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Indirect Loan Processor Jobs (NOW HIRING)

Sandia Area

INDIRECT LOAN PROCESSOR

Albuquerque, NM

$18.25 - $24.25/hr

As an Indirect Loan Processor, you'll be part of a collaborative lending team that plays an important role in helping members achieve their financial goals. No two days are exactly alike - you'll ...

New

ICCU

Indirect Loan Processor

Chubbuck, ID · On-site

$18.50 - $24.50/hr

Responsible for processing applications from dealers and funding loans within the requirements of ... Participate in department and credit union projects that pertain to indirect funder duties ...

company36

Loan Processor

Billings, MT · On-site

$17.84 - $26.77/hr

Fund Indirect loan applications, as requested, through the TCI/Portico system and verify for ... Process, maintain, and follow-up on all title work. * Open new accounts. * Disburse the loan, as ...

PSECU

Indirect Loan Officer

Harrisburg, PA · On-site

The Indirect Loan Officer processes vehicle loan applications submitted by indirect program participants from time of application through decisioning. Serves as first point of contact to handle ...

PSECU

Indirect Loan Officer

State College, PA · On-site

The Indirect Loan Officer processes vehicle loan applications submitted by indirect program participants from time of application through decisioning. Serves as first point of contact to handle ...

PSECU

Indirect Loan Officer

Harrisburg, PA · On-site

The Indirect Loan Officer processes vehicle loan applications submitted by indirect program participants from time of application through decisioning. Serves as first point of contact to handle ...

PSECU

Indirect Loan Officer

Indiana, PA · On-site

The Indirect Loan Officer processes vehicle loan applications submitted by indirect program participants from time of application through decisioning. Serves as first point of contact to handle ...

Valley Credit Union

Loan Processor

Billings, MT

$18.50 - $24.50/hr

Scan all indirect loan documents. * Assist lenders in verifying background information and employment of loan applicants and resolve discrepancies. * Process lien perfections/filings. * Review all ...

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Indirect Loan Processor information

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How much do indirect loan processor jobs pay per hour?

As of Jun 14, 2026, the average hourly pay for indirect loan processor in the United States is $21.30, according to ZipRecruiter salary data. Most workers in this role earn between $18.03 and $24.04 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Indirect Loan Processor, and why are they important?

To thrive as an Indirect Loan Processor, you need a solid understanding of loan documentation, financial analysis, and lending regulations, usually supported by experience in banking or finance. Familiarity with loan origination systems, credit reporting tools, and compliance software is typically required. Strong attention to detail, organizational skills, and effective communication set top performers apart in this role. These skills ensure accurate processing, regulatory compliance, and excellent service to both dealers and borrowers.

What are Indirect Loan Processors?

Indirect Loan Processors are financial professionals who handle loan applications submitted through third-party sources, such as auto dealerships or retail partners, rather than directly from borrowers. They review, verify, and process loan documentation to ensure compliance with lending policies and regulations. Their responsibilities also include communicating with dealers, applicants, and internal teams to resolve issues and expedite funding. Indirect Loan Processors play a key role in ensuring loans are accurately processed and funded in a timely manner.

How much do indirect loan officers make?

Indirect loan officers typically earn a base salary plus commissions or bonuses based on the number of loans they process or close. The average annual income for indirect loan officers ranges from $40,000 to $70,000, with experienced professionals earning higher amounts, especially in competitive markets. Compensation often depends on experience, location, and the employer's commission structure.

What does an indirect loan processor do?

An indirect loan processor reviews and verifies loan applications for indirect auto loans, ensuring all required documentation is complete and accurate. They communicate with dealerships, lenders, and applicants to facilitate loan approval and may use loan processing software to track application status and compliance requirements.

What is the difference between Indirect Loan Processor vs Direct Loan Processor?

AspectIndirect Loan ProcessorDirect Loan Processor
CredentialsHigh school diploma or equivalent; some roles may require loan processing certificationsHigh school diploma or equivalent; certifications like loan processing or banking may be preferred
Work EnvironmentTypically in bank branches, auto dealerships, or mortgage officesUsually in bank branches, mortgage companies, or financial institutions
Industry UsageCommonly in auto, mortgage, and consumer loan sectorsPrimarily in mortgage and personal loan sectors
Search & Comparison IntentOften compared for auto or indirect lending rolesCompared for direct lending roles in banking and mortgage industries

Both roles involve processing loan applications, but Indirect Loan Processors focus on auto loans through dealerships, while Direct Loan Processors handle loans directly from the bank or lender. Understanding these differences helps job seekers find the right position in the lending industry.

What job makes $10,000 a month without a degree?

An indirect loan processor typically earns between $3,000 and $6,000 per month, which is below $10,000. Jobs that can reach $10,000 a month without a degree often include high-level sales roles, real estate brokers, or skilled trades like certain construction or electrical work, especially with experience and commissions. These positions usually require strong skills, certifications, or licensing rather than formal degrees.

How does an Indirect Loan Processor typically interact with dealerships and internal teams during the loan approval process?

As an Indirect Loan Processor, you'll frequently communicate with auto dealerships to collect and verify documentation needed for loan applications. You'll also collaborate closely with underwriting and funding teams to ensure all required information is complete and accurate before loans are approved and funded. This role requires strong attention to detail and the ability to manage multiple files simultaneously, as well as effective communication skills to keep all parties updated throughout the process. Building positive relationships with dealership partners and internal colleagues is essential to streamline operations and provide a smooth experience for loan applicants.

How much does a loan officer make on a $500,000 loan?

A loan officer typically earns a commission or fee based on the loan amount, often around 1% to 2%, which would be $5,000 to $10,000 for a $500,000 loan. Compensation can also include a base salary plus bonuses, depending on the employer and location. The specific earnings depend on the lender's commission structure and the loan's terms.
More about Indirect Loan Processor jobs
What cities are hiring for Indirect Loan Processor jobs? Cities with the most Indirect Loan Processor job openings:
What states have the most Indirect Loan Processor jobs? States with the most job openings for Indirect Loan Processor jobs include:
What job categories do people searching Indirect Loan Processor jobs look for? The top searched job categories for Indirect Loan Processor jobs are:
Indirect Loan Processor jobs near you
Infographic showing various Indirect Loan Processor job openings in the United States as of June 2026, with employment types broken down into 9% As Needed, 30% Full Time, 15% Part Time, 2% Temporary, and 44% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $44,308 per year, or $21.3 per hour.

INDIRECT LOAN PROCESSOR

Sandia Area

Albuquerque, NM

$18.25 - $24.25/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 2 days ago

Job description

Location: Albuquerque, NM 87109
Required work schedule: (not a remote or hybrid position)
- Monday to Friday: 7:30 AM to 4:30 PM
**Occasionally, there will be Saturday work due to overtime.
Please note that this schedule is subject to change as needed.
As a valued full-time team member, you'll enjoy fantastic benefits that promote your health and well-being:
  • Comprehensive Medical, Dental, and Vision Insurance
  • Paid Short-Term Disability, Life Insurance, and AD&D
  • Holiday Pay, Vacation, Birthday, Floating Holiday & Sick Leave
  • Tuition Reimbursement for Professional Development
  • 401(k) Plan with Employer Match
  • Pension Plan for Long-term Security
  • Exciting Opportunities for Career Advancement
Overall Purpose:
At Sandia Area, every position plays a vital role in fulfilling our mission to deliver high-value banking and lending services that strengthen the financial well-being of our members and community. Each team member is expected to embody our core values of Service, Sustainability, Efficiency, Trust, Stewardship, and Growth, contributing to our vision of empowering lifelong achievement through better banking.
Join a team that works hard, supports one another, and celebrates success together!
As an Indirect Loan Processor, you'll be part of a collaborative lending team that plays an important role in helping members achieve their financial goals. No two days are exactly alike - you'll work closely with dealerships, lenders, and fellow team members to solve problems, keep deals moving, and deliver an exceptional experience. If you enjoy a fast-paced environment, building relationships, and being part of a team that genuinely values cooperation, growth, and having fun while getting the job done, we'd love to meet you.
Responsibilities include, but are not limited to:
  • Partner with team members, dealerships, and internal departments to move loans efficiently from application to funding
  • Review loan documentation for accuracy and completeness while ensuring compliance with policies and procedures
  • Communicate proactively to resolve outstanding conditions and documentation requirements
  • Monitor loan pipelines and prioritize tasks to meet service-level expectations and funding timelines
  • Maintain accurate electronic loan records and supporting documentation
  • Identify opportunities to improve processes and contribute ideas that support team success
  • Deliver outstanding service while building positive relationships with members, dealership partners, and coworkers
Knowledge, Skills, and Abilities (KSAs)
  • Expertise in clerical and loan processing duties related to indirect lending, with a requisite understanding of financial institution operations.
  • High level of analytical ability where problems are complex (i.e. transaction, loan problems).
  • Due to periods of high loan volume, this position periodically requires overtime.
  • Requires the ability to adjust priorities to meet deadlines.
  • Requires excellent interpersonal communication skills to ascertain dealers'/members' needs and handle problems.
  • Exceptional time management and organizational skills, with the ability to prioritize tasks, manage multiple responsibilities, and adapt to a fast-paced environment.
  • Proactive in seeking professional growth, embracing both formal and informal development opportunities, and demonstrating adaptability to new responsibilities.
  • Team-oriented with a strong collaborative mindset, actively supporting team members and contributing to a positive and high-performing environment.
  • Proficient in Microsoft Office, including Outlook, Word, Excel, and PowerPoint.
  • Ability to perform essential functions, including the ability to lift up to 10 lbs. as needed.
Minimum Education and Experience Requirements
  • HSD or GED - no substitution
  • One (1) year(s) of applicable experience required.
  • Prior credit union or related industry preferred.
  • Prior dealership experience is a plus.

*** Please submit an employment application to www.sandia.org/careers ***
Sandia Area Federal Credit Union (SAFCU) is an Equal Opportunity Employer.
SAFCU provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

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