• Wholesale Consumer Loan Underwriter

    Job Location
    United States-IL-Rolling Meadows
    Work Status
    Full-Time
    Department
    Consumer Finance
    FLSA Status
    Exempt
    Requisition ID
    2018-1918
  • Start a Rewarding Career with Alliant

    Why Alliant?

    We’re not a typical financial institution – we’re better. We’re an innovative, fun-loving, highly-engaged group of professionals that are committed to our company and the communities we do business in. We love to recognize and celebrate each other.

     

    Over 90% of our employees say we are a great workplace that is focused on our mission, vision and the future of banking.

     

    What will your day look like?

    You will be responsible for underwriting and rendering loan decisions on consumer loans referred and received through Alliant’s wholesale lending partnerships and platforms. Primary responsibility is for underwriting recreational vehicle (RV) loans, secondary is vehicle loans. Work involves moderate difficulty in reviewing applicant credit information and determining and communicating loan decisions in accordance with underwriting and compliance standards, credit union policy and risk tolerance in a high volume, fast paced environment. Resources to do the job require the ability to analyze and interpret credit information including income verifications including tax returns and collateral valuations.

    Responsibilities

    Do you see yourself doing this?

    • Analyzes and makes final approval decisions on RV recreational vehicle loans received through various lending platforms provided by Aliant’s wholesale lending relationships.
    • Makes appropriate recommendations including counter offering, restructuring and referring for other credit union products/services within approved lending authority.
    • Underwrites loans by analyzing credit reports, tax returns, pay statements and W2 forms. Interprets collateral valuations as necessary to protect the credit unions interest.
    • Grants or declines loans based on Credit Union policies and guidelines. Demonstrates the ability to manage credit risk standards while balancing the need to originate high loan volumes of performing loans.
    • Makes recommendations to Consumer Lending management on loans outside of consumer underwriter’s lending authority as delegated by the Consumer Loan Committee in accordance with the credit union Consumer Loan Policy.
    • Fosters strong working relationship with indirect lending partners, dealers, as well as Alliant’s account executives and loan processors and closers.
    • Handles dealer rehash calls and works closely with dealerships to increase Alliant’s business
    • Ability to work late nights (until 8 PM CST) and a rotating Saturday weekend is required of this position

    Qualifications

    What makes you a great fit?

    You’ll be a great fit if in addition to the completion of a Bachelor’s degree, 3 – 5 years of previous experience in consumer lending or wholesale lending in an automated decision environment with significant loan approval authority, and you have:

     

    • Strong organizational, technical, analytical and decision making skills
    • Availability to work Saturday rotation
    • Previous experience in wholesale vehicle lending with specific focus on recreational vehicle financing preferred

     

    When you’re happy, we’re happy!

    As a thank you for joining our team, you’ll benefit from:

     

    • Competitive medical, dental, and free vision benefits
    • Competitive compensation plan
    • Contributions towards gym memberships
    • Generous PTO and banking holidays off

     

    Still not convinced?

    We’re on the list of 100 Best Medium Companies to work for, check it out here. For more details you can also visit our Glassdoor and LinkedIn profiles.

     

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