Indirect Underwriter Processor

Kids for the Future; Maple Grove (MN); On-site; USD 55,000 - 75,000; Full time

Job summary

TopLine Financial Credit Union in Maple Grove, MN, is seeking an Indirect Underwriter/Processor to review loans and make credit decisions within lending limits.

You will analyze documentation, assess risk, fund loans, and maintain compliance with state and federal regulations. Strong communication and detail orientation are essential.

Two+ years in indirect lending at a financial institution preferred; MS Office proficiency required.

Qualifications

• Two or more years of experience in indirect lending or at a financial institution.
• Knowledge of lending laws and regulations (Reg Z, BSA, FCRA).
• Ability to work independently with limited supervision and make timely decisions.
• Strong verbal and written communication skills.
• Detail-oriented with solid math aptitude.
• Proficient in Microsoft Office Suite.

Responsibilities

• Reviews, analyzes and makes credit decisions on indirect loans.
• Obtains and analyzes information for credit requests and assesses risk.
• Provides prompt credit decisions to dealers and informs them of approvals.
• Funds indirect loans in accordance with policy.
• Ensure compliance and accurate documentation.
• Maintain files and assist dealerships with funding issues.
• Communicate professionally with dealerships to grow business.
• Annual due diligence on active dealer files.

Skills

Credit analysis

Regulatory knowledge

Communication

Attention to detail

Math aptitude

MS Office

Education

High school

Tools

Microsoft Office

Job description

• Location 9353 Jefferson Highway,Maple Grove, MN, 55369,United States
• Other Compensation 0
• Job Category Indirect Lending, Lending, Processing
• Relocation Expense Covered No
• Employee Type FT Non-Exempt
• Required Degree High school
• Manage Others No

Description

TopLine Financial Credit Union has been a member-owned financial services cooperative since 1935. We are looking for outgoing individuals to join our TopLine team that is dedicated to building life-long relationships to help our members reach and manage their financial goals.

A successful Indirect Underwriter/Processor will be able to do:

• Reviews, analyzes and makes credit decisions and performs adverse regulatory actions on indirect loans.
• Obtains pertinent information and documentation relative to credit requests, analyzes data for credit worthiness, calculates debt ratio and credit score, obtains proper collateral valuation, evaluates risk, and makes judgment to approve, counter-offer or deny requests within assigned lending limits.
• Provides indirect dealers prompt credit decision responses and informs dealers electronically and verbally on our approvals using a sales approach.
• Maintains a thorough knowledge and compliance of policies and procedures of TopLine lending products.
• Ability to be flexible and adaptable, work independently with limited supervision, and the ability to make decisions in a timely manner essential.
• Review indirect loan files prior to funding for compliance and to ensure accuracy.
• Fund indirect loans in accordance with TopLine policy and guidelines.
• Provide assistance to dealership personnel with funding related issues, including but not limited to, follow up on funding conditions for contracts in house and account research for discrepancies.
• Communicate effectively and professionally with dealerships to maintain and grow business relationships.
• Assist indirect members with inquiries and loan maintenance.
• Maintain and complete accurate files pertaining to all loans including, but not limited to, applications, documents, collateral tracking and filing, insurance records, recording of documents, clearing encumbrances, and other documentation.
• Complete paid in full report including releasing liens in a timely manner as set forth by the lending management team.
• Maintain a current knowledge of products/services, rules/regulations, policy, practices and procedures as it relates to indirect consumer lending. Performs other related duties and special projects as required or assigned.
• Responsible for annual due diligence on all active dealer files.

At TopLine Financial Credit Union, we celebrate diversity by offering a work environment that is shaped by individual respect and mutual trust where every individual can thrive. We are proud to be an Equal Opportunity/ Affirmative Action Employer committed to diversity in the workplace and comply with all applicable federal, state, and local laws regarding non-discrimination and affirmative action.

Requirements

• Two or more years experience in Indirect Lending equivalent knowledge and/or experience at a financial institution essential
• Maintains knowledge of all laws and regulations governing lending
• Ability to be flexible and adaptable to support changing demands, work independently with limited supervision and the ability to make decisions in a timely manner essential.
• Ability to work effectively with people in a diverse environmentthat encompasses regular deadlines, where changeis always possible and flexibility is required.
• Acquires and maintains a current knowledge of legal and regulatory areas related to consumer lending. These may include, but are not limited to: Regs Z, B, E, C, CC, M; Fair Credit Reporting Act; Bank Secrecy Act
• Excellent verbal and written communication skills essential, including documentation.
• Detail oriented with good organizational skills.
• Good math aptitude essential.
• Personal computer skills with Microsoft Office Suite essential.
• Good credit analyzing and decision ability in a timely manner.