Indirect Funding Specialist

Andrews Federal Credit Union • Suitland, MD

94d • $24 - $26

About The Position

When you choose a job at Andrews Federal Credit Union, you give yourself the opportunity to grow, advance and make a difference. Andrews Federal is a mission-driven financial institution that focuses on giving members the tools they need to reach their financial goals. We are continually developing our team of dedicated employees who are ready to serve. To create and retain this elite workforce, we offer highly competitive compensation and benefits plans, including highly desirable features like: 12 Paid Holidays a Year, Including Your Birthday Retirement Plans - 401(k) with a 6% Match Childcare Stipend up to $2600 to assist Working Families Discount on Lending Products. Tuition Reimbursement and Career Development Programs and Opportunities Employee Assistance Program - 24/7 Support for Families Affordable Healthcare Plan including Medical, Dental, Vision, and Rx Employer paid Long Term Disability, Life Insurance, and AD&D Short-Term Disability Vacation Leave and Sick Leave Free Parking.

Requirements

• One year of office experience and six months of lending experience.
• Working knowledge of applicable laws and regulations related to lending (Reg B, Reg Z, and Fair Credit Reporting Act).
• Prior understanding and loan approval experience is preferred.
• Strong mathematical and PC skills to include work processing and spreadsheets.
• Must be detail-oriented and have the ability to operate a variety of office equipment.
• Excellent organizational, written and verbal communication skills.

Responsibilities

• Provide a variety of automobile loan funding and processing duties.
• Minimize potential risk for the Credit Union through accurate and thorough verifications.
• Provide high levels of service and contact with the dealers.
• Meet daily funding objectives and loan goals.
• Ensure all loan documents required by the underwriter have been received.
• Validate that all service contracts and other documents have been signed properly.
• Communicate effectively with dealers on a daily basis and build dealer relationships.
• Analyze loan applications, credit bureau reports, collateral evaluation, member account data, financial statements, tax returns, pay stubs, and other documentation.
• Update the loan system with verified information received.
• Maintain productivity and quality of service standards and expectations.
• Determine debt-to-income ratio, collateral valuation, and general loan quality.
• Discuss loan programs and alternatives with the dealers and notify dealers of loan decisions.
• Serve as financial advisor and constructive financial critic to the credit union's dealers.
• Properly administer the creditworthiness and documentation of all loans that are originated.
• Coordinate the elimination of any obstacles to closing.
• Follow up with dealers daily for any outstanding documents.
• Occasional visits with primary dealers to build relationships.
• Maintain an accurate record of all loan documentation.
• Scan all loan packages in the document retrieval system.
• File all loan packages in the file run while keeping up with high volume.
• Ensure that turn times are within required standards and requirements for our indirect partners.
• Perform additional duties and responsibilities as directed.

Benefits

• 12 Paid Holidays a Year, Including Your Birthday
• Retirement Plans - 401(k) with a 6% Match
• Childcare Stipend up to $2600 to assist Working Families
• Discount on Lending Products
• Tuition Reimbursement and Career Development Programs and Opportunities
• Employee Assistance Program - 24/7 Support for Families
• Affordable Healthcare Plan including Medical, Dental, Vision, and Rx
• Employer paid Long Term Disability, Life Insurance, and AD&D
• Short-Term Disability
• Vacation Leave and Sick Leave
• Free Parking

What This Job Offers

• Industry: Credit Intermediation and Related Activities