Indirect Loan Underwriter

As a dedicated member of the OnPath FCU team, this role performs a variety of tasks that in partnership with the surrounding departments, provides cost effective financial services for the benefit of our members who are our primary focus. Our core values are what make us E.P.I.I.C. We are Empathetic to the vast situations and needs of our member's and to each other. We are Passionate about the financial growth and success of our members. We are Innovative in our ideas and goals to remain at the top of our class in financial services. Our Integrity is not an option. We require our employees to be honest and have strong moral principles. We are Committed to our promise to be the best financial advocates for our members and the communities we serve.

We are looking for an Indirect Loan Underwriter to join our team! The Indirect Loan Underwriter will work in our corporate office in Metairie, La. The position is hybrid which will require 2 or more days in the office.

PRIMARY FUNCTION :

The Indirect Loan Underwriter is responsible for evaluating and underwriting indirect loan applications, ensuring they meet the credit union's policies and regulatory requirements. This role involves analyzing applicant financial data, assessing creditworthiness, and making loan approval decisions within assigned authority levels. The Indirect Loan Underwriter works closely with dealerships, members, and internal teams to facilitate a smooth and efficient lending process while mitigating risk for the credit union. The Indirect Loan Underwriter will assist employees in the and all appropriate internal credit union partners. Conducts daily business interactions and maintains constant alignment with OnPath's mission, culture, and core values. Encourages others to act with mission, culture, and core values in mind always. Demonstrates initiative and sound judgment in the absence of specific direction from management. Ensures value through decision making that supports credit union goals and interests. Passionately displays a desire to build rapport and expand relationships with all members both internally and externally. Stays informed on OnPath's products and services to provide the right recommendations to the right members at the right time. Promotes and maintains a positive image of the credit union to peers, members, and communities we serve.

MAJOR DUTIES AND RESPONSIBILITIES :

• Review and underwrite indirect auto loan applications submitted by dealerships.
• Analyze applicant credit history, income, and other financial information to assess risk.
• Ensure that loans comply with internal lending policies, procedures, and regulatory requirements.
• Approve, deny, or counter-offer loan applications within authorized limits.
• Refer applications that exceed approval limits or require further review to senior underwriting staff or management.
• Clearly document and justify decisions for audit and compliance purposes.
• Serve as the primary contact for auto dealerships, providing clear communication on loan status and decisions.
• Work collaboratively with lending staff, member service representatives, and external partners to ensure a seamless loan process.
• Provide excellent service to members, answering questions regarding loan terms, rates, and underwriting decisions.
• Identify and mitigate potential risks in loan applications while maintaining a balance between loan growth and risk exposure.
• Stay informed on industry trends, regulatory changes, and market conditions that may impact lending practices.
• Assist in developing strategies to enhance loan quality and reduce delinquency and default rates.
• Ensure all underwriting decisions adhere to applicable federal, state, and credit union regulations, including Fair Lending, ECOA, and Truth in Lending. Maintain accurate and detailed loan files, ensuring all documentation is complete and compliant with audit standards. Participate in periodic audits, reviews, and quality control processes.
• Maintain accurate and detailed loan files, ensuring all documentation is complete and compliant with audit standards.
• Participate in periodic audits, reviews, and quality control processes.

KNOWLEDGE AND SKILLS :

EXPERIENCE

Six months to two years of similar or related experience, including time spent in preparatory positions.

EDUCATION / CERTIFICATIONS / LICENSES

A high school degree or GED is required.

INTERPERSONAL SKILLS

A significant level of trust, credibility and diplomacy is required. In-depth dialogue, conversations and explanations with customers, direct and indirect reports and outside vendors can be of a sensitive and / or highly confidential nature. Communications may involve motivating, influencing, educating and / or advising others on matters of significance. Typically includes subject matter experts as well as first level to middle managers.

OTHER SKILLS

Strong knowledge of lending practices, credit analysis, and indirect loan underwriting. Proficient with loan origination software and other financial analysis tools. Excellent decision-making skills with the ability to balance risk and reward. Strong interpersonal and communication skills, with the ability to work effectively with dealerships, members, and internal teams. Detail-oriented with excellent organizational and time-management abilities.

ADA REQUIREMENTS :

PHYSICAL REQUIREMENTS

Is able to bend, sit, and stand in order to perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs. Must be capable of climbing / descending stairs in an emergency situation. Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators. 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 or travel off site whenever required or requested by management. Must be capable of regular, reliable and timely attendance.

WORKING CONDITIONS

Must be able to routinely perform work indoors in climate-controlled shared work area with minimal noise.

MENTAL AND / OR EMOTIONAL REQUIREMENTS

Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team. Must be able to read and carry out various written instructions and follow oral instructions. Must be able to complete basic mathematical calculations, spell accurately, and understand computer basics. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and / or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising highest level of discretion on both internal and external confidential matters.