Direct Lending Specialist
About The Position
The Direct Lending Specialist reviews and underwrites consumer loan applications for a high-volume consumer lending team. The role involves analyzing applicants’ financial and credit information, managing a loan pipeline, and working directly with applicants throughout the lending process. The position works remotely Monday through Friday, 8:00 AM to 5:00 PM PST, alongside an experienced consumer lending team and manager. Communication primarily takes place through video conferencing and phone systems. The role is a short-term contract position based out of Concord, California. The pay range is $27.73–$38.13 per hour. Individual compensation depends on factors such as qualifications, skills, relevant experience, job knowledge, geographic location, and internal equity. If eligible, benefits for this temporary role may include medical, dental and vision coverage; critical illness, accident and hospital coverage; a 401(k) retirement plan; life insurance; short- and long-term disability; a Health Spending Account; transportation benefits; an Employee Assistance Program; and time off or leave.
Requirements
- 12 or more years of banking or credit union experience in loan origination and/or underwriting.
- Experience reviewing and underwriting consumer loan applications.
- Ability to analyze credit reports and personal financial information.
- Understanding of consumer lending guidelines and risk mitigation.
- Experience managing a high-volume loan pipeline.
- Strong analytical and decision-making skills.
- High attention to detail and accuracy.
- Strong verbal and written communication skills.
- Comfort communicating with applicants and internal teams by phone.
- Ability to multitask in a fast-paced lending environment.
- Proficiency with Microsoft Office or Microsoft 365.
Nice To Haves
- Experience with Symitar.
- Experience with MeridianLink.
- Experience with Salesforce.
- Experience with loan origination systems (LOS).
- Credit union lending experience.
- Consumer loan origination experience.
- Consumer loan underwriting experience.
Responsibilities
- Review and underwrite consumer loan applications in accordance with established lending guidelines.
- Analyze credit reports, account information, financial statements, collateral information, and supporting documentation.
- Calculate applicable financial ratios and evaluate credit utilization, disposable income, and collateral when applicable.
- Communicate loan decisions, requirements, and outstanding conditions directly to applicants.
- Collect necessary documentation and conditions to prepare approved loans for processing.
- Manage a high-volume loan pipeline while meeting production and service expectations.
- Handle inbound calls from applicants regarding new consumer loan applications.
- Originate and underwrite consumer loan products.
- Review approvals and conditions to ensure all requirements have been satisfied.
- Accurately enter loan information into loan origination and core banking systems.
- Identify potentially fraudulent applications and escalate them appropriately.
- Communicate adverse lending decisions professionally and clearly.
- Provide applicants with accurate expectations regarding the loan process and timelines.
- Assist team members with loan-related questions and transactions.
- Maintain compliance with applicable lending policies, procedures, and regulations.
Benefits
- Medical, dental, and vision coverage, if eligible.
- Critical illness, accident, and hospital coverage, if eligible.
- 401(k) retirement plan with pre-tax and Roth post-tax contributions available, if eligible.
- Voluntary life and AD&D insurance for the employee and dependents, if eligible.
- Short- and long-term disability coverage, if eligible.
- Health Spending Account (HSA), if eligible.
- Transportation benefits, if eligible.
- Employee Assistance Program, if eligible.
- Time off or leave, including PTO, vacation, or sick leave, if eligible.
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What This Job Offers
Career Level
Senior
Education Level
No Education Listed
