Indirect Consumer Underwriter II

First Defiance Financial Corp. Youngstown , OH 44501

Posted 2 months ago

Position Title: Indirect Consumer Underwriter II

Department: Consumer Loan Services

Position Reports to: Director of Consumer Lending

Position Supervises: No Direct Reports

Position Summary:

The purpose of the Indirect Underwriter is to make credit decisions within established internal lending guidelines, regulatory requirements, and timeframes in order to achieve the Bank's indirect loan portfolio growth and profitability objectives. This is accomplished by approving or denying the indirect applications. Must be able to analyze risk factors, review credit bureau reports and any supporting documentation to determine the credit worthiness of the customer. Adhere to all Bank and Consumer Lending Policies. Demonstrate and implement our Trusted Advisor strategy to all internal and external customers.

Duties and Responsibilities:

  • Review consumer loan applications and exercise lending authority within established underwriting guidelines to approve and deny applications for direct and indirect consumer loan applications for all products

  • Review credit bureau and vendor reports to determine credit worthiness of each customer

  • Interact with dealers clarifying loan decisions as necessary

  • Interact with indirect funder/ processor to maintain efficient loan flow

  • Develop and maintain positive relationships by interacting with auto dealerships to maximize car loan potential while minimizing risk

  • Monitor auto rates at competitors

  • Ability to make 3 quality business development calls per month to acquire new and/or maintain current dealership relationships

  • Thirty minute call back with loan decisions on indirect auto deals

  • Participate in the testing of new indirect loan software through LoansPQ

  • Handles escalated dealer related phone calls

  • Assist in preparing monthly indirect reports

  • Recommend changes and additions to loan programs to ensure customer satisfaction, efficiency gains and profitability of Company

  • Assists the direct underwriters with their work volume

  • Knows and understand the Consumer Loan Underwriting policy and Underwriting Standards

  • Front Line Leader for First Line of Defense for Compliance

  • Comply with all lending regulations as they apply to consumer lending

Education, Certification, License and Experience:

  • High school graduate or equivalent.

  • Associate's degree (A.A.) from a two-year college or technical school in a business related field preferred

  • 1 to 3 years of indirect, consumer and/or mortgage lending experience preferred

  • 5 to 7 years of indirect underwriting experience

  • 5 to 7 years of consumer/mortgage underwriting experience preferred

Skills and Knowledge:

  • Thorough working knowledge of consumer lending underwriting standards, fair lending laws and regulations, consumer loan products, credit scoring and processing systems, must understand accounting principles as they relate the financial services industry along with a firm understanding of consumer credit practices, policies and procedures and applicable state regulations.

  • Responsible for knowing and ensuring compliance with applicable laws, regulations and guidelines, as detailed in policies that include but are not limited to Bank Secrecy Act and other applicable anti-money-laundering rules, Right to Financial Privacy, Fair Lending, Community Reinvestment Act, Gramm-Leach-Bliley Act, and other laws and regulations as they pertain to the position.

  • Knowledge of LoansPQ LOS system

  • Must possess excellent verbal and written skills and be able to respond to questions from groups such as lenders, managers, customers, finance managers, vendors.

  • Ability to calculate income including personal/business tax returns. The ability to calculate figures and amounts such as discounts, interest, commission, proportions and percentages.

  • Independent judgment required in order to be able to gather, analyze and interpret data.

  • Ability to follow instructions and to work both independently and within a team environment.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.

Physical Requirements:

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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; reach with hands and arms; and talk or hear. The employee is occasionally required to stand and walk. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision and ability to adjust focus.

First Defiance is an Affirmative Action and Equal Opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or any other legally protected status.

The above statements are intended to describe the essential functions of the job and the qualifications of the person assigned to it. They are not intended as an exhaustive list of all job duties, responsibilities and requirements. Duties, responsibilities and activities may change or new ones may be assigned at any time with or without notice. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This job description does not constitute a contract of employment. Employment is "at will" and may be terminated at any time.

Position Details: Job Code: Classification: Hourly Salary Grade: 27 Incentive: 5% Position type(s): Full Time Travel: 20% Work schedule: Mon-Fri 8-5 occasional Saturdays as needed for departmental support


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VIEW JOBS 4/29/2020 12:00:00 AM 2020-07-28T00:00 Position Title: Indirect Consumer Underwriter II Department: Consumer Loan Services Position Reports to: Director of Consumer Lending Position Supervises: No Direct Reports Position Summary: The purpose of the Indirect Underwriter is to make credit decisions within established internal lending guidelines, regulatory requirements, and timeframes in order to achieve the Bank's indirect loan portfolio growth and profitability objectives. This is accomplished by approving or denying the indirect applications. Must be able to analyze risk factors, review credit bureau reports and any supporting documentation to determine the credit worthiness of the customer. Adhere to all Bank and Consumer Lending Policies. Demonstrate and implement our Trusted Advisor strategy to all internal and external customers. 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The ability to calculate figures and amounts such as discounts, interest, commission, proportions and percentages. * Independent judgment required in order to be able to gather, analyze and interpret data. * Ability to follow instructions and to work both independently and within a team environment. Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate. Physical Requirements: 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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 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Indirect Consumer Underwriter II

First Defiance Financial Corp.