Indirect Loan Underwriter

BR DIST TELCO FCU; Denham Springs (LA); On-site; USD 42,000 - 62,000; Full time

Job summary

BR DIST TELCO FCU is seeking an Indirect Loan Underwriter in Denham Springs, LA. This full-time role involves reviewing funded indirect loan documents, underwriting decisions, and maintaining dealer relations.

The position requires 3–5 years of related experience and a high school diploma or GED, with standard hours 8:00am - 4:30pm, Monday through Friday, plus possible after-hours and weekend work.

Qualifications

• Three to five years of similar or related experience.
• A high school education or GED.

Responsibilities

• Reviews funded indirect loan documents to ensure 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 and analyzes credit worthiness including character, capacity, collateral, capital, and economic conditions; reviews credit reports and scores; verifies information and makes approval/denial decisions.
• Establishes relationships with dealers in the indirect lending program and maintains good rapport to address concerns and goodwill.
• Maintains the Paid-Out Loan Report and releases titles on indirect loans; completes guarantees and lien satisfactions; helps develop indirect lending policies and promotions.
• Assists in training branch lenders on loan decisions.
• Audits DMV documentation, collects fees, and processes paperwork to secure lien perfection.
• Demonstrates the Credit Union's Core Values and performs other duties as assigned.

Education

High school education 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.