Vice President Consumer Lending

Note:
All full-time positions include exceptionally low medical premiums in addition to a whole host of other benefits.

The Vice President, Consumer Lending, is responsible for managing and directing Tower Federal Credit Unions’ (TFCU) Consumer Lending Department which is comprised of the Central Loan Underwriting, Processing and Funding, Electronic Lending, Indirect Lending, Outbound Marketing, Loan System Administration, and sale and administration of Loan Insurance & Warranty products. The Vice President ensures the effective and compliant delivery of consumer loans to members through various delivery channels and assures that internal controls are in place to protect assets from loss.

Chairs the Collections and Loss Mitigation Work-out Committee to ensure compliance with, and resolution of, NAFCU examination and related audit findings and standards.

The Vice President, as appropriate, recommends changes to TFCU’s underwriting guidelines and implements changes. This position is also responsible for ensuring compliance with all TFCU guidelines, policies and procedures.

The Vice President’s responsibilities extend to collaboratively assessing the effectiveness and relevance of the various consumer loan delivery platforms to include applications coming into Tower from the Internet, mail, branches, Call Center and indirect relationships. The Vice President, Consumer lending is responsible for ensuring attainment of annual and quarterly consumer lending growth/retention goals of the credit union.

The incumbent ensures that all electronic services and web site applications are working properly and that internal and external support for these delivery channels is being provided in an efficient, accurate and secure manner. This position oversees the daily operation of Tower’s indirect lending programs and the administration of Tower’s consumer loan underwriting guidelines and procedures. Reporting directly to this position are the Manager Central Underwriting, Manager Central Processing and Electronic Lending, QA/Compliance Manager and the Project Analyst.

The Vice President, Consumer Lending is responsible for the development and implementation of new consumer loan products and delivery channels, and for developing and managing lending projects.

The incumbent is responsible for overseeing Tower’s risk based pricing in regard to systems, daily operation, and maintaining risk and profitability by monitoring results and reporting to Senior Management.

The incumbent is responsible for sale of consumer loans in the secondary market with primary focus on indirect auto loans. This includes establishing secondary conduits, promoting loan pools, interacting with prospective buyers during sales cycle and completing sales.

The incumbent is responsible for establishing and maintaining relationship(s) with key lending partner vendors. Including but not limited to credit providers, system providers, insurance providers and Car Buying Service.

The incumbent is responsible as a Team Leader/Member for specific functional legal/regulatory compliance, as outlined and maintained on Tower Net, under the Compliance Home Page. In the role as Team Leader, the incumbent provides an annual attestation regarding the effectiveness of applicable compliance related policies and procedures for assigned regulations and laws. In the role of Team Member, accepts responsibilities at the direction of the Team Leader.

• Directs, manages and controls the operation of the Consumer Lending Department to effectively meet the loan, savings,…