What are the responsibilities and job description for the Senior Mortgage Processor position at LMCU?
Primary Location: Grand Rapids, MI
Employee Status: Full-Time
Workplace Type: Hybrid
Who we are:
At LMCU, you'll find more than just a job - discover a fulfilling career where your contributions truly matter. Join our talented team at Lake Michigan Credit Union and discover the difference an employer who puts people first can make in your career and life.
About this position:
The Senior Mortgage Processor role is responsible for gathering the necessary paperwork and documentation required for someone to apply for a mortgage loan. Their duties include carefully reviewing complex mortgage applications to confirm all essential fields have been appropriately completed as well as organizing additional application materials. This role will serve as the main point of contact for the borrower, real estate agent, mortgage loan originator, and mortgage underwriter, from origination through closing. Senior Mortgage Processors possess a detailed understanding of program guidelines and agency requirements and are subject matter experts.
What you’ll do:
If you lack access to the internet or require an accommodation in the application process, please send your resume via mail to 5664 Prairie Creek Drive, Caledonia, MI 49316.
LMCU is an Equal Opportunity Employer
Employee Status: Full-Time
Workplace Type: Hybrid
Who we are:
At LMCU, you'll find more than just a job - discover a fulfilling career where your contributions truly matter. Join our talented team at Lake Michigan Credit Union and discover the difference an employer who puts people first can make in your career and life.
About this position:
The Senior Mortgage Processor role is responsible for gathering the necessary paperwork and documentation required for someone to apply for a mortgage loan. Their duties include carefully reviewing complex mortgage applications to confirm all essential fields have been appropriately completed as well as organizing additional application materials. This role will serve as the main point of contact for the borrower, real estate agent, mortgage loan originator, and mortgage underwriter, from origination through closing. Senior Mortgage Processors possess a detailed understanding of program guidelines and agency requirements and are subject matter experts.
What you’ll do:
- Reviews underwriting decisions, prepares decision letters, and works with applicants to obtain any additional documents needed for final approval. Works with outside vendors to obtain appraisals and title documents in a timely manner while also staying in contact with the borrower and internal partners in order to complete the loan process.
- Processes more complex mortgage loan applications, including, but not limited to, conventional, government, bond/DPA, and new construction. Reviews credit reports, income and asset documentation, and confirms all documentation meets requirements to move forward with an underwriting decision.
- Demonstrates a high level of communication utilizing phone and email tools, providing service excellence at all times with the borrower as well as internal and external members.
- Finalizes the loan processing stage by preparing loans for submission to Closing Department. This includes, but is not limited to, obtaining homeowners insurance, payoffs, and coordination with Title Department as well as with internal partners in setting closing dates.
- Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
- Adhere to and champion our core values of curious minds, collaborative hearts, and continuous excellence.
- Three or more years of experience of mortgage loan and/or processing experience or training.
- High School diploma or equivalent required, higher education preferred.
- Experience with different types of mortgage loans, escrow and ARM requirements.
- Strong communication and relationship-building skills with the ability to influence stakeholders and navigate sensitive or confidential discussions with professionalism and diplomacy.
- Proficiency with Microsoft Office and web-based tools, with advanced knowledge of AllRegs preferred.
- Strong written and verbal communication skills with the ability to collaborate effectively with internal partners.
- Ability to work independently, manage multiple priorities, and adapt in a fast-paced environment.
- All Employees: weekly pay and retirement savings options.
- Full Time Employees: comprehensive health coverage including medical (with prescription), dental, vision, HSA match, paid parental leave, and tuition reimbursement.
- To see a full list of our benefit offerings, check out this helpful guide!
If you lack access to the internet or require an accommodation in the application process, please send your resume via mail to 5664 Prairie Creek Drive, Caledonia, MI 49316.
LMCU is an Equal Opportunity Employer