Indirect Lending Underwriter
Location: US, MA, Woburn
Employment type: Full-time
Required experience: Associate
Required education: Associate Degree
Industry: Banking
Function: Finance
Company profile: Outstanding Member Service Starts With Outstanding PeopleIf you are committed to the concept of “above and beyond” and enjoy interacting with people either in person or on the telephone, then we want to talk to you.Our people are our most valuable asset. We recognize their value – the hard work and dedication they give – and reward it through a highly competitive salary structure and benefits program which includes:Medical, dental and vision insurance401k  Retirement Savings Plan with a match up to 6% by the Credit UnionFlexible Spending  AccountsLife insurance paid by the Credit UnionGenerous paid time offGym membership reimbursement program.
Description: At USAlliance, we provide a challenging and exciting environment where people can bring their passion and personalities to work.  How do we do this?  The simple answer is, our people…we have a bunch of well trained, motivated and above all happy people doing what they enjoy doing.The Indirect Lending Loan Underwriter is primarily responsible for the timely and accurate review, evaluation and processing of loan applications and supporting information. Provide needed assistance to others within consumer lending areas as available.ESSENTIAL DUTIES:Receive and review all incoming loan application requests and supporting documentation.Build profitable, performing secured and unsecured loans.Conduct credit analysis on each loan application using automated system parameters.Ensure all appropriate information has been received from borrowers to best evaluate loan requests and ability to repay.Document loan decisions to accurately communicate lending decisions to external merchants/dealers, borrowers and/or other department team members.Document identified cross-sell opportunities and additional offers. Provide details to assist in team’s future engagement of borrowers.Timely communicate decisions to external merchants/dealers. Answer and address any questions or concerns.Move applications between internal lending queues to maintain workflow.Follow disclosed call-back schedule for any loans approved and not yet funded.Provide needed assistance to and mentor other team members.Maintain expert level knowledge of all Credit Union products and services.
Requirements: Minimum of 3 years of experience within an indirect or external lending program preferred.Adept at utilizing current technology to evaluate loan requestsPossess critical thinking skills and apply learned lending principles according to the needs of each borrower and risk profile.Display comfort in using underwriting guidelines.Strong commitment to providing excellent member service.Capable of quickly identifying errors and flaws in calculationsAble to construct counter-offers with creative options.Strong desire to make decisions with confidence to defend position taken.Display a tolerance for risk.Ability to work off-site and on varied shifts Monday through Sunday regularly or as needed.All positions must adhere to standard BSA/AML policies, procedures and processes.  Employees must demonstrate awareness of business functions and how business decisions affect financial and/or non-financial work results.
Benefits: Our people are our most valuable asset. We recognize their value – the hard work and dedication they give – and reward it through a highly competitive salary structure and benefits program which includes:Medical, dental and vision insurance401k  Retirement Savings Plan with a match up to 6% by the Credit UnionFlexible Spending  AccountsLife insurance paid by the Credit UnionGenerous paid time offGym membership reimbursement programAnnual incentive bonus & moreEOE
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