LAKE MICHIGAN CREDIT UNION THE BEST LOAN OFFICERS A F I N A N C I A L STA LWA RT FO R OV E R 8 0 Y E A R S
Join Our Growing Team! This could be your first step toward a long and prosperous career with Lake Michigan Credit Union. Our common sense approach to lending, full array of value-orientated products, and supportive people demonstrate how lending should be done. The most impactful benefit we have going at LMCU is our service. We strive to ensure that every member and referral source is satisfied with their experience and will take any reasonable step possible to make that happen. If this sounds like a place for you please give me a call, email or text with any questions. Thank you for considering us as you push to grow in your career!
Jason Sasena, CMB® Sr. VP of National Mortgage Production Direct: (616) 265-3888 Cell: (949) 812-8025 Jason.Sasena@LMCU.org
AT LMCU, MORTGAGE LENDING IS WHAT WE DO BEST!
Ranked #1 in purchase market share Michigan.
#1 return to member among credit unions over $5 billion!
Ranked #5 mortgage origination lender nationally of credit unions*
Actively growing our lending team of over 100 loan officers.
HOW DO WE DO IT? IT STARTS WITH GREAT PEOPLE. We have a culture in which our people take ownership, share ideas, and strive to get the job done! We support our people with exceptional capabilities:
Low Mortgage Rates & Low Fees! **
Price will rarely be an issue for you at LMCU. PORTFOLIO LENDING
We have market leading construction, zero-down doctor, and non-warrantable condo products. Plus, we do the “make sense” loans!
COST ADVANTAGE
Credit union members’ loans perform better than the national average and that gives us further pricing advantages, including lower cost mortgage insurance. Our lending fees are only $645!
PURCHASE BUSINESS
We focus on long term relationships with members, realtors and builders, and have a number of relationships with the top real estate companies and builders in the market.
*Callahan 2017. **Our Low Rate Guarantee: Lake Michigan Credit Union will match legitimate competitor offers or credit the borrower $300 off closing costs. Our low rate guarantee cannot be combined with any other offers.
Let’s work together . . . M O R TG AG E F E AT U R E S
Available Mortgage Programs
BRANCHES/MORTGAGE OFFICES
CONVENTIONAL FIXED RATE MORTGAGE
Lake Michigan Credit Union has mortgage professionals in all 45 branch locations and 9 dedicated mortgage offices. In addition to the 100 LMCU ATMs, we also have access to over 55,000 ATMs worldwide through the Allpoint® ATM network (just look for the Allpoint logo on their ATMs).
• Terms ranging from 10 to 30 years • Use DU or LP to your advantage • Sell to both agencies and FHLBI
CONSTRUCTION & VACANT LAND • Low fixed and adjustable rates • Down payment as low as 5% • One-time closing • Simple builder approval process
PRODUCTIVITY
Our loan officers close an average of 10.1 loans per month with a $24 million median annual production level.
JUMBO LOANS
TENURE
LMCU loan officers average 20+ years experience in the industry. Our seasoned loan officers often have decades of expertise, consistently providing the right mortgage product to fit member needs – whether they’re looking to build, buy or refinance.
R
CREDIT UNION
ST
L MC
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S TH E LA
As the #1 purchase lender in the state of Michigan.***
GE
U
MARKET SHARE
• Purchase or rate term/cash out refinance • 5% Down payment††
FHA, VA and RD
• Including MSHDA • Experienced, dedicated underwriting
RENOVATION MORTGAGE
• Convenient and low-cost way to make repairs and renovations to a purchase, or refinance of an existing home • Funds available for up to 50% of the post-renovation value of the home
in the state of
MICHIGAN # NOTE: As of December, 2017 for all information. ***Source: CoreLogic †Money Magazine, November 2017. Rated #1 out of all banks and credit unions in Michigan
DOCTOR MORTGAGE
• Low down payment requirements from 0% to 5% • Qualifying terms can exclude student loan debt from calculations
1
FINANCIAL
INSTITUTION in the
STATE
†
COMMUNITYEDGE MORTGAGE†††
• Designed for educators, first responders, medical, military & government employees • Only 3% down payment • $500 off closing costs ††The 5% down payment is only applicable to purchase or a rate/term refinance. A cash out refinance must have at least 20% equity. †††Adjustable Rate Mortgage (ARM), available in 5, 7 and 10-year terms. Available to qualified applicants only.
MARKETING SUPPORT
AVAILABLE MARKETING SUPPORT
Targeted, high-impact marketing vehicles are designed to build awareness and interest in our market areas and drive in new business.
Marketing Sell Sheets
Got a bright idea…we’ll work with you!
PRODUCT FLIERS
Yard Signs Mortgage
Mortgage Programs
Open House
lmcu.org/mortgage
PERSONALIZED BROCHURES
Press Release
PRESS RELEASE
INNOVATIVE PARTNERS
OPEN HOUSE FLIERS
YARD SIGNS
TV, RADIO, PRINT, OUTDOOR & DIRECT MAIL, DIGITAL
NEWS Print Ad
Low Mortgage Rates! LMCU promotes Guaranteed Low Mortgage Rates on multiple platforms - from billboards and direct mail to TV and newspaper ads. LMCU members know they’ll be getting the best value for their dollar and our realtor partners know LMCU has their clients’ best interests in mind.
MARKETING SUPPORT
LMCU’s dedicated, in-house marketing department will help you get the word out with a blend of turn-key and loan officer specific materials to keep your calendar full.
OPERATIONAL SUPPORT Guaranteed Low Mortgage Rates!
*
Each loan officer works out of a specific branch or mortgage office, complete with a comprehensive suite of technological tools and dedicated staffing.
PRICING WEB PRESENCE
Our guaranteed low mortgage rates give you a marketing edge over competitors in every target segment.
COMPENSATION
Very competitive. Your income stream is limited only by desire and motivation to grow.
RETAINED SERVICING ON BOARDING
LMCU maintains servicing of all mortgage products, allowing you to work referrals and follow-up sales.
COMPANY HIGHLIGHTS
WE’RE #1
OUR SERVICE DIVISIONS
We’re #1 in the nation in Return Of Member among credit unions over $5 billion in assets!
GREAT ENDORSEMENT LMCU GETS NOTICED
PREMIER BANKING
INSURANCE
COMMERCIAL BANKING
www.zillow.com gave LMCU a 4.8 star rating based on responsiveness, knowledge, helpfulness, and follow through. Here’s what one of our members posted on Zillow®: “Very positive experience, with knowledgeable personnel, great customer service and timely close on our loan. The interest rate was the best available.”
CONSUMER LENDING
ZILLOW
INVESTMENTS
BANKING
LMCU ANYWHERE
M
T OR
GA
GE
Over 94% of members would recommend LMCU Mortgage Services to family, friends, or associates. LMCU received an A+ rating for ‘Excellent Financial Strength’ from ‘Weiss Ratings’, and a five star rating from Bauer Financial for ‘Financial Strength and Stability’.
1,250+ Employees 404,000+ Members
OUR WORKING DEFINITION, LMCU PRIDE: The culture of Lake Michigan Credit Union has been a key driver of our success and will continue to guide us in the future. We commit to being: Passionate: Strive for excellence and serve with enthusiasm. Respectful: Conduct ourselves with integrity and value honesty. Innovative: Encourage sharing of ideas and seek continuous improvement. Dependable: Do what is right and get the job done. Empowered: Take ownership and accept responsibility for each experience. M2924_05/2018_1k