Indirect Lending Processor/Underwriter

LIBERTY FEDERAL CREDIT UNION • Evansville, IN

6d • Onsite

About The Position

Liberty FCU, a full-service credit union, is currently seeking an Indirect Lending Processor/Underwriter with attention to detail and excellent organizational skills to join the Indirect Lending team located at 4405 Theater Drive, Evansville, IN 47716. Some holiday and extended hours are also required. Previous credit union or financial institution experience is desired. If interested, please proceed by clicking Apply.

Requirements

• attention to detail
• excellent organizational skills
• Demonstrate attention to financial details and the ability to understand established lending requirements
• Become familiar with federal and industry standards and the ability to apply them on a case-by-case basis
• Use analytical skills to evaluate the financial information presented and demonstrate flexibility in applying lending criteria
• Process and analyze loan applications in the Decision Lender platform
• Determine creditworthiness by reviewing credit reports, Debt-to-Income (DTI) and unsecured ratios
• Using various evaluation tools, determine the value of collateral and Loan-to-Value (LTV)
• Evaluate the above information to determine if the applicant should receive the loan amount requested
• Respond to dealerships in a prompt and efficient manner with effective communications and member service skills
• Develop knowledge of the Internet, Excel, and Word processing systems
• Adhere to all credit union lending and personnel policies and procedures
• Develop an understanding of credit union history, philosophy, organization, bylaws and operational procedures
• Develop a working knowledge of the credit union’s data processing system

Nice To Haves

• Previous credit union or financial institution experience

Responsibilities

• Serve as indirect loan processor
• Process and service indirect documentation from dealerships and third parties
• Verify that all new loan contracts and documentation are complete and accurate
• Fund indirect loans into the credit union's core system
• Maintain knowledge of internal and external guidelines and procedures
• Organize indirect letters and packets for daily mailings
• Assist area dealerships with payoffs on existing vehicle loans
• Support the department by answering member phone questions while providing courteous and personal service
• Organize daily mail and file miscellaneous documentation
• Serve as underwriter
• Demonstrate attention to financial details and the ability to understand established lending requirements
• Become familiar with federal and industry standards and the ability to apply them on a case-by-case basis
• Use analytical skills to evaluate the financial information presented and demonstrate flexibility in applying lending criteria
• Process and analyze loan applications in the Decision Lender platform
• Determine creditworthiness by reviewing credit reports, Debt-to-Income (DTI) and unsecured ratios
• Using various evaluation tools, determine the value of collateral and Loan-to-Value (LTV)
• Evaluate the above information to determine if the applicant should receive the loan amount requested
• Respond to dealerships in a prompt and efficient manner with effective communications and member service skills
• Develop knowledge of the Internet, Excel, and Word processing systems
• Participate in the indirect lending holiday and rotational Saturday work schedules as requested by management
• Adhere to all credit union lending and personnel policies and procedures
• Develop an understanding of credit union history, philosophy, organization, bylaws and operational procedures
• Develop a working knowledge of the credit union’s data processing system
• Any other duties assigned by my supervisor or management

Benefits

• Paid Holidays
• Paid Time Off (Vacation, Sick and Personal Days)
• Medical, Dental and Vision Insurance
• 401(k) retirement program with matching funds
• Employer paid Group Term Life Insurance, Short Term and Long Term Disability Insurance
• Tuition Reimbursement Program

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed
• Number of Employees: 11-50 employees