Equity Processor

Primary

Location:

Grand Rapids, MI

Employee Status:
Full-Time

Workplace Type:
Hybrid

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.

LMCU is looking for a Home Equity Processor who will be in charge of gathering the necessary information and documentation required for home equity loan applications. Their duties include carefully reviewing the home equity 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.

• 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.
• Basic knowledge of the different requirements for closing Home Equity loans.
• Ability to work in a fast-paced, deadline-oriented 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 !