Loan Underwriter/Processor

International Association of Insurance Professionals (IAIP); Maple Grove, Northern (MN, KY); Hybrid; USD 4,153,000 - 5,192,000; Full time

Benefits offered by this job

401(k) with Employer Match

Dental

Disability Insurance

Employee Perks

Flexible Spending Accounts

Life Insurance

Medical

Paid Holidays

Paid Time Off

Pet Insurance

Referral Program

Vision

Job summary

TopLine Financial Credit Union is seeking an Indirect Underwriter/Processor to review and approve indirect loans, analyze borrower creditworthiness, and maintain compliance with lending policies.

The role requires strong communication, attention to detail, and the ability to work independently to meet deadlines in a dynamic financial environment.

Qualifications

• Two or more years experience in Indirect Lending or equivalent knowledge in a financial institution.
• Knowledge of lending regulations and related laws.
• Ability to be flexible and adaptable to changing demands.
• Ability to work in a diverse environment and collaborate with others.
• Understanding of regulatory areas related to consumer lending (e.g., Reg Z, Reg B, Reg E, Reg C, CC, M).
• Excellent verbal and written communication and documentation skills.
• Detail oriented with strong organizational abilities.
• Good math aptitude.
• Proficient with Microsoft Office Suite.
• Strong credit analysis and timely decision-making capabilities.

Responsibilities

• Reviews, analyzes and makes credit decisions and performs adverse regulatory actions on indirect loans.
• Obtains information and analyzes data for creditworthiness, calculates debt ratio and credit score, and evaluates collateral.
• Provides prompt credit decision responses to dealerships and informs dealers of approvals.
• Maintains knowledge of TopLine lending policies and procedures.
• Work independently with limited supervision and make timely decisions.
• Review indirect loan files before funding for compliance and accuracy.
• Fund indirect loans per TopLine policy and guidelines.
• Assist dealerships with funding issues and follow up on funding conditions.
• Communicate professionally with dealerships to maintain and grow business relationships.
• Assist indirect members with inquiries and loan maintenance.
• Maintain complete files for all loans including applications, documents, collateral, and liens.
• Complete paid in full reports and release liens as required.
• Stay updated on products, rules, and procedures related to indirect lending.

Skills

Indirect lending experience

Lending regulations

Flexibility

Diversity teamwork

Regulatory knowledge

Communication skills

Attention to detail

Math aptitude

MS Office

Credit analysis

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.

Salary Range: $30.15 - $37.69 (hourly)

Benefits:

• 401(k) with Employer Match
• Dental
• Disability Insurance
• Employee Perks
• Flexible Spending Accounts
• Life Insurance
• Medical
• Paid Holidays
• Paid Time Off
• Pet Insurance
• Referral Program
• Vision

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/ Aff

• 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 environment that encompasses regular deadlines, where change is 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.