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Indirect Loan Processor Jobs (NOW HIRING)

e833

Loan Processor (Non-Mortgage)

Union, TX

$34K - $47K/yr

The Loan Processor processes approved loans up to and including disbursements, audits and books indirect loans, and processes titles on a daily basis. This position does not handle real estate loans.

Boutique Recruiting

Loan Processor

Boulder, CO · Remote

$19.50 - $26/hr

We are seeking a top notch Mortgage Loan Processor to join a thriving financial services company ... Deep knowledge of direct/indirect lending products and practices * Excellent analytical and ...

US Realty & Mortgage Inc

Loan Processor

Whittier, CA · On-site

$2K - $4K/mo

Loan processor duties and responsibilities will include analysis of the loan file from initial ... Comprehension of direct/indirect lending procedures * In-depth understanding of relevant rules and ...

US Realty & Mortgage Inc

Loan Processor

Whittier, CA · On-site

$2K - $4K/mo

Loan processor duties and responsibilities will include analysis of the loan file from initial ... Comprehension of direct/indirect lending procedures * In-depth understanding of relevant rules and ...

Boutique Recruiting

Loan Processor

Irvine, CA · On-site

$20.25 - $26.75/hr

We are seeking an experience Loan Processor to join a thriving financial service company located in ... Comprehension of direct/indirect lending procedures * In-depth understanding of relevant rules and ...

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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 Officer

Indirect Loan Officer

Erie Federal Credit Union

Erie, PA • On-site

Full-time

Posted 11 days ago

Job description

GENERAL SUMMARY

Indirect Loan Officer is responsible for facilitating the indirect loan application, and the approval of indirect automobile, motorcycle and recreational vehicles loans that originate from approved dealerships.

ESSENTIAL FUNCTIONS

  1. Work with dealerships on the loan application process to ensure completeness of information.
  1. Review loan applications submitted and when necessary gather additional information on applicant.

  2. Calculate debt-to-income ratios on loan applicants.

  3. Determine collateral value and payment qualifications.
  1. Approve, Counter or Deny loan application within authority limit and in accordance with established lending policy. Refer to management any loans that require further review.

  2. Disburse proper documents for loans denied.

  3. Cross-sell credit union products and services including but not limited to Payment Protection and GAP protection.
  1. Assist with reviewing all incoming loan packets from dealers for completeness, proper order, loan policy and appropriate documentation.

  2. Assist with funding the loans and opening new member accounts.

  3. Aid in follow up with dealerships for missing documents needed prior to funding.

  4. Order payment booklets for members.

  5. Prepare and Send Payoff request for members while at dealerships.

  1. Assist with indirect promotions and marketing offers.

  1. Assist with preparing and sending follow up letters for Smart Approvals.

  1. Assist with the preparation of loan documents and supporting documents for imaging.

  2. Work with, train and assist Indirect Lending Support to ensure understanding of documents, policy/procedures and regulations with indirect lending.
  1. Be knowledgeable in all regulatory requirements regarding indirect lending. Ensure all contracts and relationships with auto dealers comply with State, Federal and Erie FCU rules and regulations.

  2. Prepare special and recurring reports relating to lending activity at the Credit Union.

  1. Maintain current knowledge of all Credit Union policies and procedures, including compliance with federal laws and regulations as set forth by the NCUA and other regulatory agencies.

    NOTE: The list of essential functions is not exhaustive. It may be supplemented as necessary.

ADDITIONAL FUNCTIONS:

  1. Assist in other departments as necessary.
  1. Attend training courses, conferences and seminars as necessary.

  2. Assist members with inquiries on existing loan accounts and services and perform necessary research for a resolution.

JOB SPECIFICATIONS:

  • Requires professional, well-developed interpersonal skills for communication with dealerships, members and co-workers.
  • Requires thorough knowledge of the Credit Union's policies, procedures, products and services regarding the lending function. Requires knowledge of laws and regulations governing indirect lending.

  1. Intermediate mathematical skills required (calculations and concept involving decimals, percentages and fractions, etc.)

  2. Requires completion of high school education.

  3. Requires at least one year of experience in the lending or services function of a financial institution.

  4. Requires PC proficiency and knowledge of Office Suite.

PHYSICAL REQUIREMENTS

Sitting = Continuous Crawling = Occasional

Standing = FrequentClimbing = Occasional

Walking = FrequentBalancing = Occasional

Driving an automobile = Occasional Reaching Overhead =Occasional

Lifting/Carrying = Occasional Reaching Forward = Occasional

Amount of Weight = 15-25 lbs. Kneeling = Occasional

Squatting = OccasionalPush/Pull = Occasional

Bending = OccasionalTwisting = Occasional