Indirect Lending Specialist

Weokie Federal Credit Union • Oklahoma City, OK

374d

About The Position

The Indirect Lending Specialist is responsible for performing the fulfillment tasks of loans acquired through the Indirect dealership channel. This multi-step process is crucial to ensuring accuracy of indirect loan documents, compliance with program requirements and timeliness of loan fulfillment with final payment to the dealerships.

Requirements

• Lending experience including product sales, application processing, loan interviewing, and loan disbursements.
• High school diploma or general education degree (GED) is required.
• Minimum of two years credit union experience, with at least one year experience involving loan interviewing, processing, and funding is preferred.

Responsibilities

• Perform a close inspection of all documents received in the indirect loan document package for quality assurance and compliance.
• Complete daily auditing of funded loans to ensure compliance and procedural requirements are met.
• Ensure proper policies, procedures, risk mitigation activities, and operating controls are followed.
• Report gaps in policies, procedures, and operating controls to leadership.
• Establish positive working relationships with the indirect dealership network.
• Open share accounts for applicants who become member owners as a result of an accepted loan application.
• Oversee the daily ACH process to ensure reserves and loan proceeds are funded to the correct dealership account.
• Work and follow up on indirect dealership errors to get timely corrections.
• Maintain up to date records of each loan disbursement transaction.
• Assist in other areas of the credit union when needed.

What This Job Offers

• Industry: Credit Intermediation and Related Activities
• Education Level: High school or GED
• Number of Employees: 101-250 employees