A local credit union has named a new vice president of mortgage operations.
Grand Rapids-based Lake Michigan Credit Union, or LMCU, hired Noel Watts for the role, according to the credit union this fall.
Eric Burgoon, chief lending officer, LMCU, said he is “excited” to add Noel’s “experience and enthusiasm” to the mortgage lending team.
“Noel has exceptional mortgage experience, including consulting and construction lending. He will be leading our continued efforts to improve technology and streamline processes to better serve our mortgage members and realtor and builder partners,” Burgoon said.
Watts said he was drawn to LMCU because it is “a market leader in mortgage” and offers “a rich history and a service-centric culture.”
“I’m honored to have the opportunity to serve LMCU’s members and proud to be part of a successful team,” Watts said.
Watts has been in the banking industry for almost 25 years and specializes in sales and operations leadership.
Most recently, he served as VP of mortgage lending with Arbor Financial Credit Union in Kalamazoo.
Previously, he was director of operations/correspondent lending for Freedom Mortgage, which is based in Mount Laurel, New Jersey and has operations all over the U.S.
He has also served as regional manager of GMH Mortgage Services’ construction, renovation, conventional, government and jumbo mortgage loan programs, in addition to various other roles at banks and home mortgage lending institutions.
He holds a B.S. from the University of Indianapolis.
Founded in 1933, Lake Michigan Credit Union provides financial services ranging from high interest-bearing checking accounts to personal loans, mortgages, investments and commercial banking.
The credit union has over 1,300 employees and serves 446,000 members via 54 branch locations, including 10 in southwest Florida.
LMCU most recently reported assets of over $6.54 billion, with a mortgage servicing portfolio of over $11 billion.