Indirect Lending Underwriter

Hanscom Federal Credit Union • Littleton, MA

1d • $53,915 - $67,393 • Hybrid

About The Position

It’s an exciting time to be at Hanscom Federal Credit Union! As a member of our Consumer Lending Department, you will join a dynamic team of purpose-driven individuals committed to delivering exceptional service to our members. Our core values are Members-first, Integrity, Teamwork, Innovation, and Empathy. We are committed to fostering career growth and development – when you join our organization it’s not just a job. We look to develop your skills aligned to our business needs and help you progress in your career.

Requirements

• High school diploma or equivalent required
• 3+ years of indirect lending or underwriting experience required
• Strong analytical and credit decisioning skills.
• Ability to interpret credit reports, income documentation, and collateral valuations.
• Excellent verbal and written communication skills.
• Strong negotiation and relationship management capabilities.
• Proficiency in Microsoft Office applications and lending platforms (for example, CUDL or comparable systems).
• Ability to manage high-volume workflow and meet deadlines.
• Strong organizational and multitasking skills.
• Ability to handle confidential information with discretion.
• Collaborative mindset with ability to work cross-functionally.
• Must be authorized to work in the US

Nice To Haves

• Associate’s degree preferred
• Experience in indirect auto lending strongly preferred
• Experience working with dealership or CUSO channels is preferred

Responsibilities

• Review, analyze, underwrite, and decision indirect consumer loan applications.
• Assess credit history, income, employment, collateral, and overall risk profile.
• Approve, deny, or counteroffer loans within assigned lending authority.
• Structure loan terms to align with risk tolerance and portfolio objectives.
• Identify inconsistencies, red flags, and fraud indicators in application data.
• Underwrite complex scenarios, including self-employed borrowers and non-traditional income.
• Communicate credit decisions clearly and promptly to dealership partners.
• Negotiate deal structure, advance, and terms to achieve mutually beneficial outcomes.
• Provide alternative loan structures, including counteroffers, to support approval opportunities while maintaining compliance with policy requirements.
• Maintain professional business relationships with dealer partners and CUSO counterparts.
• Apply sound underwriting judgment to appropriately balance risk and return considerations.
• Ensure collateral valuation and structure sufficiently protect Credit Union interests.
• Contribute to building a portfolio that meets credit quality, performance, and growth targets.
• Utilize pipeline and production reporting tools to manage workflow efficiently.
• Builds strong dealer relationships in order to obtain additional business, manage look to book metrics, and portfolio quality.
• Coordinate with loan processors, funding specialists, and other internal stakeholders to support timely funding activities.
• Assist team members within the Indirect Lending Department as needed.
• Escalate issues or adverse trends to management in a timely manner.
• Ensure all decisions comply with: Equal Credit Opportunity Act (ECOA), Regulation Z (Truth in Lending), Fair Credit Reporting Act (FCRA), Bank Secrecy Act / Anti-Money Laundering (BSA/AML), Office of Foreign Assets Control (OFAC), Member Identification Program (MIP).
• Maintain consistent application of fair lending practices.
• Ensure accurate documentation and audit-ready loan files.

Benefits

• Annual bonus program
• Medical, Dental, Vision, FSA, 401(k), Student Loan Paydown, and paid Sick and Vacation time benefits
• A flexible hybrid work schedule environment

What This Job Offers

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