Loan Specialist

Sound is looking for…

A Loan Specialist to join our team! As the Loan Specialist, you will underwrite, process, fund and service all types of consumer loans. This includes underwriting and processing for both the Indirect Lending and Consumer Lending departments as needed, using both Lending 360 and MeridianLink loan origination systems. You will maintain excellent business relationships with participating dealerships in a high-volume environment. As the Loan Specialist, you will assist members with inquiries, requests, and/or problems in a friendly, respectful, courteous, and professional manner.  

At Sound you will experience…

• Our purpose which is “to stand with you through all waves of life”. Every day, our employees help us to live this purpose. We believe in empowering our employees to do the right thing. 
• A diverse workforce with an inclusive and supportive environment.
• Besides competitive pay, we offer career growth, and we hold a benefits package that’s consistent with our purpose, personalities, and values.
• Teams that are living out the credit union philosophy of “people helping people”.
• Fellow employees who are dependable, genuine, inclusive, and resourceful.
• Leaders of Sound Credit Union who embrace our Brand Purpose. At Sound, we recognize our actions strongly impact our Brand-led culture. Therefore, we commit to consistently serve as Brand Advocates by modeling desired behaviors to inspire others through being Supportive, Open, Unified, iNclusive, and by Doing the right thing.
• Learn more about our company culture here!

As a Loan Specialist you will…

• Participate in underwriting, funding, and servicing of a full range of consumer loans within lending authority limits; evaluate background information including employment history, credit history and debt to income ratio of applicants for loans, lines of credit, and VISA credit cards. Make credit decisions; approve/decline loans; evaluate risk; determine collateral needs and set terms for approved and modification of loans or identify reasons for denial. Review title paperwork and loan documentation. 
• Receive, process and fund indirect (CUDL) funding packets. 
• Review MSRP, NADA, or Kelley Wholesale guide for vehicle valuation.
• Maintain positive dealer relationships in a high volume, fast-paced environment.
• Maintain awareness of current trends in consumer credit financing.
• Analyze pay stubs and tax returns to determine income verification.
• Verify rate, term, and all stipulations are met including proof of income.
• Open new accounts obtained through all lending programs; input relevant information into computer system; prepare and send Welcome Packets for new members obtained through lending programs; audit loan files as assigned, to ensure compliance; respond to member inquiries regarding loans.
• Review signed membership application card (if applicable) and copies of Washington State DL.
• Ensure that purchase orders are signed.
• Maintain servicing of Guaranteed Asset Protection (GAP) and Mechanical Breakdown Protection (MBP).
• Responsible for ensuring all documents and information is complete prior to disbursement.
• Verify that the title application has Sound Credit Union listed as the lien holder. Verify that correct applicants are listed on the title application.
• Ensure that copies of the service, GAP, LoJack, and CL&D contracts are present; or any other type of ancillary products (if applicable).
• Verify that the agreement to furnish insurance has Sound Credit Union listed as the loss payee.
• Verify that a valid copy of the insurance card is with the funding packet.
• Ensure that there is a Risk Based Pricing Notice (if applicable).
• Ensure that there is a signed credit application.
• Verify signed WA LAW Contract and check the dealer assignment is accurate.

Our ideal candidate will bring to the team…

• Two years of experience processing and underwriting consumer loans required.
• Dealer funding environment preferred.
• High School Diploma or equivalent required.

In addition:

• Must be bondable
• Employer sponsorship to secure or maintain employment authorization not available

As a team member of Sound, you will receive…

• These benefits in support of a true work/life balance:
  • Full medical, dental, vision, and disability for the employee [yourself] with premiums paid by Sound
  • 401(k) with 4% match - Plus discretionary profit share of up to 5% of annual salary
  • Three weeks Paid Time Off (PTO) accrued annually
  • 5 employer paid work/life balance days
  • 10 paid federal holidays every year
  • Employee assistance program for wellness counseling
  • Gym/lifestyle reimbursement
  • Free and/or discounted banking services with Sound
  • Employee Charitable Matching & Volunteer Program
  • Employee bonus program
  • Tuition assistance
  • ORCA pass
• Incentives available for multilingual speakers

Your compensation:

At Sound Credit Union we believe in paying our employees a fair and living wage. Individual offers are made dependent upon a candidate’s prior experience and education level as it pertains to their role. This strategy promotes a talented and empowering work environment that we hope you will be a part of! Our pay ranges are built to allow for candidates with various levels of skill and experience to be considered, as well as for room for growth and tenure achieved in a role over time. Typical new hire salary offers fall within the minimum to midpoint of a pay range for many candidates, which allows us to offer merit-based salary increases.

Minimum: $28.08
Midpoint: $35.10
Maximum: $42.12

Your hours:

A hybrid schedule Monday - Friday: 9:30 am – 6:00 pm with rotating weekends.

In your role you will have the ability to combine in-person and remote work after being fully trained. 

About Sound Credit Union…

Sound Credit Union (Sound) was founded in 1940 and is one of Washington State’s largest credit unions. We have 26 full-service branches located throughout the Puget Sound region. At Sound, we pride ourselves on making connections with our members, employees, and community. We’d love to share more about why Sound is somewhere you want to be, apply now, and visit our website at: www.soundcu.com.

The future is in our hands…

Sound Credit Union is proud to be an Equal Opportunity and Affirmative Action employer that is committed to diversity, equity, and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, veteran status, disability, age or any other protected status.

People of color, women, LGBTQIA+, veterans and persons with disabilities are encouraged to apply!