Indirect Loan Underwriter

Automatic Data Processing, Inc.; Denham Springs (LA); On-site; USD 45,000 - 60,000; Full time

Job summary

Automatic Data Processing, Inc. in Denham Springs, LA is seeking an Indirect Loan Underwriter to join our team.

Responsibilities include reviewing funded indirect loan documents for completeness and compliance with underwriting policies, opening new member accounts, and booking loans in the system. You will monitor the indirect loan application queue, analyze credit worthiness using credit reports, maintain dealer relationships, audit DMV documents, and assist in training branch lenders.

Qualifications

• 3–5 years of related underwriting or lending experience.
• High school diploma or GED required.
• Full-time schedule 8:00am–4:30pm, Mon–Fri, with some after-hours and weekend work.

Responsibilities

• Reviews funded indirect loan documents for completeness and policy compliance.
• Monitors the queue for indirect loan applications and analyzes credit worthiness.
• Reviews credit bureau reports and verifies loan application information.
• Maintains dealer relationships within the indirect lending program.
• Audits DMV documentation and processes lien perfection.
• Assists in training branch lenders on loan decisions.
• Performs other duties as assigned.

Skills

Credit analysis

Underwriting

Dealer relations

Attention to detail

Education

High school diploma or GED

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Indirect Loan Underwriter

Watson Full-Time Professional Watson, Denham Springs, LA, US

6 days ago Requisition ID: 1059

We are currently seeking an Indirect Loan Underwriter to join our team.

Job Description

• Reviews funded indirect loan documents to ensure that they are complete and adheres to underwriting policies. Opens new member accounts on funded indirect loans and books the new loan on the system.
• Monitors the queue for indirect loan applications. Analyzes a loan applicant's credit worthiness including an applicant's character, capacity, collateral, capital, and economic conditions. Reviews credit bureau reports and credit score. Verifies information included on a loan application. As necessary, makes the determination to approve or deny a loan.
• Establishes relationships and maintains a good rapport with the existing dealers in the indirect lending program, speaking with them on a regular basis to address concerns and establish good will.
• Maintains the Paid-Out Loan Report and releases E-titles and paper titles on Indirect loans daily. Completes letters of Guarantee and Satisfaction of Liens on Indirect loans when needed. Participates in the development and recommendation of the indirect lending policies, practices, and promotions.
• Assists in the training and development of branch lenders by offering assistance and guidance on loan decisions.
• Audits DMV documentation, collects fees, and processes paperwork to secure lien perfection.
• Demonstrates the Credit Union's Core Values (Service with an EDGE, Solutions, Adaptability, Respect, Accountability).
• Performs other job duties as assigned.

Requirements

• Three to five years of similar or related experience.
• A high school education or GED.
• Full-time hours of 8:00am - 4:30pm, Monday through Friday. Some after hours and weekend work will be required.