Indirect Loan Processor
About The Position
Quantum Credit Union is seeking a detail-oriented and service-focused Indirect Loan Processor to join our lending team in Wichita, Kansas. The Indirect Loan Processor is responsible for the accurate and timely processing, documentation, and funding of indirect consumer loans submitted through the Credit Union's dealer network. This position works closely with dealerships, lending staff, and other Credit Union departments to ensure loan packages are complete, properly documented, and funded in accordance with Credit Union policies, procedures, and applicable regulatory requirements. This position plays an important role in providing a high level of service to our dealer partners while helping protect the Credit Union from operational, compliance, and documentation risk.
Requirements
- High school diploma or equivalent required.
- Strong attention to detail and ability to identify discrepancies in loan documentation.
- Ability to manage multiple loan files and priorities in a fast-paced environment.
- Strong organizational and time-management skills.
- Excellent written and verbal communication skills.
- Ability to communicate professionally with dealership personnel, members, and internal staff.
- Comfortable learning and working within lending software, core processing systems, and other financial technology platforms.
- Ability to interpret and follow lending policies, procedures, underwriting conditions, and regulatory requirements.
- Demonstrates sound judgment, professionalism, confidentiality, and a strong commitment to member service.
- Presents a positive image of Quantum Credit Union through professional and courteous interactions.
Nice To Haves
- Previous loan processing, consumer lending, indirect lending, dealership finance, or financial institution experience preferred but not required.
- Experience reviewing consumer loan documentation and funding packages preferred but not required.
Responsibilities
- Review approved indirect loan applications and dealer funding packages for completeness, accuracy, and compliance with credit union requirements.
- Verify loan terms, interest rates, amount financed, collateral information, borrower information, and other documentation against the approved loan decision.
- Review purchase agreements, retail installment contracts, title, insurance, membership forms, income verification, identification and other required loan documents.
- Identify missing, incomplete, or inconsistent documentation and communicate with dealerships to obtain corrections or additional information.
- Ensure all approval conditions and underwriting stipulations have been satisfied before funding.
- Prepare, review, and finalize loan documentation within the credit union's core processing and lending systems.
- Fund completed indirect loans accurately and within established service expectations.
- Communicate professionally and promptly with dealership finance personnel regarding loan status, documentation requirements, funding questions, and corrections.
- Scan and maintain accurate records and documentation in accordance with credit union record-retention requirements.
- Follow credit union lending policies, procedures, internal controls, and applicable consumer lending regulations.
- Perform other duties as assigned
Benefits
- 401(k) with employer matching
- Health insurance
- Dental insurance
- Vision insurance
- Life insurance
- Paid time off
- Paid holidays
- Sick leave
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
