Senior Mortgage Quality Control Underwriter

Lake Michigan Credit Union; Lake Drive (TN); Hybrid; USD 85,000 - 120,000; Full time

Benefits offered by this job

Weekly pay

Health coverage

Tuition reimbursement

Job summary

Lake Michigan Credit Union, Grand Rapids, MI, seeks a Senior Mortgage Quality Control Underwriter to review loan files for regulatory compliance and accuracy. You’ll audit prefunding and post-closing files, analyze complex income/asset documentation, and assess risk factors.

The role emphasizes adherence to investor guidelines and internal policies. Ideal candidates bring FHA experience, 3–5 years of mortgage underwriting, and strong MS Word/Excel skills.

Qualifications

• Two-year college degree or completion of a specialized course of study at a business or trade school equivalent to approximately 64 credit hours.
• Three to five years of direct mortgage experience is required.
• Three years of mortgage underwriting experience is required.
• Experience in FHA is required.
• Experience in VA and USDA loans is preferred.
• Experience using Fannie Mae, Freddie Mac and FHA applications and technology.
• Experience using Microsoft Word and Excel applications.
• Experience using software such as Empower, BlackKnight, ACES, Loan Beam, AllRegs, and DataVerify a plus.
• Should be comfortable with knowing how and where to search for investor/agency guidelines and compliance regulations.

Responsibilities

• Conduct thorough prefunding and post-closing audits of mortgage loan files to identify discrepancies, errors, and potential fraud.
• Review credit reports, income documents, appraisals, title reports, and other supporting documentation for accuracy and completeness.
• Evaluate creditworthiness, income stability, loan-to-value (LTV), and debt-to-income (DTI) ratios to determine the loan’s risk level.
• Ensure loan files adhere to investor guidelines, federal and state regulations, and internal company policies, with emphasis on more complex loans.
• Escalate files showing evidence of fraud or misrepresentation to management.
• Document audit findings accurately and assist in identifying quality trends.
• Recommend corrective actions to management and underwriting teams to address recurring issues and strengthen loan quality.
• Assist in developing and implementing quality control audit plans and procedures.
• Contribute to ongoing efforts to enhance quality and efficiency within loan operations.

Skills

extensive underwriting experience

attention to detail

analytical skills

communication skills

mortgage products knowledge

regulatory requirements knowledge

Education

Two-year college degree or equivalent (64 credits)

Tools

Empower

BlackKnight

ACES

Loan Beam

AllRegs

DataVerify

Job description

General Information

Primary Location: Grand Rapids, MI (4027 Lake Dr.) Employee Status: Full-Time Workplace Type: Hybrid | Following training, this role offers 2 remote days per week

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 Quality Control Underwriter reviews mortgage loan files to ensure compliance with agency regulations and company policies, identifies errors, fraud risks, and documentation gaps.

Key responsibilities

Key responsibilities include auditing prefunding and post-closing files, analyzing more complex income, asset and collateral documentation, and calculating risk factors.

Essential skills

• extensive underwriting experience
• strong attention to detail
• strong analytical and communication skills
• familiarity with mortgage products and regulatory requirements

What you’ll do

Conduct thorough prefunding and post-closing audits of mortgage loan files to identify discrepancies, errors, and potential fraud. Review credit reports, income documents, appraisals, title reports, and other supporting documentation for accuracy and completeness. Evaluate creditworthiness, income stability, loan-to-value (LTV), and debt-to-income (DTI) ratios to determine the loan’s risk level. Ensure loan files adhere to investor guidelines, federal and state regulations, and internal company policies, with emphasis on more complex loans. Escalate files showing evidence of fraud or misrepresentation to management. Detect patterns or red flags during reviews to proactively mitigate risk. Document audit findings accurately and assist in identifying quality trends. Recommend corrective actions to management and underwriting teams to address recurring issues and strengthen loan quality. Assist in developing and implementing quality control audit plans and procedures. Contribute to ongoing efforts to enhance quality and efficiency within loan operations. Adhere to and champion our core values of curious minds, collaborative hearts, and continuous excellence 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.

What you’ll bring

• A two-year college degree or completion of a specialized course of study at a business or trade school equivalent to approximately 64 credit hours.
• Three to five years of direct mortgage experience is required.
• Three years of mortgage underwriting experience is required.
• Experience in FHA is required.
• Experience in VA and USDA loans is preferred.
• Experience using Fannie Mae, Freddie Mac and FHA applications and technology.
• Experience using Microsoft Word and Excel applications.
• Experience using software such as Empower, BlackKnight, ACES, Loan Beam, AllRegs, and DataVerify a plus.
• Should be comfortable with knowing how and where to search for investor/agency guidelines and compliance regulations.

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.

Lake Michigan Credit Union 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!

LMCU is an Equal Opportunity Employer