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Indirect Loan Jobs in Springfield, IL (NOW HIRING)

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Indirect Loan information

See Springfield, IL salary details

$14

$24

$39

How much do indirect loan jobs pay per hour?

As of Aug 15, 2026, the average hourly pay for indirect loan in Springfield, IL is $24.45, according to ZipRecruiter salary data. Most workers in this role earn between $17.64 and $33.85 per hour, depending on experience, location, and employer.

What is an indirect loan officer?

An indirect loan officer is a financial professional who works with third-party vendors, such as auto dealerships, to facilitate loans between the lender (usually a bank or credit union) and the borrower. Instead of dealing directly with the customer, indirect loan officers review and process loan applications submitted through these partners. Their responsibilities often include underwriting loans, ensuring compliance with lending policies, and building strong relationships with dealerships or other third-party sources to generate loan business. Indirect loan officers play a crucial role in expanding a lender’s reach and increasing loan volume through these indirect channels.

What are the main challenges faced by professionals working in indirect lending roles, and how can they be effectively managed?

Professionals in indirect lending often navigate challenges such as building strong relationships with dealership partners, ensuring compliance with lending regulations, and maintaining high-quality loan portfolios. Effective communication and negotiation skills are crucial when working with dealerships to structure mutually beneficial loan agreements. Additionally, staying updated on regulatory changes and utilizing robust risk assessment tools help manage credit risk and ensure compliance. Collaborating closely with underwriting and credit teams can further streamline processes and enhance loan quality.

What are the key skills and qualifications needed to thrive as an indirect loan officer, and why are they important?

To thrive as an Indirect Loan Officer, you need a solid understanding of lending practices, credit analysis, and financial regulations, usually supported by a degree in finance or related experience. Familiarity with loan origination systems, credit reporting tools, and compliance software is typically required. Strong relationship-building, negotiation, and communication skills help foster partnerships with dealerships and clients. These skills and qualifications ensure effective loan processing, risk management, and successful collaboration with partners in the indirect lending process.

What is the difference between Indirect Loan vs Loan Officer?

AspectIndirect LoanLoan Officer
CredentialsTypically requires a high school diploma or equivalent; licensing may be neededRequires similar credentials; often licensed or certified depending on state
Work EnvironmentWorks with dealerships or third-party partners to facilitate auto loansWorks directly with clients to evaluate and approve various loan types
Industry UsageCommonly used in auto financing through dealershipsUsed across banking, mortgage, auto, and personal loans

While both roles involve loan facilitation, an Indirect Loan specialist primarily works with dealerships to arrange auto financing, whereas a Loan Officer directly interacts with clients to evaluate and approve a variety of loan types. Understanding these differences helps in choosing the right career path or job search focus.

What are popular job titles related to Indirect Loan jobs in Springfield, IL?

For Indirect Loan jobs in Springfield, IL, the most frequently searched job titles are:

What cities near Springfield, IL are hiring for Indirect Loan jobs?

Cities near Springfield, IL with the most Indirect Loan job openings:

Indirect Loan jobs near you
Infographic showing various Indirect Loan job openings in Springfield, IL as of June 2026, with employment types broken down into 4% As Needed, 57% Full Time, 15% Part Time, 23% Contract, and 1% Nights. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $50,856 per year, or $24.4 per hour.

Senior Loan Officer

Illinois Educators Credit Union

Springfield, IL • On-site

$27.50 - $33.75/hr

Full-time

Dental, Vision, Retirement

Posted 22 days ago

Job description

Who We Are...Our members come from all different walks of life and so do we. We hire great people from a variety of backgrounds in experience and education to make our Credit Union strong. We stand strong in our beliefs of making members' money, saving members' money and saving members' time. See why a Credit Union is better at IECU.Your Role...The Senior Loan Officer position has an important role in working with our members to help achieve their financial goals. This position will oversee the loan process and researching loan product options with our membership. Analyze complex loan applications and communicate decisions with borrowers. Ensure the required loan origination processes are completed per regulations and internal policies.As a Senior Loan Officer your day may look like this:Participates in the loan application process for membership via online and in-person contacts for all loan products of the Credit Union. Maintains working knowledge of products and services along with industry-standard financing to provide sound advice to membership.Ensure compliance of required loan documentation and internal policies with an understanding of underwriting standards. Analyzes credit reports, income verification, collateral and other financial data to form sound lending decisions.Maintain loan portfolio performance and implement strategies to mitigate risk and developing credit.Assist in training and mentoring junior lending staff to promote department performance.Actively work to develop and maintain business leads and referral sources to support department growth.Work to develop lending products that meet market demands and support department goals.Assist with monitoring and resolution of delinquent accounts.Support Audit request and documentation as needed.Perform other duties as assigned to support the department activities.Qualifications...Our desired candidate will have 5+ years in Lending position or direct related experience, possess interpersonal and communication skills to meet with members requiring a high degree of confidentiality related to financial goals, and be able to self-direct and manage multiple tasks. Candidates with strong written and verbal communication skills, understanding of lending terms, and experience in Indirect Lending and Home Equity experience a plus. Working knowledge of Microsoft Office and industry software preferred. Ability to hold NMLS designation preferred.Associates degree or recognized industry certifications or work experience as equivalent. Bachelor's degree in Business or related field preferred.This in an In-Office position, Monday-Friday 8:00am-5:00pm available for occasional evening/weekend work.The Benefits...401k Retirement/Matching Program with up to 4% matchingPaid HolidaysPaid Time Off - accrued monthlyHealth/Dental/Vision Insurance - eligible 1st of month after 60 daysLife Insurance - eligible 1st of month after 60 daysDisability Insurance - eligible 1st of month after 60 daysTuition Reimbursement on pre-approved work related courseworkInfant-To-Work ProgramCommunity Volunteer ProgramWellness ProgramThe Team...If you share a passion for making an impact in a customer focused environment, submit our resume/application for this role.We provide equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity , disability, veteran status, or other categories protected by law.