Indirect Loan Funder - Credit Union 1

Credit Union 1 is Recognized as a Chicago Tribune and Las Vegas Review-Journal Top Workplace 2023

We are excited to announce that Credit Union 1 has been recognized as a Chicago Tribune and Las Vegas Review-Journal Top Place to work for the third year in a row! The Top Workplaces explore how organizations create and sustain a positive and productive work culture. A great culture is important to Credit Union 1 and our culture is made up of more than great benefits and time off.

Join the Credit Union 1 Team

If you are highly motivated, friendly, and looking for a great place to work, join the Credit Union 1 team. As an employee of Credit Union 1, you will be part of a well-established and respected credit union that offers you amazing benefits, along with both stability and the opportunity for a great career path.

Top reasons to begin a career at Credit Union 1:

• Get paid for NOT working 13 holidays each year!
• Paid Time Off (PTO) begins accruing day one of employment
• Tuition reimbursement for approved courses (after 1 year)
• Free Employee Assistance Program (EAP)
• Livongo Diabetes Management Program
• Career growth opportunities it's our philosophy to promote from within whenever possible. Credit Union 1 is committed to your success and professional development.
• Excellent benefits packages including:
  • Medical PPO insurance
  • High Deductible Health Plan (HDHP) and Health Savings Account (HSA)
  • Dental & vision insurance (employee coverage 100% company paid)
  • Life, AD&D, short and long-term disability insurance (100% company paid)
  • 401(k) retirement and profit-sharing plan
• Being part of a team providing services with the goal of improving the ongoing economic well-being of our members.
• Exclusive interest rate reduction for qualifying loan products.

The Job at a Glance

The Indirect Loan Funder is responsible for assisting underwriting personnel with quality assurance such as verification of income and document compliance for loans obtained through auto dealerships. This individual will be an internal and external champion for the credit union's Indirect Lending department's sales and service culture.

A Typical Day

• Process indirect loan applications within designated goal time following CU1's lending criteria, policies and procedures.
• Accurately calculate dealer reserve payments and initiate ACH payments to dealerships upon loan funding.
• Verify accuracy of application information, including but not limited to income, employment, and residence.
• Maintain strong knowledge of all lending policies, procedures, products, and applicable regulations to support compliance and quality control objectives.
• Protect the Credit Union by monitoring applications for red flags and potential fraud, escalating applications when necessary.
• Communicate funding delays to dealership representatives with accuracy and efficiency and projects as a Subject Matter Expert.
• Act as liaison between Indirect Lending Department and dealership representatives as well as internal members, including branch staff and other department staff.
• Conduct oneself in a kind, courteous, and helpful manner to all members, both external and internal.
• Actively participate in training/education activities to maintain and enhance professional and technical skills, relative to industry standards and trends, which supports the professional development of lending personnel.
• Resolve member issues relating to loan processing.
• Perform other duties and assist other employees, as assigned.
• Reports regularly to the Indirect Lending Manager.
• Works regularly with lending personnel on an "as needed" basis.
• Has regular contact with vendors to maintain quality service to the members.

What We Look For

• High school diploma required.
• Must be a self-starter, researching information where needed.
• Strong verbal and written communication skills; strong attention to detail.
• Good organizational and time management skills
• Requires professional appearance and attitude.
• Must have the ability to adjust to changes in duties and methods.
• Proficient with spreadsheets and word processing software
• Must have availability for a rotating Saturday shift.