CREDIT BUYER

Description

OVERALL JOB PURPOSE

Responsible for reviewing, analyzing, and acting on indirect credit applications. Analyzes and underwrites applications using background information and applicant’s credit history. Approve or deny credit applications based on analysis and policy guidelines.

DUTIES AND RESPONSIBILITIES

• Gathers background information on credit applications by reviewing credit requests, collateral offered, credit reports, and any other pertinent information.
• Verifies debts, estimates monthly payments for any outstanding debts not listed, and adds them to debts on applications.
• Calculate debt-to-income ratios and discretionary income on loan applications.
• Calculates the loan applicant’s secured and unsecured debt.
• Calculates buy downs.
• Determines the strength of collateral and payment plan for applicants.
• Determines eligibility of loan co-maker from co-maker application, relationship to applicant, and credit report.
• Approves or denies automobile credit applications within Credit Union parameters and authority given.
• Contact the dealership in a timely manner, clearly stating the approval/denial decision, with or without conditions.
• Proactively manages dealer relationships to develop additional business and generate loan volume for the Credit Union. Maintains positive and professional relationships with dealer contacts, positively promoting Sandia Area and its Dealer Finance Program. Conducts monthly phone calls and performs consistent dealer visits as directed.
• Manages portfolio consistently and diligently to ensure minimal Credit Union losses. Portfolio management includes but is not limited to: weekly collection on delinquent loans, performing extension agreements as needed, preparing recommendations for work-out loans as required, and counseling members by helping them appraise and understand their current financial condition while helping resolve current economic problems.
• Assists in the training and development of Indirect Loan Processors.
• Returns dealer and member phone calls in a timely manner.
• Ensures that the Indirect Lending Manager is kept fully informed regarding any problems or potential problems.
• Meets deadlines as assigned and directed.

Qualifications

KNOWLEDGE, SKILLS, AND ABILITIES

• Requires excellent analytical skills where lending decisions are complex.
• Requires excellent interpersonal communication skills to relay positive or negative lending decisions to members.
• Solid understanding of National Credit Union Administration (NCUA) lending regulations and credit union lending policies and procedures.
• Productive initiative to manage the large volume of incoming loan applications.
• Flexible in judgment making.
• Excellent oral and written communication skills.
• Ability to set priorities to meet deadlines.
• High level of organizational skills.
• Must be able to lift up to 10 lbs.

EDUCATION AND EXPERIENCE REQUIREMENTS

• Underwriting experience preferred.
• General knowledge of credit unions is desirable.
• Business or equivalent degree or two year’s experience in a lending role.

*** Please submit an employment application to www.sandia.org/careers ***

Sandia Area Federal Credit Union (SAFCU) is an Equal Opportunity Employer.

SAFCU provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.