Indirect Lending Underwriter

Linn Co; Lebanon (OR); On-site; USD 60,000 - 85,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

401(k) with match

Paid time off

Paid holidays

Job summary

44 North Credit Union is seeking an Indirect Lending Underwriter to evaluate credit applications from the indirect lending channel and support Loan Consultants in lending decisions. This role ensures a sound loan portfolio by assessing members' financial pictures with appropriate decision authority.

The Underwriter will process loans, maintain dealer relationships, manage internet loan workflows, troubleshoot funding issues, and assist colleagues as directed by the Chief Lending Officer.

Qualifications

• Detail oriented with strong analytical skills in risk-based underwriting.
• Professional appearance and behavior.
• Mature judgement and confident decision making.
• Good organizational and time management abilities.

Responsibilities

• Process loans to reach a decision to approve or deny.
• Maintain relationships with dealers while balancing member finances and the credit union portfolio.
• Manage workflow of internet loans.
• Troubleshoot funding issues.
• Assist other lending staff with decisions and procedures.
• Authorize changes in loan terms and waivers as needed.
• Enter loan data and disburse funds as required.

Skills

Detail oriented

Analytical underwriting

Professional appearance

Mature judgement

Confidence

Time management

Job description

Our Indirect Lending Underwriters primarily process credit applications received from the credit union's indirect lending channel and secondarily assist Loan Consultants with lending decisions. The Indirect Lending Underwriter (ILU) is skilled in assessing the member's financial picture and has the decision-making authority on loans. The Underwriter works on behalf of the credit union to ensure a sound overall loan portfolio.

Duties and Responsibilities

• Facilitates the timely processing of loans to bring the application to the point that a decision can be reached to approve or deny the loan.
• Maintain a healthy working relationship with dealers, while balancing the needs of the members' finances and the credit union portfolio.
• Manage workflow/distribution of internet loans.
• Troubleshoot funding issues
• Assist other lending staff in decisions, procedures, etc.
• Skilled in recognizing opportunities that we may be able to assist the member in saving money through the consolidation and/or refinancing of other debts
• Determine collateral needs and payment plans
• Ability to interpret Board Policies and Procedures involved in the approval process
• Authorize changes in loan terms, waiver of payment, due date changes, etc.
• Enter loan on computer and disburse funds as required
• Develop an understanding of credit union history, philosophy, organization, bylaws and operational procedures
• Assist in any other area as directed by supervisor
• Must be flexible to work overtime as needed (may include weekends)

Qualifications

• Detail oriented
• Analytical skills in risk-based underwriting
• Professional appearance and behavior
• Mature judgement
• Confidence
• Good organizational and time management skills

Reports to Chief Lending Officer

Benefits

44 North Credit Union offers a full range of benefits including:

• Medical, dental, vision and basic life insurance along with other supplemental coverage options
• 401(k) Retirement Plan with credit union match
• Paid Time Off (PTO)
• Paid Holidays
• and more!

44 North Credit Union is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.