Indirect Lending Underwriter

Our Indirect Lending Underwriters primarily process credit applications received from the credit union’s indirect lending channel and secondarily assist Loan Consultants with lending decisions. The Indirect Lending Underwriter (ILU) is skilled in assessing the member’s financial picture and has the decision-making authority on loans. The Underwriter works on behalf of the credit union to ensure a sound overall loan portfolio.
Duties and Responsibilities
Facilitates the timely processing of loans to bring the application to the point that a decision can be reached to approve or deny the loan.
Maintain a healthy working relationship with dealers, while balancing the needs of the members’ finances and the credit union portfolio.
Manage workflow/distribution of internet loans.
Troubleshoot funding issues
Assist other lending staff in decisions, procedures, etc.
Skilled in recognizing opportunities that we may be able to assist the member in saving money through the consolidation and/or refinancing of other debts
Determine collateral needs and payment plans
Ability to interpret Board Policies and Procedures involved in the approval process
Authorize changes in loan terms, waiver of payment, due date changes, etc.
Enter loan on computer and disburse funds as required
Develop an understanding of credit union history, philosophy, organization, bylaws and operational procedures
Assist in any other area as directed by supervisor
Must be flexible to work overtime as needed (may include weekends)
Qualifications
Detail oriented
Analytical skills in risk-based underwriting
Professional appearance and behavior
Mature judgement
Confidence
Good organizational and time management skills
Reports to Chief Lending Officer
Benefits
44 North Credit Union offers a full range of benefits including:
Medical, dental, vision and basic life insurance along with other supplemental coverage options
401(k) Retirement Plan with credit union match
Paid Time Off (PTO)
Paid Holidays
and more!
44 North Credit Union is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.

Employment type
Full-Time

Work arrangement
No