Indirect Auto Lending Funder

Lafayette Federal Credit Union • Rockville, MD

8h • $52,621 - $64,556 • Hybrid

About The Position

Lafayette Federal Credit Union is seeking an Indirect Auto Lending Funder to play a vital role in supporting the success of our indirect lending program. This position is responsible for coordinating the closing, documentation review, quality control, and funding of indirect auto loans originated through our dealer network. The Funder serves as a key liaison between dealerships, members, and internal lending teams to ensure approved loans are processed accurately, funded efficiently, and compliant with all applicable regulatory and Credit Union requirements.

The Indirect Auto Lending Funder reviews loan packages, validates required documentation, prepares and processes loan closing documents, and funds approved loans while maintaining a high standard of accuracy and service. This role also supports strong dealer relationships by providing responsive communication and timely resolution of funding and documentation matters. The ideal candidate brings exceptional attention to detail, strong organizational skills, a solid understanding of consumer lending practices, and a commitment to delivering an outstanding experience for both members and dealer partners.

Requirements

• High school diploma or equivalent required.
• Minimum of two to four years of experience in consumer lending, indirect lending, loan processing, loan closing, funding, or a related financial services role required.
• Ability to build and maintain effective working relationships with members, dealer partners, and internal stakeholders.
• Strong verbal and written communication skills with a commitment to delivering exceptional service.
• Ability to work collaboratively in a team-oriented environment while exercising sound judgment and professionalism.

Nice To Haves

• Associate’s degree or higher in Business, Finance, Accounting, or a related field preferred.
• Experience with indirect auto lending and dealer finance operations preferred.
• Credit union or banking experience preferred.

Responsibilities

• Coordinate the closing and funding of approved indirect auto loans in accordance with Credit Union policies, lending guidelines, and regulatory requirements.
• Review loan approvals and prepare loan documentation.
• Establish member accounts as needed to facilitate loan funding.
• Transmit loan documents for signature and funding completion.
• Fund approved loans upon receipt of complete and acceptable documentation.
• Ensure funding requests are processed accurately and within established service level standards.
• Serve as a primary point of contact for dealership finance personnel and members regarding loan status, documentation requirements, funding conditions, and closing procedures.
• Respond to inquiries promptly, professionally, and accurately.
• Provide exceptional service while maintaining positive relationships with dealer partners and members.
• Review loan packages to ensure all required documentation has been received and completed accurately.
• Verify documentation complies with underwriting approvals and Credit Union requirements.
• Identify missing, incomplete, or inconsistent information.
• Work directly with dealerships, members, and internal stakeholders to resolve outstanding items and funding conditions.
• Process loan funding transactions and disburse loan proceeds.
• Ensure loans are accurately booked within applicable systems.
• Verify loan terms, rates, collateral information, dealer contracts, title documentation, and funding instructions prior to disbursement.
• Maintain accurate loan records and supporting documentation.
• Perform quality assurance reviews of funded loan files to ensure accuracy, completeness, and compliance.
• Ensure adherence to applicable federal and state regulations, Credit Union policies, and internal controls.
• Identify documentation deficiencies, discrepancies, and compliance concerns.
• Take appropriate corrective action before or after funding, as required.
• Maintain a thorough understanding of indirect lending products, dealer programs, policies, procedures, systems, and regulatory requirements.
• Remain current on changes affecting consumer lending, indirect lending operations, and loan documentation standards.
• Complete all required training accurately and timely.
• Maintain a working knowledge of regulations and programs applicable to the position, including Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC), Cybersecurity, Diversity & Inclusion, Anti-Harassment, and Fair Lending requirements.
• Perform other lending support, operational, administrative, and departmental responsibilities as assigned.
• Support the goals and objectives of the Indirect Auto Lending Department.
• As directed by management and/or the Senior Vice President of Risk Management, understand and comply with all annual mandatory training requirements applicable to the position, including but not limited to BSA, AML, OFAC, Cybersecurity, Diversity & Anti-Harassment, and Fair Lending.

Benefits

• Employer paid (99.9%) health insurance premium for single and family coverage (HMO Plan)
• Fully funded deductible (HMO Plan)
• 401k employer matching contribution
• Income protection with life insurance, short and long-term disability
• Paid time off, holiday leave & birthday leave
• Educational assistance
• Commuter benefits program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED