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Indirect Lending Underwriter Jobs (NOW HIRING)

Patelco Credit Union

Consumer Lending Underwriter

Dublin, CA · On-site

$28.24 - $33.21/hr

The Consumer Underwriter I effectively execute the underwriting processes, reviews complex consumer loan applications for all consumer loan types including Indirect Lending. Will perform work using ...

Patelco Credit Union

Consumer Lending Underwriter

Dublin, CA · On-site

$28.24 - $33.21/hr

The Consumer Underwriter I effectively execute the underwriting processes, reviews complex consumer loan applications for all consumer loan types including Indirect Lending. Will perform work using ...

Nusenda

Indirect Lending Credit Officer

El Paso, TX · On-site

Indirect Lending Credit Officer Nusenda Credit Union is dedicated to excellent member service, care ... You will work with dealerships to clear underwriting conditions and/or stipulations while ...

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Indirect Lending Underwriter information

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How much do indirect lending underwriter jobs pay per hour?

As of Sep 8, 2026, the average hourly pay for indirect lending underwriter in the United States is $30.00, according to ZipRecruiter salary data. Most workers in this role earn between $25.00 and $33.17 per hour, depending on experience, location, and employer.

What does an indirect lending underwriter do?

An Indirect Lending Underwriter evaluates and approves loan applications that are submitted through third-party channels, such as auto dealerships or retailers, rather than directly from borrowers. Their main responsibilities include assessing the creditworthiness of applicants, analyzing financial documents, and ensuring loans meet the lender’s guidelines and risk policies. They play a crucial role in minimizing financial risk for the lender while facilitating financing options for customers. Indirect Lending Underwriters often work closely with dealership finance managers and other intermediaries to process loan applications efficiently.

What are the key skills and qualifications needed to thrive as an indirect lending underwriter?

To thrive as an Indirect Lending Underwriter, you need strong analytical skills, knowledge of credit risk assessment, and a background in finance or a related field, often supported by a bachelor's degree. Familiarity with loan origination systems (LOS), credit bureau software, and regulatory compliance tools is typically required. Attention to detail, effective communication, and sound judgment are crucial soft skills for evaluating loan applications and collaborating with dealers or partners. These competencies ensure accurate credit decisions, mitigate risk for the lender, and support positive business relationships.

What are some common challenges faced by indirect lending underwriters, and how can they be managed?

Indirect Lending Underwriters often encounter challenges such as evaluating incomplete or inconsistent loan applications from dealership partners and balancing risk while maintaining positive dealer relationships. Managing these challenges requires strong communication skills to clarify missing information and thorough knowledge of credit policies to make informed decisions. Staying current with evolving regulatory requirements and leveraging technology for efficient workflow can also support successful underwriting and minimize errors.

What is the difference between Indirect Lending Underwriter vs Mortgage Underwriter?

AspectIndirect Lending UnderwriterMortgage Underwriter
CredentialsTypically requires a mortgage or lending certification, FHA/VA/Conventional loan knowledgeRequires mortgage lending certifications, such as MLO license, and FHA/VA/Conventional knowledge
Work EnvironmentWorks for auto dealerships, banks, or lenders evaluating auto loan applicationsWorks for banks, mortgage companies, or lenders evaluating home loan applications
Industry UsageCommonly used in auto finance and indirect lending channelsPrimarily used in residential mortgage lending

Both roles involve assessing loan applications, but Indirect Lending Underwriters focus on auto loans through dealerships, while Mortgage Underwriters evaluate home loan applications. The skills and certifications overlap, but the industries and types of loans differ significantly.

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What are popular job titles related to Indirect Lending Underwriter jobs?

For Indirect Lending Underwriter jobs, the most frequently searched job titles are:

Indirect Lending Underwriter jobs near you
Infographic showing various Indirect Lending Underwriter job openings in the United States as of September 2026, with employment types broken down into 98% Full Time, and 2% Part Time. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $62,410 per year, or $30 per hour.

Indirect Lending Underwriter

Leominster, MA • On-site

All One Credit Union
See more jobs at All One Credit Unionexternal

$26.86 - $33.57/hr

Full-time

Retirement

Re-posted yesterday

Job description

Description

The Indirect Lending Underwriter underwrites indirect consumer loan applications and delivers exceptional service to automobile dealerships and AAA; performs related administrative and clerical duties under the direction of the AVP, Indirect Lending in conformance with established Credit Union strategies, policies, and procedures.


Primary Responsibilities:

Performs functions, within scope of authority and expertise, to provide the highest level of service and responsiveness to members served by the Credit Union.


1. Reviews indirect loan applications received from automobile dealerships and AAA; evaluates the information and makes loan decisions within the parameters of loan authority matrix and policy.

2. Documents loan decisions and required provisions necessary to complete the loan.

3. Relays loan decisions to dealerships and AAA in an expeditious, tactful, and professional manner.

4. Actively builds professional rapport and relationships with automobile dealers and AAA via phone or in-person; responds to automobile dealer inquiries in a timely manner, provides loan decisions and funding status updates and may contact an automobile dealer on behalf of another team member on loan status, missing documentation, etc.

5. Reviews, balances, and makes any necessary corrections to the department general ledger.

6. Responsible for assisting in setting up all new indirect automobile dealerships and for the organization of the indirect automobile dealer files, keeping them accurate and current.

7. Responsible for training members of the funding and underwriting team when necessary and/or ensuring any changes in procedures are correctly implemented.

8. Works with AVP Indirect Lending to create and maintain the appropriate monthly internal Indirect Loan Reports for respective automobile dealerships as well as monthly rate analysis of the indirect market.

9. Responsible for the tracking and reporting of loans paid off early, within Loan Policy guidelines, and collecting automobile dealer payments.

10. Responsible for providing reports based on indirect loan exceptions including Loan to Value, Debt to Income ratios and other exceptions, as noted in the Lending Policy. 

11. Performs testing for updates to the loan origination software.

12. Ensures time management in daily tasks to guarantee tasks and funding are completed in a timely manner.

13. Keeps current regarding consumer lending development and trends as they pertain to indirect lending.

14. Adheres to All One Credit Union policies and procedures. Responsible for compliance with the following regulations: BSA, OFAC, and other regulations as required.


Secondary Responsibility:

15. Acts as back-up to the Indirect Lending Specialists to include all funding and scanning tasks of indirect loan processes, as needed.

16. Assists with gathering Better Business Bureau and Dun & Bradstreet reports to track dealer performances.

17. Assists with providing documentation for all internal and external audit examinations.

18. Responds to general loan inquiries from members and employees.

Work-Life Balance, Benefits & Compensation:

We understand the importance of work-life balance, and our programs give employees peace of mind. Employees at All One Credit Union are offered a comprehensive, affordable, and competitive benefits package including a rich 401K plan offering 100% of the first 5% 401K Match contribution and 3% 401K Safe Harbor contribution. Please review our full benefits package at all-onecu.com/about/careers/.


This position is eligible to work remotely up to 2 days per week after 3 months of hire in accordance with the Work From Home Policy. 


The expected hiring range  is between $26.86 - $33.57 per hour. Actual compensation will be determined based on experience and other factors as permitted by law. 

Requirements

Associate's degree or its equivalent in specialized lending coursework or training. Three to five years' experience in loan originating and underwriting (Indirect Lending experience is preferred).  Strong organizational, analytical, financial analysis, and member service skills are required.  Ability to work occasional Saturdays is required, including the ability to work on a high-volume holiday weekend as needed.


Employees are expected to embody All One Credit Union's core values in all interactions, fostering partnerships, trust, and community both internally and externally. This commitment supports a culture of inclusion and drives the achievement of All One's goals.


All One Credit Union is an Equal Opportunity Employer - Vets/Disabled.

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