About the role#
The Small Business Lending Intern assists with loan processing for the Small Business Lending Program. You will follow current standard operating procedures to support the program. This is a part-time, hourly position with an estimated 20-25 hours per week.
What you'll do#
- Monitor the Lender AI CRM platform and follow up on loan applications.
- Handle loan closing tasks, including loan onboarding and generating loan documents.
- Manage lien perfection and conduct post-close due diligence to ensure policy compliance.
- Collect necessary documentation from borrowers, such as tax returns, insurance, and vehicle titles.
- Serve as a secondary contact for member inquiries regarding loan servicing, payment issues, and general questions.
- Perform loan maintenance tasks like address changes, ACH updates, and payment adjustments.
- Maintain compliance with regulations including the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
What you'll need#
- Current enrollment as a freshman, sophomore, junior, senior, or master level student.
- Recent graduates within the last 3 months are also encouraged to apply.
- A focus in a business-related field such as Finance, Accounting, Economics, Marketing, or Business Administration.
- A GPA of 3.0 or greater.
- Strong written and verbal communication skills.
Location & details#
- Location: Grand Rapids, Michigan.
- Work Modality: On-site.
- Employment Type: Part-time, paid internship.
About LMCU
LMCU is a nonprofit banking institution founded in 1933. Based in Grand Rapids, Michigan, the organization employs between 1,001 and 5,000 people. It provides financial services including banking, borrowing, insurance, and investment options. The company maintains a professional environment focused on employee training and career development.
How to get in at LMCU
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