter

Job Title : Senior Mortgage Underwriter

Primary Location : Michigan – Grand Rapids or Livonia areas

Employee Status : full-time hourly

Estimated Hours / Week : 38

What You’ll Get : (note varied offerings based on role and hours)

• Weekly Pay
• Comprehensive Health & Wellness package including Medical (with prescription coverage), Dental, and vision
• Matching Health Savings Account Contributions, Dependent Care flexible spending account (FSA)
• Retirement options like 401 (k) with company match and pension.
• Paid time off : Vacation, Personal days, paid holidays, paid volunteer time, sick days, & flex time.
• Tuition reimbursement

About this position :

LMCU is looking for a Senior Mortgage Underwriter who will analyze verify complex loan applications, evaluate risks, and make loan eligibility decisions. A successful Senior Mortgage Underwriter should be able to exercise sound judgment based on detailed analysis and ensure that all documentation follows the relevant regulations.

What you’ll do :

Underwrites complex mortgage loan applications including review of credit and collateral for all loan applications, income, and assets (including self-employment income). As part of the process, the Underwriter will approve, counteroffer, or decline residential loan applications within delegated lending authority, ensuring that files are fully underwritten to applicable guidelines including those of the secondary market.

Analyzes and reviews appraisal reports and requests clarifications or corrections from vendor.

Works as a team with the Loan Processors and Sales in regards to questions on loan structure and guideline adherence.

Maintains a working pipeline while ensuring productivity levels are met and credit quality meets all defined standards.

Updates information on loan origination systems to verify, add, and satisfy conditions.

Stays current with various industry and organizational trends and changes including changes with underwriting guidelines, mortgage products, and PMI updates, while also serving as a subject matter expert in various areas related to mortgage underwriting.

What You’ll Bring :

Five or more years of similar or related experience, including preparatory experience.

At least 3 years experience of mortgage underwriting required.

Knowledge of FHA, VA, Freddie, Fannie Mae, and construction permanent loans.

Experience in Empower, LoanBeam, and DataVerify a plus.

Must be savvy in CollateralUnderwriter application.

Is responsible for a width of information including but not limited to : the organizations current mortgage loan interest rates, commitment / rate lock / relock fee procedures, consumer loan products / rates / guidelines that are used in conjunction with Mortgage Lending (Execulines, second mortgage products, swing loans, land loans, etc.), any loan origination software system. Understands Adverse Action guidelines and other critical HDMA-related functions.

Who We Are :

We’re proud of our past, thrilled with our present, and couldn’t be more excited about our future! Lake Michigan Credit Union has grown to become one of the largest credit unions in the nation with our headquarters in West Michigan.

As a credit union, LMCU is a not-for-profit institution, owned by its members, instead of corporate stock holders. We are accountable directly to our members, and they directly share in our success – benefitting by lower and fewer fees, better savings and checking interest rates, lower cost mortgages and a host of other advantages that simply don’t exist at traditional banks.

It’s about always doing what’s best and right for our members - it guides everything we do.

From friendly, knowledgeable and professional employees who greet you by name, to offering stellar value at every turn, LMCU works for its members.

Working with LMCU you can grow and advance in your career and work with talented teams that help you become better each and every day. As an employee you can have confidence in knowing your work is having an impact by supporting our mission of serving our members’ lifetime financial needs.

You’ll be encouraged to innovate and excel and we're committed to your empowerment as an employee, providing ongoing training, development, support, and opportunities for you to achieve your career goals.

Have additional questions about the role?

You may email us at :

If you lack access to the internet or internet connectivity, or have a disability that hinders your ability to apply online, please choose one of the following options to obtain assistance :

Call us at : (616) 242-9790

Mail your resume to : 5664 Prairie Creek Drive, Caledonia, MI 49316

Please Note : These options are reserved for use by individuals requesting an accommodation as a candidate. Information received via these options will be routed to our HR team, who will provide appropriate assistance to facilitate the completion of LMCU’s online application.