Indirect Lender

About this role

At VyStar, we offer competitive pay, an excellent benefit package that includes a 401(k) Plan, an extensive paid technical and on-the-job training program, and tuition reimbursement--available to all full and part time employees.  Part time positions start at a minimum of 30 hours per week.

We encourage you to become a part of VyStar Credit Union's family of employees.

Indirect Lender

The Indirect Lender must be able to handle high volumes of indirect loan applications from dealers and effectively utilize their analytical judgement to render formalized risk assessment and pricing decisions. The Indirect Lender must be familiar with all VyStar lending policies, procedures, regulations, and State Statutes surrounding Indirect Consumer lending. The incumbent is responsible for the evaluation and verification of loan data to ensure it will meet all indirect lending regulations and requirements. The Incumbent is responsible for maintaining excellent dealer relations, department relations, and maintaining a positive work environment. The Indirect Lender will support AI-driven solutions to increase both efficiencies and accuracy of risk pricing. This includes helping to create a culture where innovation in process improvements is encouraged and where each employee is individually and collectively responsible for reaching individual, department, and corporate goals. As part of the VyStar team, the Indirect Lender provides quality service to VyStar members by making credit decision within prescribed loan authority and quickly acts on credit applications referred through our third-party indirect vendors. The Indirect Lender interacts directly with third party indirect vendors, participating dealerships, and members to facilitate the loan application and approval process.

This role also ensures compliance with state and federal lending laws and ensures quality underwriting that leads to loss ratios within targeted thresholds established for profitability. Collaborates with the Indirect Sales Team, Indirect Disbursing team and assists to effectively develop and relationship build with over 400 dealers and third-party vendors.

Essential Job Functions: • Proficiently perform all duties of an Indirect Lender. • Responsible for making the credit decision and risk mitigation of loan applications that originate through the indirect vertical as determined by VyStar’s geographic footprint. • Ability to review a credit request for completeness, accuracy and feasibility and be able to discuss requests/results with originating dealer. • Identifies critical issues, recognizes red flags and compensating factors, and makes loan decisions using sound discretion and within approval limits. • Possess ability to accurately review and analyze individual and corporate tax returns and business financial statements to determine qualifying income on credit applications. • Ensure strict adherence to all ECOA and Fair Credit Lending Regulations. • Collaborate with internal departments and serve as a liaison for audit and compliance issues as needed. • Collaborate with 3rd-party software vendor on computer support and maintenance issues that may include specification design, development oversight, infrastructure changes, report creation, as well as testing and integration of AI driven solutions. • Identifies and makes recommendations for process improvements, increased efficiencies, and quality service delivery to ensure timely loan decisions within service level agreements.  • Maintain and build relationships within the Finance Department and the Dealer Lending Division sales team to help facilitate business and foster good business relations. • Stay current on market conditions and changes in the competitions programs to help provide the Dealer Lending Division with a current and competitive product. • Understand and comply with Credit Union policy, laws, regulations, and the bank’s BSA/AML. Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity. • Must be well versed in all Indirect Consumer loan products to include Auto, Motorcycle, RV, and Marine. • Must be able to analyze, underwrite and evaluate Indirect Luxury loan applicants for creditworthiness using the available system tools to make an impartial and valid loan decision that is within authority, policy, and compliance guidelines. • Ability to review a credit request for completeness, accuracy and feasibility and be able to discuss requests/results with lenders and Dealers. • Responsible for knowing the department’s goals and status of those goals. • Responsible for maintaining loan delinquency and charge off levels within the acceptable range as defined and published in procedure. • Perform to all established performance metrics and goals as outlined by department management and applicable policy and procedures. • Possesses underwriting creativity and ability to restructure applications for approval while mitigating the associated credit risk.

• Must consistently demonstrate a courteous, tactful professional, personable, and friendly communication style with a focus on member and dealer service and an ability to interact with all levels of individuals on the phone and in person. • Possess ability to accurately review and analyze individual and corporate tax returns and business financial statements to determine qualifying income on credit applications. • Must show concern and respect for others in all interactions and inspires confidence and trust with members, dealers, and co-workers. • This position requires varied schedules including weekends and nights and may require additional hours beyond established work schedules to meet the needs of the business, serve members and as necessary to complete project deadlines. • All employe

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