Hybrid Loan Officer Indirect Lending presso Teachers Federal Credit Union

Join Our Team

For over 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Recognized by Forbes Magazine as one of America’s Best-In-State Credit Unions in 2025, Teachers has grown into one of the nation’s leading credit unions. As we expand our reach across the country, we remain focused on being both a Best Place to Bank and a Best Place to Work. From part-time roles to executive leadership positions, Teachers offers a wide range of meaningful career opportunities. 

Summary:

Responsible for underwriting consumer auto loans received through the indirect dealer network to increase company revenue by reviewing loan applications with supporting documentation and approving loans based on established criteria.

Education and/or Experience:

• Associate’s degree or four years directly related experience. 

   

• Minimum 2 years underwriting experience

   

• Level 2 Loan Officer Authority

   

• Strong understanding of loan contracts including APR, amortization schedule and simple interest calculations

   

• Knowledge of credit union lending policy and lending regulations

Job Responsibilities:

• Monitors Dealer application queues and engages applicants on pending loan applications before 30 days. 

   

• Identify leads and opportunities for other Teachers products to deepen the member relationship.

   

• Responsible for timely communication of loan decision and other lending opportunities to the dealership

  representatives assisting the applicants.

   

• Discusses adverse actions according to proper regulatory guidelines with applicants as needed.

   

• Available for questions by phone, chat, or email from the dealership and call center personnel during normal business hours.

   

• Makes recommendations on policy and procedure changes based on observation and evolving needs in the lending environment.

   

• Assists the indirect funding team, in an underwriting capacity, reviewing loan documentation, stipulations and requests, as needed during normal business hours.

Benefits of Joining the Teachers Team:

We provide a competitive compensation and benefits package that includes, but is not limited to:

• Paid time off for vacation, personal days, and holidays

• Fully-funded pension plan

• 401(k) company contribution

• Teachers pays 100% of Dental & Vision premium

• Tuition reimbursement is offered to full-time employees

• Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers

The good faith range for this position is $35.30 - $42.50 an hour. This range is an estimate, based on potential employee qualifications and operational needs. The salary may vary above and below the stated amounts, as permitted by applicable law.

All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility.

To learn more about Teachers and to view a full list of our job opportunities please visit https://www.teachersfcu.org/about/careers

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