Consumer Lending Indirect Underwriter
FourLeaf Federal Credit Union•Town of Oyster Bay, NY
•$32 - $38•Hybrid
About The Position
The Consumer Lending Indirect Underwriter is responsible for evaluating consumer loan applications to determine the creditworthiness of applicants applying for financing through indirect channels or third-party vendors. This role involves analyzing financial information, credit reports, and other relevant data to make informed lending decisions, ensuring compliance with company policies, regulations, and risk management practices.
Requirements
- High School Diploma or GED.
- Minimum of 2 years in Consumer Underwriting, Consumer Lending, or a related field; experience collaborating with dealers is preferable.
- Strong understanding of underwriting guidelines, credit risk assessment, and lending regulations.
- Strong organizational skills to manage a high volume of loan applications.
- Proficient in Excel, Outlook, and Word; experience with LOS navigation (ARC system) and DNA.
- Lending Certified
Nice To Haves
- experience collaborating with dealers is preferable
Responsibilities
- Analyze Loan Applications: Evaluate credit reports, application information, and financial documents to determine applicants’ ability to repay, ensuring all loan decisions comply with company policies and guidelines.
- Collaborate with Teams: Work closely with the underwriting team, sales teams, and senior management to ensure a smooth and efficient loan process.
- Loan Recommendations: Provide recommendations for loan approval or denial to the Loan Review Committee or Underwriting Manager when applicable.
- Dealer Relationships: Maintain and handle dealer relationships, ensuring effective communication and loan accuracy.
- Fraud Detection: Identify potential fraud or misrepresentation in loan applications.
- Communication: Communicate effectively with dealers or other third-party vendors to clarify underwriting requirements and ensure loan accuracy.
- Decision Making: Make loan decisions, answer phones, and respond to queries within established dealer service levels.
Benefits
- medical
- dental
- vision coverage
- life and disability insurance
- voluntary benefit programs
- a 401(k) plan with employer match
- reimbursement and wellness programs
- an annual performance-based bonus
- Tuition and fitness reimbursement programs
- Flexible work options
- Volunteer opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
