Indirect Underwriter/Processor

Minnesota League of Credit Unions; Maple Grove, Northern (MN, KY); Hybrid; USD 50,000 - 70,000; Full time

Job summary

TopLine Financial Credit Union in Minnesota is seeking an experienced Indirect Underwriter/Processor to join our member-owned team. You will review indirect loan applications, analyze creditworthiness, and decide approvals, denials, or counteroffers within lending limits to help members achieve their financial goals.

This role requires strong attention to detail, excellent communication with dealerships, and the ability to work with limited supervision while maintaining compliance with policy

Qualifications

• Two or more years experience in Indirect Lending at a financial institution is essential.
• Knowledge of lending laws and regulations governing indirect lending is required.
• Excellent verbal and written communication skills are essential, including documentation and reporting.

Responsibilities

• Review, analyze and make credit decisions on indirect loans within lending limits.
• Obtain and verify information and documentation for credit requests; assess creditworthiness and debt ratios.
• Provide prompt credit decision responses to dealerships and inform on approvals or denials.
• Ensure compliance with TopLine lending policies and regulatory requirements.
• Fund indirect loans in accordance with policy and guidelines and support funding-related issues for dealerships.

Skills

Credit analysis

Decision making

Communication skills

Microsoft Office

Attention to detail

Tools

Microsoft Office Suite

Job 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.

Qualifications:

• 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.

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/ affirm committed to diversity in the workplace and comply with all applicable federal, state, and local laws regarding non-discrimination and affirmative action.