Indirect Lending Underwriter
Northwest Federal Credit Union, Herndon, VA, United States
Overview
The Indirect Lending team is responsible for developing and managing relationships with automobile dealerships as part of the strategic direction to meet loan goals. This team offers/sells the Credit Union’s indirect financing and manages promotional programs, provides market competitive reports, and identifies new dealers that fit the Credit Union’s business plan. They also review loan applications against credit criteria and credit union policy to make credit decisions for approval.
Responsibilities
Identify and add new dealerships to the Credit Union’s indirect lending program
Increase credit union’s market share and community awareness
Provide education and knowledge to branches and dealerships on the Credit Union’s programs
Provide exceptional service to external and internal members while demonstrating a solid knowledge base of the Credit Union’s indirect lending program
Managing the ongoing dealer numbers/ratios to ensure the dealer is meeting program expectations
Assist with the identification of dealer holdbacks and charge-backs with the emphasis on the Credit Union’s best interest
Provide accurate market competition and numbers in the designated geographical area
Manage existing dealer relationships through consistent communication and site visits to ensure the Credit Union’s utilization and exposure
Provide monthly reporting as outlined; which includes the key ratios/numbers to protect the Credit Union’s interests
Maintain current knowledge on all Credit Union loan offerings, standard operating procedures (SOPs), risk-based underwriting parameters, and product-specific conditions, etc
Remain current on consumer lending market developments, news and trends
Assists National Director of Indirect Lending Business Development with achievement of strategic initiative
Research and resolve problems or discrepancies
Provide quality member/customer service promptly through various communication methods
Stay abreast of and maintain/ensure compliance with all rules and regulations pertaining to applicable lending function, including all relevant state and federal laws and guidelines
Analyze, evaluate, and make decisions on loans as directed by lending policies and procedures
Remains cognizant of and adheres to NWFCU policies and procedures as well as regulations pertaining to the Bank Secrecy Act(BSA)
Performs other related duties as assigned
Qualifications
High school diploma or equivalent
Minimum 3 years experience in Indirect Lending underwriting with a working knowledge of Indirect Lending workflow and processes
Must have established and transferable dealer relationships that can immediately contribute to expanding NWFCU's book of business
Effective oral and written communication skills
Ability to collaborate and be an effective member of a team
Ability to review and analyze or interpret data and documentation and to make decisions regarding subsequent actions
Ability to maintain confidentiality
Excellent customer service skills
Accuracy and detail-orientation
Quality-focused
Ability to interact effectively with all levels of the organization and/or with members
Ability to analyze and comprehend complex information and be able to disseminate that knowledge in a clear way to others
Excellent written and verbal communications skillsAbility to maintain highest level of confidentiality regarding all sensitive, confidential, and proprietary Credit Union information
Must have the ability to work Monday - Saturday and rotating holidays
Must have the ability to work a variable weekend schedule
Additional Compensation Northwest Federal offers a comprehensive and inclusive benefits program, which includes medical, dental and vision plans for you and your family, 4 weeks paid vacation, 12 paid holidays, 24 hours of paid volunteer time, parental leave, company paid disability and life insurance, and a generous 401(k) plan with up to 7% employer match.
Base compensation for this role ranges from $78,750 – $106,325 annually, depending on experience and qualifications.
EEO Notice Northwest Federal Credit Union is an Equal Opportunity Employer and will consider all qualified applicants without regard to race, color, age, religion, sex, sexual orientation, gender identity, genetic information, national origin, disability, protected veteran status or any other classification protected by law.
NWFCU complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact the Human Resources Department at 703-709-8900 or HRDepartment@nwfcu.org.
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Responsibilities
Identify and add new dealerships to the Credit Union’s indirect lending program
Increase credit union’s market share and community awareness
Provide education and knowledge to branches and dealerships on the Credit Union’s programs
Provide exceptional service to external and internal members while demonstrating a solid knowledge base of the Credit Union’s indirect lending program
Managing the ongoing dealer numbers/ratios to ensure the dealer is meeting program expectations
Assist with the identification of dealer holdbacks and charge-backs with the emphasis on the Credit Union’s best interest
Provide accurate market competition and numbers in the designated geographical area
Manage existing dealer relationships through consistent communication and site visits to ensure the Credit Union’s utilization and exposure
Provide monthly reporting as outlined; which includes the key ratios/numbers to protect the Credit Union’s interests
Maintain current knowledge on all Credit Union loan offerings, standard operating procedures (SOPs), risk-based underwriting parameters, and product-specific conditions, etc
Remain current on consumer lending market developments, news and trends
Assists National Director of Indirect Lending Business Development with achievement of strategic initiative
Research and resolve problems or discrepancies
Provide quality member/customer service promptly through various communication methods
Stay abreast of and maintain/ensure compliance with all rules and regulations pertaining to applicable lending function, including all relevant state and federal laws and guidelines
Analyze, evaluate, and make decisions on loans as directed by lending policies and procedures
Remains cognizant of and adheres to NWFCU policies and procedures as well as regulations pertaining to the Bank Secrecy Act(BSA)
Performs other related duties as assigned
Qualifications
High school diploma or equivalent
Minimum 3 years experience in Indirect Lending underwriting with a working knowledge of Indirect Lending workflow and processes
Must have established and transferable dealer relationships that can immediately contribute to expanding NWFCU's book of business
Effective oral and written communication skills
Ability to collaborate and be an effective member of a team
Ability to review and analyze or interpret data and documentation and to make decisions regarding subsequent actions
Ability to maintain confidentiality
Excellent customer service skills
Accuracy and detail-orientation
Quality-focused
Ability to interact effectively with all levels of the organization and/or with members
Ability to analyze and comprehend complex information and be able to disseminate that knowledge in a clear way to others
Excellent written and verbal communications skillsAbility to maintain highest level of confidentiality regarding all sensitive, confidential, and proprietary Credit Union information
Must have the ability to work Monday - Saturday and rotating holidays
Must have the ability to work a variable weekend schedule
Additional Compensation Northwest Federal offers a comprehensive and inclusive benefits program, which includes medical, dental and vision plans for you and your family, 4 weeks paid vacation, 12 paid holidays, 24 hours of paid volunteer time, parental leave, company paid disability and life insurance, and a generous 401(k) plan with up to 7% employer match.
Base compensation for this role ranges from $78,750 – $106,325 annually, depending on experience and qualifications.
EEO Notice Northwest Federal Credit Union is an Equal Opportunity Employer and will consider all qualified applicants without regard to race, color, age, religion, sex, sexual orientation, gender identity, genetic information, national origin, disability, protected veteran status or any other classification protected by law.
NWFCU complies with federal and state disability laws and makes reasonable accommodations for applicants and employees with disabilities. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact the Human Resources Department at 703-709-8900 or HRDepartment@nwfcu.org.
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