Senior Mortgage Underwriter

Primary

Location:

Grand Rapids, MI or Livonia, MI
Employee Status:
Full-Time
Workplace Type:
Hybrid

The Senior Mortgage Underwriter’s responsibilities include analyzing and verifying complex loan applications, evaluating risks, and making loan eligibility decisions. A successful Senior Mortgage Underwriter should exercise sound judgment based on detailed analysis and ensure that all documentation complies with the relevant regulations for more complex loans.

• Underwrites more complex mortgage loan applications, including review of credit and collateral for all loan applications, income, and assets (including self‑employment income).
• Approves, counteroffers, or declines residential loan applications within delegated lending authority, ensuring files are fully underwritten to applicable guidelines, including those of the secondary market.
• Analyzes and reviews appraisal reports, requesting clarifications or corrections from vendors.
• Works as a team with Loan Processors and Sales regarding loan structure questions 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 industry and organizational trends and changes, including underwriting guidelines, mortgage products, and PMI updates, while serving as a subject matter expert in various areas related to mortgage underwriting.
• Complies with applicable laws and regulations, including the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
• Demonstrates a commitment to Lake Michigan Credit Union’s culture and core values of Curious Minds, Collaborative Hearts, and Continuous Excellence.

• 5+ years of similar or related experience, including preparatory experience.
• 3+ years of mortgage underwriting experience.
• High school diploma required; higher education strongly preferred.
• Understanding of current mortgage loan interest rates, commitment/rate lock/relock fee procedures, and consumer loan products including Execulines, second mortgage products, swing loans, and land loans.
• Proficiency with Collateral Underwriter application and loan origination software systems.
• Experience with Empower/Black Knight, Loan Beam, and Data Verify preferred.
• Understanding of Adverse Action guidelines and HDMA-related functions.

• Weekly pay and retirement savings options.
• Comprehensive health coverage, including medical (with prescription), dental, vision, HSA match, paid parental leave, and tuition reimbursement.

LMCU is an Equal Opportunity Employer.