What are the responsibilities and job description for the Indirect Lending Loan Manager position at Great Plains Federal Credit Union?
Overview
The Indirect Lending Loan Officer is responsible for managing the indirect lending process, including review and approval of loan applications from auto dealerships. This role involves building relationships with dealers, ensuring compliance with credit union policies, and delivering exceptional member service.
Responsibilities
- Loan Processing: Review and assess loan applications for completeness, accuracy, and compliance with credit union policies and regulatory requirements.
- Relationship Management: Establish and maintain strong partnerships with auto dealerships and other indirect lending partners. Provide training and support to partners on loan products and processes.
- Credit Analysis: Conduct thorough credit analysis, including evaluating credit reports, financial statements, and borrower profiles to determine risk levels and loan eligibility.
- Decision-Making: Make informed lending decisions based on established criteria, and communicate decisions promptly to dealers and borrowers. Provide remote loan decisioning week nights and weekends for dealers.
- Member Service: Provide exceptional service to both dealers and members, addressing inquiries and resolving issues in a timely manner.
- Documentation: Ensure all loan documentation is complete, accurate, and stored in accordance with credit union policies and procedures.
- Compliance: Stay updated on industry regulations and credit union policies to ensure compliance in all lending practices.
- Reporting: Prepare and maintain reports on loan volume, performance, and dealer activity for management review.
- Team Collaboration: Work closely with other departments, including underwriting and collections, to facilitate smooth loan processing and enhance member experience.
Qualifications
- Education: Bachelor’s degree in finance, business, or a related field preferred.
- Experience: Minimum of 5 years of experience in lending, preferably in indirect lending or automotive finance.
- Skills:
- Strong analytical and decision-making skills.
- Excellent communication and interpersonal skills.
- Proficiency in lending software and Microsoft Office Suite.
- Knowledge: Understanding of credit union operations, lending practices, and relevant regulations.
Job Type: Full-time
Pay: $60,000.00 - $70,000.00 per year
Benefits:
- Life insurance
- Paid time off
- Retirement plan
- Vision insurance
Physical Setting:
- Office
Schedule:
- 8 hour shift
- Monday to Friday
- Weekends as needed
Experience:
- Microsoft Office: 1 year (Required)
- Lending: 5 years (Required)
Work Location: In person
Salary : $60,000 - $70,000