Sales Underwriter
Resume:
Timothy Kraushaar
adjt88@r.postjobfree.com
I have strong credit skills with an impressive track record and more than 22 years of hands-on experience in indirect lending. I also have an additional 5 years of direct lending experience.
Professional Experience
MUSA Auto Finance
July 19th 2020- Present
Senior Leasing Underwriter
I review and decision applications for automobile leasing. I was hired as the first underwriter for MUSA which started originating leases in July 2020. I have daily contact with the dealership associates on approvals and counter offers. I help teach the dealers about the benefits of leasing and how to structure a fundable contract. I am also involved in contacting and getting new dealers signed up with MUSA and building a relationship with myself and our VP of Marketing and Sales. Part of my responsibilities is support for funding and sales. I help clear fraud alerts and review proof of income.
SKOPOS FINANCIAL LLC
February 2013-June 2, 2020
Senior Credit Underwriter, Indirect Dealer Services
I was hired on with Skopos, a startup company that specializes in subprime automobile lending, shortly after they opened to help set up and train new employees on credit procedures and to work as loan officer averaging 4000 applications a month. My job details included training, indirect underwriting, negotiating over the phone with car dealer finance personnel and to assist our own Skopos sales representatives. I also collaborated with the funding department on a daily basis to help streamline exception guidelines for fast and effective disbursements to our dealer clients.
BANK OF AMERICA, Dallas, Texas
2007-February 2013
Senior Credit Underwriter, Dealer Financial Services
Assessed an average of 1500 indirect credit applications per month submitted from automobile and recreational vehicle dealerships.
Generated $181 million in new loans per year which results in $2.6 million net profit.
Grew new loan volume in the state of Oklahoma from $5 million monthly to an average of over $14 million per month.
Sole underwriter for Hertz Car Sales growing the portfolio from zero to an average of $1.8 million per month in less than 12 months.
I had personal and phone contact daily with finance directors and general sales managers of automobile and recreational vehicle dealerships.
Had constant contact with marketing representative.
Received annual training on current banking policies and regulations.
Participated in system testing and upgrading.
Trained new hires.
Worked with risk management to develop maximum risk adjusted spread.
Adjusted buying habits to meet the demands of an ever changing market.
Worked with funding department daily to insure quick loan processing.
FSB FINANCIAL/REGIONAL ACCEPTANCE, Plano, Texas
2006-2007
Retail Credit Underwriter/Bulk Purchase Underwriter
Underwriter analyzing an average of 1000 near prime credit applications per month.
Underwriter for bulk purchases.
FAIRLEASE, Richardson, Texas
2003-2006
Direct and indirect leasing consultant.
Top 3 gross earnings consultant.
Worked directly with dealers to qualify customers for lease or loan options.
Structured and printed lease contracts for dealers.
CITI-FINANCIAL, Bedford, Texas
Indirect underwriter for TranSouth.
2000-2003
Underwriter of near prime contracts for TranSouth and Arcadia Financial which were both under Citi Group.
Underwriter for 5th3rd flow through program.
Team leader over 6 underwriters.
PROFESSIONAL REFERENCES
Brian King
Bank of America (Marketing representative for Arkansas and Oklahoma)
Art Dominguez
Bank of America (Product sales)
EDUCATION
Illinois Central College (1987)
Finance and Business Management
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