What are the responsibilities and job description for the Home Equity Processor position at LMCU?
Job Title: Home Equity Processor
Primary Location: Grand Rapids, MI
Employee Status: Full-Time Hourly
Estimated Hours/Week: 38 Hours/Week
What You’ll Get: (note varied offerings based on role and hours)
LMCU is looking for a Home Equity Processor who will be in charge of gathering the necessary information and documentation required for mortgage loan applications. Their duties include carefully reviewing the mortgage applications to confirm all essential fields have been appropriately completed as well as organizing additional application documentation. This role will serve as the main point of contact for the borrower, loan officer, and underwriter from origination to closing.
What you’ll do:
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: Careers@lmcu.org.
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.
LMCU is an Equal Opportunity Employer
Primary Location: Grand Rapids, MI
Employee Status: Full-Time Hourly
Estimated Hours/Week: 38 Hours/Week
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
- To see a full list of our benefit offerings – check out this helpful guide!
LMCU is looking for a Home Equity Processor who will be in charge of gathering the necessary information and documentation required for mortgage loan applications. Their duties include carefully reviewing the mortgage applications to confirm all essential fields have been appropriately completed as well as organizing additional application documentation. This role will serve as the main point of contact for the borrower, loan officer, and underwriter from origination to closing.
What you’ll do:
- Process Home Equity applications, including reviewing credit reports, income, assets (if applicable), and confirming all documentation meets requirements.
- Review underwriting decisions and prepare decision letters as appropriate while working directly with applicants to obtain outstanding items required by underwriting for a clear to close.
- Demonstrate a high level of communication with members and internal and external partners to always provide service excellence.
- Finalize the loan processing stage by preparing loans for submission to the closing team. This includes, but is not limited to, obtaining homeowners insurance documents, payoffs, and coordination of closings with remote notary closings or branches in setting closing dates.
- Two or more years of similar or related experience, including preparatory experience.
- Knowledge of the different requirements for closing Home Equity loans.
- Ability to work in a fast-paced, deadline-oriented environment.
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: Careers@lmcu.org.
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.
LMCU is an Equal Opportunity Employer
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