What are the responsibilities and job description for the Indirect Loan Officer - FT position at Veridian Credit Union?
Job Description
Job Description
This is a hybrid position that requires individual to work 2 days a week from one of our locations in North East, or Central IA, or Omaha, NE.
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Application deadline : March 12th, 2025
Summary
The Indirect Loan Officer is responsible for reviewing and underwriting indirect auto loan applications for Veridian indirect dealer partners and ensures decisions are compliant in following regulations and established Veridian policies and procedures. This position works closely with dealer partners to create and maintain strong dealer relationships.
Essential Functions
- Create excellent service experiences that promote the Veridian brand.
- Review and underwrite applications received from business managers at auto dealerships.
- Analyze all information pertinent to the granting of a loan, including the value of collateral being offered as security, and determine action, including approval, counteroffer, and disapproval.
- Review dealer documentation and submit to a Dealer Finance Loan Processor for funding and tracking.
- Work closely with funding team and dealer partners to obtain stipulations required to fund loans.
- Responsible for creating, cultivating and maintaining relationships with all levels of Veridian auto dealer partner personnel.
- Provides education to dealer partners on Veridian's indirect auto products and assists with the creation of strategies to meet indirect loan volume goals while maintaining quality / margin / efficiency standards.
- Present and cross-sell products to business managers at auto dealerships.
- Accountable for documenting and sharing various dealer communication efforts with Indirect Management in a timely manner.
- Stay informed of dealer volume and delinquency information.
- Consistently achieve the established monthly and annual targets for the position.
Key Attributes
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job :
Working Conditions
This job operates in a professional office environment and routinely uses standard office equipment.
Travel
Limited travel expected.
Required Education and Experience
Preferred Education and Experience
Other Duties
Veridian Credit Union is a PCI compliant financial institution to ensure the security of member information. As such, all employees are expected to ensure security measures are in place and adhered to regarding PCI and other highly secure data compliance requirements.
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
