Indirect Processor - Wichita, KS

Meritrust Credit Union; Wichita (KS); On-site; USD 38,000 - 52,000; Full time

Job summary

Meritrust Credit Union is seeking an Indirect Lending Processor to efficiently review and fund auto loan applications submitted by partner dealerships. You will verify documentation, work with underwriting, and ensure compliance with Truth in Lending and related regulations while maintaining data integrity in our processing system.

In this role you will assist dealerships, resolve missing information, and monitor SLAs to keep funding on track.

Qualifications

• Understanding of consumer lending practices and indirect lending workflows.
• Knowledge of loan documentation requirements and verification procedures.
• Awareness of regulatory compliance standards (e.g., Truth in Lending, Fair Lending).

Responsibilities

• Review and process indirect loan applications submitted by dealerships accurately reviewing loan applications.
• Verify loan documentation for completeness, accuracy, and compliance.
• Maintain communication with dealerships to resolve missing or incorrect information.
• Collaborate closely with the underwriting team to ensure timely review and decision-making on loan applications.
• Assemble and finalize complete loan packages for funding, ensuring all required documents are signed, verified, and compliant.
• Submit packages for disbursement within established timelines.
• Maintain accurate and up-to-date records in the loan processing system, including application status, communication logs, and document uploads.
• Adhere to all lending policies, procedures, and applicable federal and state regulations.
• Identify and escalate any compliance concerns or irregularities to the appropriate personnel.
• Respond to inquiries from internal departments such as underwriting, funding, and compliance, as well as external partners.
• Track and manage the loan application pipeline to ensure SLAs are met.
• Assist in preparing documentation and responses for internal and external audits.

Skills

Attention to detail

Communication skills

Customer service orientation

Loan origination systems

Education

High School Diploma

Tools

Microsoft Office Suite

Loan Origination Systems

Job description

The Indirect Lending Processor is responsible for efficiently and accurately processing indirect loan applications submitted by partner dealerships. This role ensures timely review, verification, and funding of loans while maintaining compliance with internal policies and regulatory requirements. The processor serves as a liaison between dealerships, underwriting, and internal departments to facilitate a smooth lending experience.ESSENTIAL FUNCTIONSReview and process indirect loan applications submitted by dealerships accurately reviewing loan applications, ensuring all required fields are completed and initial documentation is present. Evaluate applications for eligibility based on established lending criteria.Verify loan documentation for completeness, accuracy, and compliance-including credit applications, purchase agreements, income verification, and identification-for completeness, accuracy and compliance with internal policies and regulatory standards.Maintain communication with dealerships to resolve missing or incorrect information, collect needed documents and assist them with any funding questions or concerns.Collaborate closely with the underwriting team to ensure timely review and decision-making on loan applications. Provide necessary documentation and context to support efficient underwriting process.Assemble and finalize complete loan packages for funding, ensuring all required documents are signed, verified, and compliant. Submit packages for disbursement within established timelines.Maintain accurate and up-to-date records in the loan processing system, including application status, communication logs, and document uploads. Ensure data integrity and confidentiality at all times.Adhere to all lending policies, procedures, and applicable federal and state regulations. Identify and escalate any compliance concerns or irregularities to the appropriate personnel.Respond to inquiries from internal departments such as underwriting, funding, and compliance, as well as external partners, providing timely and accurate information.Track and manage the loan application pipeline to ensure service level agreements (SLAs) are met. Proactively identify bottlenecks and work with relevant teams to resolve delays.Assist in preparing documentation and responses for internal and external audits. Support reporting efforts by providing accurate data and insights related to loan processing activities.Other job duties as assigned.EDUCATION/CERTIFICATIONHigh School DiplomaREQUIRED KNOWLEDGEUnderstanding of consumer lending practices and indirect lending workflows.Knowledge of loan documentation requirements and verification procedures.Awareness of regulatory compliance standards (e.g., Truth in Lending, Fair Lending).EXPERIENCE REQUIREDMinimum of 1-2 years of experience in loan processing, preferably in indirect lending or auto finance.Experience in the financial services industry, most specifically in consumer lending.HARD/TECHNICAL SKILLS/ABILITIESStrong attention to detail and organizational skills.Excellent verbal and written communication abilities.Ability to work in a fast-paced, deadline-driven environment.Proficiency in loan origination systems and Microsoft Office Suite.Proactively resolves issues with loan documentation or processing workflows, implements effective solutions.Customer service orientation and professionalism..WORKING CONDITIONSStandard office conditionsLow to moderate noiseLimited lifting up to 10 lbs.This description has been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Essential functions, requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all-inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate.In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodation will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.The Credit Union believes that each employee makes a significant contribution to our success. That contribution should not be limited by the assigned responsibilities. Therefore, this job description is designed to outline primary duties, qualifications, and job scope, but not limit the incumbent. It is our expectation that each employee will offer his/her services wherever and whenever necessary to ensure the success of our endeavors.Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law.