Consumer Lending Underwriter

Lake Michigan Credit Union; United States; On-site; USD 52,000 - 72,000; Full time

Benefits offered by this job

Weekly pay and retirement savings

Health coverage (medical, dental, vis,

Tuition reimbursement

Job summary

Lake Michigan Credit Union is seeking a detail-oriented Consumer Lending Underwriter to evaluate loan applications, make sound credit decisions, and deliver an exceptional member experience. The role requires strong analytical skills and a focus on helping members navigate their financial needs.

The position is fully on-site in Grand Rapids, MI, and includes opportunities to participate in lending growth and stay updated on industry regulations.

Qualifications

• 3–5 years in consumer lending, underwriting, or related financial services.
• High school diploma or equivalent; finance/business coursework is a plus.
• Strong analytical and decision-making abilities.
• Excellent written and verbal communication.

Responsibilities

• Interview loan applicants to gather information about their financial needs and condition.
• Analyze financial profiles, credit reports, and docs to assess risk and eligibility.
• Approve, deny, or accelerate loan applications per policies.
• Educate members on loan products and terms to fit their needs.
• Prepare and review loan documentation for accuracy and compliance.
• Process servicing actions like collateral releases, mods, and deferrals.
• Monitor funded loans and coordinate with collections when needed.
• Support sales and business development to grow lending.

Skills

Analytical skills

Decision-making

Communication skills

Explain concepts clearly

Detail-oriented

Multi-tasking

Member service

Education

High school diploma or equivalent

Finance / business coursework (plus)

Tools

Lending systems

Credit analysis tools

Loan documentation processes

Job description

Primary Location: 4027 Lake Drive, Grand Rapids, MI Employee Status: Full-Time Workplace Type: Fully On-Site

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: Lake Michigan Credit Union is seeking a detail-oriented and member-focused Consumer Lending Underwriter to join our team. In this role, you will play a critical part in supporting our members’ financial goals by evaluating loan applications, making sound credit decisions, and delivering an exceptional member experience. This position is ideal for a lending professional who combines strong analytical skills with a passion for helping others navigate their financial needs.

What you’ll do:

• Interview loan applicants to gather information about their financial needs, income, and overall financial condition.


• Analyze applicants’ financial profiles, credit reports, and supporting documentation to assess risk and determine loan eligibility.


• Approve, deny, or accelerate loan applications in accordance with established lending policies and authority limits.


• Educate members on available loan products, helping them understand options and selecting the best solution for their needs.


• Establish loan terms and clearly communicate conditions, rates, and repayment expectations to members.


• Prepare and review loan documentation to ensure accuracy, completeness, and compliance.


• Process and authorize servicing actions such as: Collateral releases, loan modifications and due date changes, payment deferrals or waivers.


• Monitor funded loans to ensure adherence to terms and coordinate with collections when necessary.


• Participate in sales and business development activities to support lending growth.


• Stay informed on industry trends, regulatory changes, and best practices in consumer lending.


• Adhere to and champion our core values of curious minds, collaborative hearts and continuous excellence.


• Adhere to all applicable federal and state laws, regulations, and guidance; comply with LMCU policies and procedures; complete required training.

What you’ll bring:

• Strong analytical and decision-making skills with the ability to assess financial risk.


• Excellent written and verbal communication skills.


• Ability to explain complex financial concepts in a clear, member-friendly way.


• Detail-oriented with strong organizational skills.


• Ability to manage multiple priorities in a fast-paced environment.


• Commitment to delivering exceptional member service.


• Experience with lending systems, credit analysis tools, and loan documentation processes preferred.

Preferred Education and Experience:

• 3–5 years of experience in consumer lending, underwriting, or a related financial services role.


• High school diploma or equivalent required; additional education in finance, business, or a related field is a plus.

What you’ll get:

• 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!

LMCU is an Equal Opportunity Employer

LMCU is an Equal Opportunity Employer

LMCU is fundamentally different than a bank, both in our structure and mission. Our goal has always been to do what is best for our members. This approach guides every decision we make and every service we offer. As a credit union, our goal isn’t to generate profits for shareholders, it’s to improve the lives of our members. LMCU is consistently rated in the top ten in the nation for Return of the Member by Callahan & Associates, meaning we give back more to our members in the form of higher rates when they save and lower rates when they borrow. At LMCU, the emphasis on delivering real value to our members has been job one, since day one. As one of the largest credit unions in the nation for several years running, LMCU has earned many awards and accolades such as inclusion as one of the 101 Best and Brightest Companies to Work For Nationally and being recognized by Forbes as a Great Place to Work.

As an employee, you'll enjoy a stimulating, professional atmosphere, supported by the latest technology, training, and development. We recognize that a healthy balance between work, home life, and play is essential to our employees and our success. We offer a friendly, respectful and inclusive work environment, fun employee activities and rewarding community involvement opportunities. You’ll love working here at Lake Michigan Credit Union!