Indirect Loan Underwriter II

: Position Summary Job Title: Indirect Loan Underwriter II Department: Consumer Lending Reports to: Indirect Lending Manager Cost Center: FLSA Status : Exempt Location: Fort Washington Salary Grade: M/T 20 Job Code: Subordinate Reports : Date Revised : April 2024 Position Summary Analyze indirect loan application packages and approves or denies within Indirect Loan Policy guidelines. Discusses loan alternatives, credit criteria, interest rates and loan documentation with members, dealers, and merchants. Coordinates underwriting process to ensure quick, responsive and accurate lending decisions. Essential Functions

• Exercise sound judgment and discretion to approve, counteroffer or deny loan applications under authority delegated.
• Ensure appropriate structure for approved and counter offered loans, setting rate, terms and conditions to limit potential loss and maintain quality in our loan portfolio.
• Manage underwriting duties promptly and accurately while maintaining adherence to our quality service standards.
• Work within precise standardized guidelines with some latitude to make decisions and take initiative to resolve problems or unique circumstances.
• Makes underwriting exception recommendations when warranted and send recommendations to the CLO, VP, Consumer Loan Origination or AVP, Consumer Loan Origination.
• Effectively communicate with internal and external stakeholders to ensure a positive and clear understanding of loan decisions.
• Additional Functions
• Audit, review or prepare reports as delegated by TruMark Financial management.
• Assists in the due diligence when signing up new dealership or merchant relationships and make recommendations to terminate relationships when necessary for the soundness of TruMark Financial.
• Audit credit quality to identify negative trends which could impact performance. Additionally, track exceptions to policy to identify potential abuse in the program.
• Assist the VP and AVP, Consumer Loan Origination in reporting and tracking system issues which may negatively affect TruMark Financial and the dealerships.
• Assist the Indirect Loan Processors, when necessary, with any funding holdups in order to meet funding standards.
• Responsible for new hire training.
• Keep informed of current trends in consumer credit.
• Assists other underwriters with the performance of their duties as workload and volume may require.
• Remains active in credit union training programs. Complete the position's present curriculum as outlined by completing the following - credit union annual required compliance training and the supplemental courses listed within the prescribed time.
• Completes all other tasks, assignments or functions as assigned and/or required.

Job Requirements

• Strict attention to details and thoroughness in the completion of job duties.
• Have a critical understanding of the entire lending origination process.
• Comprehension of auto valuations and title specifications.
• Familiarity with state and federal lending regulations.
• Thoroughly understand loan policies, procedures and guidelines
• Use of computers for various applications, such as database management and word processing.
• Developing constructive and cooperative relationships with others.
• Honesty, integrity, and ethical behavior.
• Willingness to take on responsibility and challenges.
• Responsible for a professional and courteous interaction between TruMark Financial and all indirect dealerships
• Flex time may be necessary to accommodate the needs of the department.

Qualifications

• High school diploma or equivalent.
• Minimum of five years solid lending experience within the consumer financial services industry.
• Prior Indirect loan underwriting knowledge/experience.

Knowledge, Skills, and Abilities

• Ability to collaborate and relate well to all kinds of people, build appropriate rapport and constructive, effective relationships, and use tact and diplomacy to handle situations comfortably.
• Excellent organizational skills.
• Knowledge of economic, accounting, and finance principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
• Intermediate knowledge of credit underwriting concepts.
• Fundamental knowledge of accounting, finance, and economic principles.
• Knowledge of banking products, services, and systems.
• High reasoning skills including the ability to define problems, collect data, establish facts, and draw valid conclusions.
• Ability to understand new information and apply it to current and future job functions, problem solving, and decision making.
• Ability to apply critical thinking to identify the strengths and weaknesses of alternative solutions or approaches to problems.
• Ability to speak and write clearly to effectively convey information so that others understand and as appropriate for the needs of the audience.
• Ability to apply common sense understanding to carry out written and oral instructions.
• Ability to work independently with little supervision.
• Ability to provide effective direction and guidance to team members.

Physical Requirements

• Ability to sit for long periods of time up to 8 hours.
• Ability to use hands to grasp, handle or feel.
• Ability to use computer keyboard and system to enter data and process information.
• Ability to read a computer screen at a close distance.
• Ability to read, talk clearly so that others understand, hear, comprehend the written and spoken word, and see.
• Ability to use telephone to communicate with others.
• Ability to use office equipment such as teller scanner, personal computer, telephone, mobile device, copier, etc.

Working Conditions

• Moderate sound as in business office with office machines, computers, and people traffic.
• Open floor work environment.

All qualified applicants will receive consideration for employment without regard to race, color, age, religion, gender, sexual orientation, gender identity, national origin, protected veteran status or disability. This is not an employment agreement or contract, implied or otherwise. trumark financial credit union maintains “at will” employment. This document describes the position currently available. It is intended to convey information essential to understanding the scope of the position and is not an exhaustive list of skills, efforts, duties, responsibilities, or working conditions associated with it. TruMark Financial Credit Union reserves the right to modify duties or s at any time. Nothing in this restricts management's right to assign or reassign duties and responsibilities at any time. Individuals may perform other duties as assigned, including work in other functional areas to cover absences, to equalize peak periods, or otherwise balance the workload. TruMark Financial Credit Union is committed to the principles of equal employment opportunity and prohibits discrimination in hiring, promotion and terms and conditions of employment on the basis of race, creed, color, national origin/nationality, ancestry, religion/religious practices or observances, age, sex, gender identity or expression, affectional or sexual orientation, marital status, civil union status, domestic partnership status, disability or perceived disability, atypical hereditary cellular or blood trait, genetic information, and status as a veteran or disabled veteran of, or liability for service in, the Armed Forces of the United States. TruMark Financial Credit Union commits to making reasonable accommodation to the known physical or mental limitations of qualified individuals with disabilities and qualified disabled veterans provided the individual is able to perform the essential functions of the job, unless such accommodation would impose an undue hardship upon TruMark Financial Credit Union. The physical demands and work environment characteristics described herein are representative of those that must be met by an employee to successfully perform essential functions of this position or may be encountered while performing essential functions. A qualified employee or job applicant with a disability may request a reasonable accommodation by contacting TruMark Financial Credit Union's Human Resources Department.