Indirect Lending Specialist

Organization Overview:

Northwest Bank opened its first office in Rockford in 1972. Our founders had a vision of providing the Rockford area with community banking services that customers could depend on. Northwest Bank of Rockford is a subsidiary bank of Foresight Financial Group, Inc.

To be a successful Team Member an individual should contribute to and promote the organization’s culture by championing the organization’s goals and mission to be a high performance community bank. A commitment to the organization’s shared values of Respect, Enthusiasm, Caring, Integrity, Teamwork, and Expertise is apparent in everyday actions, communication, and decision making process, and the Team Member actively contributes to creating a positive working environment for all Team Members.

Position Summary:

Performs a wide range of sales, service, and technical support for Indirect Lending Relationship Manager while providing superior customer service to Indirect Lending Customers. Assists Relationship Manager with the servicing and development of prospective and current business relationships. This high contact position is also responsible for the processing, and documentation of indirect loans. Responsible for managing Loan Origination System including credit policies and rate tables.

Primary Responsibilities:

1. Understands consumer and indirect lending regulation and legislation and applies knowledge to processes, daily operations, and record keeping.
2. Verifies loan application and support documentation for completeness and accuracy.
3. Validates and clears all underwriting stipulations prior to funding.
4. Completes timely and accurate funding of closed loans utilizing ACH processing.
5. Ensures all operational processes are complete and accurate in accordance with polices and thresholds set by Northwest Bank.
6. Reviews closed loans to ensure full completion, proper documentation, and transfer of needed information to Northwest Bank Operations and document imaging program.
7. Mails welcome letters, denial letters, and additional correspondence in accordance with Northwest Bank policies and industry regulations.
8. Manages rate tables, credit policies, and all other parameter settings within Loan Origination System.
9. Verifies and posts monthly dealer reserve payments through ACH.
10. Accurately performs process to board and participate funded loans.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Competencies:

To perform the job successfully, an individual should demonstrate the following competencies. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Personal Effectiveness/Credibility: Appropriately use technology, interpersonal communication, written presentation to accomplish tasks and collaborate with others. Provide work outcomes that are thorough, timely and accurate.

Planning: Can establish a systematic course of action for self in order to accomplish objectives in an organized manner; determines priorities and allocates resources effectively. Navigates the organization to accomplish objectives effectively.

Adaptability: Adapts to change, open to new ideas and responsibilities.

Quality: Strives to eliminate errors, accurate work is a priority, seeks opportunities to improve product/services.

Technical: Knowledge of Word Processing software, Spreadsheet software, Internet software.

Position Performance Standards:

Maintains timelines by boarding loans within 72 business hours from funding date

Fund loans prior to 3pm daily

Accurately complete end of the month balancing and monthly reconciliation reports

Performance Weightings:

40% Competencies

60% Position Performance Standards and Personal Goals

Culture:

To be a successful Team Member an individual should contribute to and promote the organization’s culture:

• Champions organization’s goals and mission to be a high performance community bank.
• Commitment to the organization’s shared values of Respect, Enthusiasm, Caring, Integrity, Teamwork, and Expertise are apparent in everyday actions, communication, and decision making process.
• Advocates shared values to create a positive working environment for all Team Members.

Qualifications:

High school diploma or general education degree (GED) required. Minimum 3 years related experience working with consumer lending; previous consumer auto loan underwriting a plus. Possess valid driver’s license, reliable transportation and adequate auto insurance.

Physical Demands and Work Environment:

This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, copy machines, filing cabinets and fax machines. The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This position requires manual dexterity. The Team Member must be able to legally operate a motor vehicle. While performing the duties of this Job, the Team Member is regularly required to sit or stand for extended periods of time.