Credit Buyer

Job Details

Job Location: Albuquerque, NM

Position Type: Full Time

Education Level: 2 Year Degree or Experience

Salary Range: Undisclosed

Travel Percentage: None

Job Shift: Day

Job Category: Banking

Description

We are excited to announce an opening for a Credit Buyer position. This role is for a motivated individual passionate about building relationships and fostering our community.

You will collaborate with dealers and members in order to underwrite indirect loan applications. Your main responsibilities include reviewing and underwriting loan requests in accordance with internal policies and regulations.

If you thrive in dynamic environments and want to make a positive impact, we encourage you to apply and help us create a vibrant community together!

LOCATION: Operations Center, ABQ NM

Schedule of Work:

• Monday to Friday: 8:30 AM to 5:30 PM
• Rotating Saturdays and Holidays

Please keep in mind that this schedule is subject to change as needed.

BENEFITS:

• Medical, Dental & Vision Insurance

• Paid Short-Term Disability, Life Insurance and AD&D

• Paid Federally Recognized Holidays

• Vacation, Birthday, Floating Holiday & Sick Leave

• Tuition Reimbursement

• 401(k) with Employer Match

• Pension Plan

• Opportunities for advancement

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. Approves or denies credit applications based on analysis and policy guidelines.

DUTIES AND RESPONSIBILITIES

• Gathers background information on credit applications by reviewing credit request, 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 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.

• Contacts dealership in a timely manner, clearly stating the approval/denial decision, with or without conditions.

• Proactively manages dealer relationships in order to develop additional business and generate loan volume for the Credit Union. Maintains positive and professional relationships with dealer contacts, promoting Sandia Area and its Dealer Finance Program in a positive manner. Conducts monthly phone calls and performs consistent dealer visits as directed.

• Manages portfolio consistently and diligently in order to ensure that Credit Union losses are minimal. 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 needed, and counseling members by helping them appraise and understand their current financial condition while helping resolve current financial 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 that may occur.

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 degree of initiative to manage large volume of incoming loan applications.

• Flexible in judgment making.

• Excellent oral and written communications 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 desirable.

• Business or equivalent degree or two years 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.

Sandia Area Federal 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.