Experienced Loan Officer

Job Description Job Description

Position Summary:

The Wichita Falls Teachers FCU (WFTFCU) Loan Officer is responsible for receiving, reviewing, and processing applications for consumer and home equity loans, as well as consumer credit cards. Loan Officers meet with applicants to find the best option to meet their needs. They explain how to complete accurate loan applications, credit policies, capture quality, and ensure adherence to internal policies and consumer lending requirements. Loan Officers evaluate and analyze the loan origination process following proper approval protocols. They service loans and support the cross-selling of additional products and services.

Key Responsibilities:

Loan Origination, Processing, and Servicing

• Interview members, accept loan applications, gather required information, and process preliminary documentation for loan requests.
• Review and verify application information, obtaining additional documentation or clarification when information is incomplete, inaccurate, or missing.
• Evaluate applicant eligibility by reviewing credit reports, income, employment, collateral, and other relevant information.

- Calculate debt-to-income ratios

- Verify employment and income

- Determine collateral value

- Approve loans within assigned lending authority and communicates loan decisions to applicants

• Coordinate loan closings, ensuring all required documentation is complete and prepared for processing, approval, and funding by the scheduled closing date.
• Calculate loan terms, finance charges, and insurance products to ensure accurate disclosures and loan documentation.
• Service existing loans by processing and assisting with:

- Loan payoffs

- Refinances

- Loan modification or workout arrangements

- Address changes

- Payment extensions

- Collateral releases

- Payment arrangement changes

• Promote and sell debt protection products, extended warranties, and other applicable lending-related products and services.
• Adhere to Credit Union lending policies, procedures, and applicable federal and state regulations, maintaining accurate and complete loan documentation.

Company Description

At WFTFCU, we proudly consider ourselves the teachers' credit union and uphold the credit union philosophy of "People Helping People." We are committed to serving as financial educators in our community-investing not only in the staff of the Independent School Districts we support, but also in the students of those districts.

We foster an inclusive and collaborative work environment where team morale is central to our culture and decision making. We are seeking an enthusiastic, service driven individual who is passionate about helping members and going the extra mile. The ideal candidate approaches every task with professionalism, accuracy, and a genuine desire to support others.

Company Description At WFTFCU, we proudly consider ourselves the teachers' credit union and uphold the credit union philosophy of "People Helping People." We are committed to serving as financial educators in our community-investing not only in the staff of the Independent School Districts we support, but also in the students of those districts. We foster an inclusive and collaborative work environment where team morale is central to our culture and decision making. We are seeking an enthusiastic, service driven individual who is passionate about helping members and going the extra mile. The ideal candidate approaches every task with professionalism, accuracy, and a genuine desire to support others.