What are the responsibilities and job description for the Small Business Lending Intern position at LMCU?
Job Title: Small Business Lending Intern
Primary Location: Grand Rapids, MI
Employee Status: Part Time Hourly
Estimated Hours/Week: 20-25
About this Position:
The Small Business Lending Intern will assist with loan processing for the Small Business Lending Program while adhering to the current Small Business Lending Standard Operating Procedures in force at the time the loan is being processed.
What You'll be doing:
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:
Mail your resume to: PO Box 2848, Grand Rapids, MI 49501
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: Part Time Hourly
Estimated Hours/Week: 20-25
About this Position:
The Small Business Lending Intern will assist with loan processing for the Small Business Lending Program while adhering to the current Small Business Lending Standard Operating Procedures in force at the time the loan is being processed.
What You'll be doing:
- Monitoring Lender AI CRM platform and following up on applications for the credit union’s Small Business Lending loan program.
- Performing all loan closing tasks for the Small Business Lending loan program. Tasks may include loan onboarding, generating loan documents for processing loans, lien perfection, and post-close due diligence to ensure completeness, accuracy, and compliance with Small Business Lending policy.
- Collecting all necessary loan documentation from borrower(s) pertinent to the Small Business Lending request. Documents may include business and personal tax returns, vehicle titles, insurance, and other applicable items.
- Performing Small Business Lending loan servicing as a secondary contact for member loan questions, payment issues, and other general inquiries.
- Conducting general loan maintenance, such as address changes, ACH information, payment adjustments, and more.
- Complying with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
- College student freshman, sophomore, junior, senior or master level status or a recent college graduate within the last 3 months with a focus in a business related field is preferred.
- Excellent written and verbal communication skills.
- 3.0 GPA or greater.
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:
Mail your resume to: PO Box 2848, Grand Rapids, MI 49501
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