Indirect Processor 1 at Sunward Federal Credit Union

Description

Job Summary:

Plays a pivotal role in processing and originating of indirect loan applications.

Essential Job Duties:

General loan responsibilities:

• Process loans are initiated by third party partners.
• Verify loan files for accuracy, completeness and to ensure compliance with all federal and state requirements including but not limited to interest rate, collateral value, payment calculation, payment schedule.
• Input loan data into the system.
• Analyze supporting documentation, utilize credit reports to verify accuracy of loan application, and forward non-automated response loans to Loan Officer for underwriting.
• Verify and inspect collateral offered. 
• Calculate loan payments, determine loan to value (LTV) and make loan changes to secure a clear lien position.
• Conducting callbacks to members and dealers
• Perform other duties as assigned by management.

Indirect Consumer Loan Responsibilities:

• Indirect lending duties also include:
• Verify dealer reserve fees and promotional charges.
• Open new membership accounts as needed.
• Act as primary contact for vendor to verify current membership and/or pre-approved loan status.
• Fund completed loan requests.

Requirements

Required Skills/Abilities:

• Excellent interpersonal skills.
• Excellent organizational skills and attention to detail.
• Strong proficiency with Microsoft Office applications. Familiar and comfortable with information technology, particularly digital means of communication.
• Strong analytical and problem-solving skills.  

Knowledge:

• Basic knowledge of consumer loan products, regulations, and market trends
• Basic knowledge of compliance with federal and state lending regulations (e.g., Equal Credit Opportunity Act, Fair Lending, Truth in Lending Act)

Education and Experience:

• Minimum one year’s experience in financial institutions or related experience
• Minimum high school diploma/GED or more than one year of related experience 

Physical Requirements: 

Prolonged periods of sitting at a desk and working on a computer.

Must be able to lift 5 pounds at times.