Indirect Funder

Description

Indirect Lending Funder 

Location: Idaho Falls

Role: To increase the Credit Union's portfolio of loans and other financial services initiated through relationships with auto dealers and other retail businesses capable of extending the Credit Union services to members and potential members. Function as back up buyer to the primary buyer

Essential Duties and Responsibilities 

· Prioritize daily tasks to ensure dealerships are receiving prompt service and attention. Call for stips on waiting packets, ensure timely processing of all funding packets. Will support member through the loan process and answer incoming calls as necessary 

· Process Funding Packets: Inputs and updates loan data into the computer system with emphasis on indirect lending loans. Ensures all processed loan documents are complete and accurate according to policies and requirements set out in regulation; makes certain each file is documented in accordance with written procedure. Providing decline letters and disclosure/ welcome packets for new members

· Backup Buyer: Review incoming loan inquiries submitted through dealerships on the Connections Credit Union Indirect Platform and prepare outgoing correspondence and documents in support of Indirect Lending activities. Have a good understanding of the credit union Indirect Lending Policy and underwriting guidelines

· Act as primary backup buyer during office hours. Provides creative ways to negotiate the completion of the loan in a way that facilitates a smooth transition between dealer, credit union and member.

· Oversee the processing of dealership charge back reports monthly. Update tracking log and board Will support member through the loan process and answer incoming calls as necessary.

· Ensure ACH account balances EACH DAY 

Job Type:  Full-time/Non-Exempt

Schedule:  8:30 AM-5:30 PM/Monday-Friday

Wage:  18.00-27.00 Hourly/DOE – Monthly incentives additional 

Benefits:  Connections Credit Union provides full-time employees with excellent medical, dental and vision benefits, 401(k) matching, Life Insurance, Long-Term and Short-Term Disability Insurance, Cafeteria Plan and Paid Time Off including Federal holidays and Employee Birthday PTO.

Requirements

 Qualifications and Skills:  

· High school diploma or GED.

· One year or more of similar or related experience.

· Work involves contact with persons beyond immediate associates regarding routine matters for the purpose of giving or obtaining information which may require some discussion.

· Outside contacts take the form of service to the public (members or vendors), requiring ordinary courtesy in providing assistance and information.

· Possess good listening and people skills. Ability to analyze a member's financial situation.

· Ten-key/Calculator and keyboard proficient

Physical Requirements

· Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator. Ability to use financial calculator and related computer applications and business machines. Must be able to routinely perform work on computer for an average of 6-8 hours per day, when necessary. Must be able to work extended hours whenever required or requested by management. 

· Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 20 lbs. Must be capable of climbing descending stairs in emergency situation.