Indirect Loan Processor

Indirect Lending

w     Coordinates and prepares indirect loan application for consideration:

                                -Establishes loan file and secures required documentation to process loan.

-Organizes and prepares applicable documents/paperwork within the necessary time frame to stay within compliant regulations -i.e.: Truth in Lending prior to submitting to underwriting, ensuring completeness and accuracy of information.

-Responsible for completing the credit investigation of the applicants based on information contained in the application

                                -Submits loans through automated underwriting system.

-Gathers data and inputs information via loan origination system. Utilizes system to track status of application.

-Prepares applications and supporting documents for final underwriting consideration.

-Prepares documentation based on final underwriting decision. Follows up on conditions inform member of approval, etc.

w     Handles inquiries directly or refers to appropriate resources for resolution. Secures necessary information to resolve issues and concerns via document research or on-line inquiry.

w     Addresses member consumer related questions including rates, products, and disclosures via telephone, face-to-face, and e-mail.

w     Clears necessary underwriting conditions with member prior to submitting for closing.

w     Performs related duties as assigned.

w     Sound Decision Making - Commits to action, but may not always be in control of resources - considers alternatives."

w     Builds Trust - Interacts with others in such a way that gives them confidence in one's intentions and those of the Credit Union. Operates with integrity and supports others.

w     Organization Skills - Organizes work and sets priorities to meet deadlines.

w     Positive Attitude - Maintains optimism despite setbacks; accepts and encourages change; looks for ways to implement change; models positive thinking.

w     Regulations/Compliance - Shows an understanding of the regulations that govern the functional area.   

w     Sales -  Is able to demonstrate needs-based selling to meet sales goals; shows an understanding of member needs; actively seeks to      provide the best member service through matching a product or service with a member's need.

w     Accountability - Takes responsibility for ownership of problems or concerns; holds others or self accountable for results

w     Member/Customer Focus - Considers the impact on the member and/or internal customer of all decisions and actions.

w     Associate's degree (A. A.) or equivalent from two-year college; or three to five years related experience and/or training; or equivalent combination of education and experience.

w     Ability to operate a personal computer with a high level of proficiency in such software applications as word processing and spreadsheets. 

w     Ability to read, analyze, and interpret general business periodicals, professional journals or governmental regulations.  Ability to write reports and business correspondence. Ability to effectively present information and respond to questions from managers,, members, and the general public.

w     Ability to calculate figures and amounts such as discounts, interest, commissions, proportions and percentages

w     Ability to define problems, collect data, establish facts, and draw valid conclusions.