Indirect Lending Underwriter
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Job Location:
Cedar Rapids, IA - USA
Monthly Salary:
Not Disclosed
Posted on:
23 hours ago
Vacancies:
1 Vacancy
Job Summary
Do you enjoy assisting members with financing the car of their dreams
Collins Community Credit Union has an immediate opening for a Full time Indirect Lending Underwriter.
***This position will work non-traditional hours of week day evenings and Saturdays.***
The Indirect Underwriter is responsible for analyzing underwriting and approving indirect automobile loan applications originated through franchised and independent dealerships. Also reviewing applications generated through third-party aggregators. This position ensures that loans are underwritten in accordance with established credit policy risk appetite regulatory requirements and fair lending standards while supporting dealer relationships and maintaining service-level expectations. Will work with branch loan applications and staff from time to time.
Duties can include:
- Evaluate borrower creditworthiness using credit reports income documentation debt obligations and compensating factors
- Determine appropriate loan terms including loan amount APR term advance and collateral eligibility
- Approve counteroffer or decline applications within assigned lending authority
- Ensure all loans comply with internal credit policy underwriting guidelines and risk tolerances
- Support portfolio quality through consistent well-documented underwriting decisions
- Communicate loan decisions clearly and professionally to dealership finance personnel
- Structure deals that meet borrower needs while protecting the institutions risk position
- Maintain strong working relationships with dealers by providing timely responses and consistent decisioning
- Adhere to all applicable laws and regulations including but not limited to ECOA/Regulation B TILA/Regulation Z FCRA and UDAAP standards
- Ensure accurate and complete loan documentation including credit applications retail installment contracts and insurance requirements.
Applicants must have valid work authorization for permanent employment in the U.S. without the need for sponsorship.
Benefits & Culture We live our Core Values with Purpose. By putting our employees first we empower you to provide world-class service to our members.
Our Comprehensive Total Rewards Package Includes:
- Compensation: Competitive salary bonus opportunities.
- Retirement: 401(k) plan with market leading employer matching.
- Education: Tuition reimbursement to support your professional evolution.
- Development: Internal training and career advancement paths.
- Protection: Full health/wellness coverage and disability insurance.
- Extras: Employee-exclusive discounts and a supportive work environment.
Collins Community Credit Union is an EEO Employer. M/F/Veteran/Disability. We strongly encourage minorities veterans and individuals with disabilities to apply. We are an E-Verify Employer.
Key Skills
- Loan Processing
- Computer Skills
- Fraud
- Math
- Banking
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Underwriting
- Financial Analysis
- negotiation
- Phone Etiquette
About Company
It’s time to make your money work for you! Partner with Collins Community Credit Union and gain access to the tools & knowledge you need to succeed financially. With convenient locations in Cedar Falls, Dubuque, Marion, Cedar Rapids, North Liberty, Iowa City and Des Moines, all you ne ... View more
