Intern - Indirect Lending Specialist

Employment Type

: Full-Time


: Miscellaneous

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How would you like an opportunity to gain real-world work experience with one of the largest member-owned financial institutions in the country while helping to make a difference for its members and community?

The BECU Summer Intern Program gives students an opportunity to see how we live our purpose every day through ensuring our members and their interests are at the core of everything we do. During the 12 week internship, students own key projects that deliver real outcomes for our members. They also have exclusive opportunities to meet with executive leaders throughout the summer with the opportunity to share feedback that makes a difference in our members’ lives. Unique Volunteer opportunities are provided during the summer, providing interns with an opportunity to learn how BECU helps give back to the communities that we serve.

What You Will Be Doing

Learn thorough understanding of state and federal regulations pertaining to Consumer and Indirect Dealer Lending, how departments interact with the Indirect Lending department and all forms/documentation necessary for each type of loan made by the Indirect Lending department.
Audit the completion and accuracy of the loan application and other supporting documents upon receipt from dealers, entering application details and loan structure into the computer system, routing the appropriate documents for underwriting and funding.
Conduct proper review and control of loans, ensuring that documentation is complete and that all calculations are accurate and compliant.
Conduct interviews to obtain all information necessary to obtain loan funding documents from dealers and/or members.
Recommend changes to improve Indirect Dealer Lending loans, underwriting, and disbursement processes.
Maintain and review accounting reports, including balancing to GL accounts and maintaining service level spreadsheets.
Ensure that all members and dealerships receive prompt, efficient, and courteous service and that problems/complaints are resolved promptly and courteously, with follow through resolution.
Conduct Quality Control confirmation calls with members, soliciting their feedback about the dealership buying experience and validating information provided by dealerships.
Document individual Quality Control confirmation call information for use with Audit examinations, on-going Dealership Relationship, and lending program management.
Perform background checks on applicants for membership/lending purposes, including certifying and validating credit bureau Fraud/Credit Alerts directly with members prior to granting credit.
Recommend loan processing/credit exceptions to Consumer Loan Underwriting and/or Management, staying in conformance with lending policy, interest rates, and terms.
Analyze and understand credit reporting and scoring, validate member/dealer provided income and certify collateral security interest is pledged and is in the Credit Union’s best interest.
Perform APR validation on loan contracts utilizing validation tools, documenting results, performing buy-down calculations, documenting quotes and collecting buy-down payments.
Participate in technical project teams in the development of Credit Union products/services.


Business, Finance, and Accounting degrees preferred, others may be considered
Cumulative GPA of 3.0+ required
Proven leadership skills either on or off campus preferred
Community involvement/volunteerism preferred
Participation in extracurricular activities preferred
Able to commit to a 12-week program throughout summer
Strong written communication skills

EEO Statement:

BECU is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability, sexual orientation, gender identity, or any other protected status.

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