What are the responsibilities and job description for the Loan Officer position at West Texas Credit Union?
## Job Overview We are seeking a skilled Loan Officer to join our team. The ideal candidate will be responsible for evaluating, authorizing, and recommending approval of loan applications. The Loan Officer will act as the liaison between the institution and the applicant, helping applicants understand the loan process and guiding them through the application process. ## Responsibilities - Evaluate credit worthiness by processing loan applications and documentation within specified limits - Interview applicants to determine financial eligibility and feasibility of granting loans - Determine all applicable ratios and metrics and set up debt payment plans - Communicate with clients either to request or to provide information - Finalize loan transactions and keep clients informed in rules and regulations - Assess customer needs, explore all options, and introduce different types of loans ## Qualifications - Proven working experience as a Loan Officer or similar role - Familiarity with computers and banking applications/software - Solid understanding of direct/indirect lending products and practices - Excellent communication and interpersonal skills - Customer satisfaction orientation and sales competencies - Strong analytical skills with a systematic approach to problem-solving Preferred Skills: - Knowledge of accounting software such as Quicken - Experience with loan origination, processing, underwriting, and escrow procedures - Familiarity with FNMA guidelines for mortgage origination - Financial sales experience is a plus Join our team as a Loan Officer to help individuals achieve their financial goals through tailored loan solutions.
Job Type: Full-time
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Compensation Package:
- Bonus opportunities
- Commission pay
Schedule:
- 4 hour shift
- 8 hour shift
- Monday to Friday
- Weekends as needed
Ability to Commute:
- Odessa, TX 79765 (Required)
Ability to Relocate:
- Odessa, TX 79765: Relocate before starting work (Required)
Work Location: In person