Indirect Lending Underwriter: Dealership Financing Pro

All One Credit Union; Leominster (MA); On-site; USD 65,000 - 90,000; Full time

Job summary

All One Credit Union is seeking an Indirect Lending Underwriter to underwrite indirect consumer loan applications and deliver exceptional service to automobile dealerships and AAA. The role supports the AVP, Indirect Lending in conformance with credit union strategies, policies, and procedures.

The candidate will review applications, document decisions, maintain dealer relationships, train staff, and generate monthly reports and rate analyses while ensuring compliance with BSA, OFAC, and other

Qualifications

• Three to five years' experience in loan originating and underwriting (Indirect Lending experience preferred).
• Strong organizational, analytical, financial analysis, and member service skills are required.
• Ability to work occasional Saturdays, including high-volume holiday weekends.

Responsibilities

• Underwrites indirect consumer loan applications from automobile dealerships and AAAs within policy and authority.
• Documents loan decisions and required provisions to complete the loan.
• Relays loan decisions to dealerships and AAAs promptly and professionally.
• Builds professional rapport with automobile dealers and AAAs via phone or in-person.
• Reviews and balances the department ledger and ensures accuracy.
• Assists in setting up new indirect auto dealerships and maintains dealer files.
• Trains funding and underwriting team when needed and implements procedure changes.
• Creates and maintains monthly internal Indirect Loan Reports and rate analyses.
• Tracks and reports loans paid off early; collects dealer payments within policy guidelines.
• Provides reports on indirect loan exceptions (LTV, DTI, etc.).
• Performs testing for updates to loan origination software.
• Maintains time management to ensure funding is completed timely.
• Keeps current on consumer lending trends related to indirect lending.
• Ensures compliance with BSA, OFAC and other regulations.

Skills

Organizational skills

Analytical skills

Financial analysis

Member service

Education

Associate's degree or equivalent in specialized lending coursework or training

Job description

All One Credit Union is seeking an Indirect Lending Underwriter to underwrite indirect consumer loan applications and deliver exceptional service to automobile dealerships and AAA. The role supports the AVP, Indirect Lending in conformance with credit union strategies, policies, and procedures.

The candidate will review applications, document decisions, maintain dealer relationships, train staff, and generate monthly reports and rate analyses while ensuring compliance with BSA, OFAC, and other