Consumer Ln Officer Indirect Funding Mgr.

Millbury Federal Credit•Millbury, MA

12h•$78,000 - $83,000•Onsite

About The Position

The Consumer Loan Officer Indirect Funding Manager plays a critical role in overseeing and managing the indirect and consumer lending dept. This position is responsible for developing and maintaining strong relationships with indirect lending partners, such as dealerships, to ensure a steady and compliant flow of loan applications. The incumbent will lead the evaluation, approval, and funding processes for indirect consumer loans, ensuring adherence to regulatory requirements and internal policies. Additionally, this role involves analyzing loan performance data to identify trends, mitigate risks, and optimize funding strategies. Ultimately, the manager ensures the indirect lending program supports the organization's financial goals while delivering excellent service to partners and customers.

Requirements

High school diploma or G.E.D. required; associate or bachelor’s degree or equivalent combination of education and experience in loan operations management.
Minimum of 5-8 years of experience in loan origination, indirect lending, underwriting, and production, preferably in a banking environment.
Demonstrated management/leadership experience.
Proficiency in Microsoft Office applications, specifically Excel and Word.
Knowledge of various loan systems.
Consumer lending background.
Be Safe Act compliant and registered on NMLS.
Ability to meet deadlines and display attention-to-detail.
Sound verbal and written communication skills.

Responsibilities

Manage and oversee the indirect consumer loan funding process from application through disbursement, ensuring accuracy and compliance.
Develop and maintain strong relationships with indirect lending partners, including dealerships and brokers, to facilitate loan origination and funding.
Evaluate loan applications for creditworthiness and adherence to underwriting guidelines, making informed decisions to approve or decline loans.
Monitor loan portfolio performance, analyze trends, and implement strategies to mitigate risk and improve loan quality.
Collaborate with internal teams such as credit risk, compliance, and operations to streamline processes and ensure regulatory compliance.
Provide training and support to indirect lending partners to enhance their understanding of loan products and funding procedures.
Train staff on changes to consumer loan products as well as consumer add-on products such as life and disability insurance, GAP, and Mechanical Breakdown.
Process employee loan requests for confidentiality in conjunction with HR and auditing purposes.
Process Mass Save Heat Loans and coordinate with staff to close loans.
Prepare regular reports on loan performance, funding status, and partner activity for senior management review.
Rate surveys as required.
Perform other duties as assigned.