Senior Mortgage Underwriter — Complex Loans & Compliance

Lake Michigan Credit Union; Grand Rapids, Northern (MI, KY); Hybrid; USD 70,000 - 100,000; Full time

Benefits offered by this job

Weekly pay

Retirement savings options

Health coverage: medical, dental, and

Job summary

Lake Michigan Credit Union in Grand Rapids, MI is hiring a Senior Mortgage Underwriter for a hybrid, full-time role. You will analyze complex loan applications, evaluate risks, and ensure compliance with regulations for more complex loans.

The position requires experience with underwriting guidelines, collateral reviews, and collaboration with processors and sales to maintain a healthy pipeline. The ideal candidate has 5+ years in mortgage underwriting (3+ in underwriting), a high school diploma

Qualifications

• 5+ years of similar or related experience, including preparatory experience.
• High school diploma required; higher education preferred.
• Understanding of current mortgage loan interest rates, rate lock/relock procedures, and consumer loan products including Execulines, second mortgage products, swing loans, and land loans.
• Proficiency with CollateralUnderwriter application and loan origination software systems.
• Understanding of Adverse Action guidelines and HDMA-related functions.

Responsibilities

• Underwrites more complex mortgage loan applications including review of credit and collateral for all loan applications, income, and assets (including self-employment income).
• Approve, counteroffer, or decline residential loan applications within delegated lending authority.
• Analyze appraisal reports and request clarifications or corrections from vendor.
• Collaborate with Loan Processors and Sales on loan structure and guideline adherence.
• Maintain a working pipeline and ensure productivity while meeting credit quality standards.
• Stay current with underwriting guidelines, mortgage products, and PMI updates.

Skills

Mortgage underwriting

Analytical thinking

Attention to detail

Education

High school diploma

Higher education preferred

Tools

CollateralUnderwriter

Empower/BlackKnight

LoanBeam

DataVerify

Job description

Lake Michigan Credit Union in Grand Rapids, MI is hiring a Senior Mortgage Underwriter for a hybrid, full-time role. You will analyze complex loan applications, evaluate risks, and ensure compliance with regulations for more complex loans.

The position requires experience with underwriting guidelines, collateral reviews, and collaboration with processors and sales to maintain a healthy pipeline. The ideal candidate has 5+ years in mortgage underwriting (3+ in underwriting), a high school diploma