Indirect Lending Underwriter
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Arizona Central Credit Union Ranked Top 10 Credit Unions in AZ for 2024
"Ranking Arizona: Top 10 credit unions for 2024"AZBIGMEDIA
Arizona Central Credit Union offers a comprehensive benefits package, including medical, dental, vision, 401k with up to 6% match, an employee assistance program, and much more.
Role:
This position will work closely with leadership to make credit decisions based on credit union lending policy and cultivate a strong lending pipeline. The ability to build and maintain strong dealer relationships is critical for success.
Summary of Responsibilities:
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"Ranking Arizona: Top 10 credit unions for 2024"AZBIGMEDIA
Arizona Central Credit Union offers a comprehensive benefits package, including medical, dental, vision, 401k with up to 6% match, an employee assistance program, and much more.
Role:
This position will work closely with leadership to make credit decisions based on credit union lending policy and cultivate a strong lending pipeline. The ability to build and maintain strong dealer relationships is critical for success.
Summary of Responsibilities:
- Responsible for reviewing, analyzing, and underwriting indirect loan applications including retail and third-party referrals
- Expert underwriter: review credit applications, credit reports, calculate applicable ratios (i.e. Debt ratios, loan-to-value), evaluate borrower circumstances and determine loan decision based on policies and guidelines
- Analyze current financial position of members to determine the degree of risk involved in extending credit within policy or make a recommendation to credit committee
- Gather required information & documentation from dealer, member, or 3rd party partner and prepare loan for booking (Funding) by entering required data in systems
- Foster a positive, productive environment towards building relationships with dealers and other third parties, in person and on the phone
- Participate in quality control of loan files, verify accuracy of documentation, and assist funding with collecting pending conditional items as needed
- Underwrite and be onsite as needed for special dealer events, including weekend events or holidays on occasion
- Make decision to approve, counteroffer, or deny loan requests that are outside of credit union lending guidelines but within policy
- Authorizes release of collateral on existing loans, changes in loan terms, waivers of payments, due date change, etc.
- Audit, review, or prepare reports as delegated by leadership
- Monday - Friday 9:00am - 5:30pm, some weekends and holidays
- Rotating Saturdays
- Remote work is availableafter 90 days(Hybrid)
- Frequent travel to auto dealerships to build and maintain relationships is required
- Five to eight years of underwriting experience (indirect lending preferred)
- One to two years of building and maintaining strong dealer relationships
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