Job Description Help for Job Description. Opens a new window. Indirect Lending Processor -

Lending Department Location:

1500 NW 107th Ave Miami, FL. 33172

Pay:

Starting $20.50

Summary:

Responsible for processing, reviewing and funding new loan packages presented to the Credit Union for funding by approved dealers. Establish new membership, implement and develop plan to increase our product penetration.

Essential Duties & Responsibilities:

• Responsible for reviewing the file and completing a pre-audit of the loan documents and determining if the loan is ready to close.
• Accountable for verifying residency and income information before funding packages
• Assure that all underwriting conditions are met prior to funding.
• Conducts over the phone interview with applicant to determine authenticity of transaction
• Verify and determine calculation when it pertains to dealer reserves, Loan to values, payments (Reg Z) and communicates errors to dealer and or applicant by mail/phone
• Handle and reconcile general ledgers pertinent to dealer reserves and Indirect lending process
• Verify applicant via EFunds/FIS to authenticate applicant
• Follow up with dealer, for missing loan documentation and information.
• Process and certify special loan financing programs.
• Prepare all dealers loan packages for final approval, processing and funding.
• Perform new account opening and all other related functions.
• Mail required disclosure to member.
• Adhere to merchandising, telephone and other professional standards as established by Credit Union.
• Handle inquiries, concerns and request from members and dealers, and communicate to higher authority, when necessary.
• Cross sell additional products via mail/phone
• Assist with incoming phone calls for both Indirect Lending/Consumer Lending
• Compile daily tracking detail report and follow-up on files when needed
• Prepare monthly indirect lending report.
• Other duties and projects as assigned by management.