Loan Officer - Auto Finance
About The Position
Westlake Financial Services is seeking a dedicated, results-driven Loan Officer to join its Auto Finance team. The role supports the lending process by working with car dealerships and clients to evaluate and approve auto loans. The Loan Officer assesses applications, makes lending decisions, and provides customer service to help clients meet their vehicle-financing needs. The role also involves maintaining dealership relationships, ensuring regulatory compliance and accurate loan documentation, collaborating with sales, and reporting on loan performance and application outcomes. Compensation is listed as annual total compensation of up to $110,000, including monthly bonuses, and annual base compensation of $47,985.60 ($23.07 per hour). Actual starting compensation depends on factors including location, skills, experience, education, credentials, and licensure.
Requirements
- 2–4 years of experience in loan origination or underwriting, preferably in auto finance or consumer lending.
- Strong analytical skills and the ability to assess financial data and make sound lending decisions.
- Excellent verbal and written communication skills for interacting with dealerships, clients, and internal teams.
- Strong attention to detail and accuracy in documentation and regulatory compliance.
- Proficiency with financial software, loan origination systems, and Microsoft Office Suite, including Excel, Word, and Outlook.
- In-depth knowledge of auto finance lending practices, credit analysis, and risk assessment.
- Familiarity with state and federal regulations governing consumer lending.
- Understanding of credit scoring models and loan approval criteria.
- Strong customer service orientation and commitment to client satisfaction.
- Ability to work independently, meet deadlines, and manage multiple tasks in a fast-paced environment.
- Results-oriented approach, including proactively identifying opportunities for loan growth and process improvements.
Nice To Haves
- Bachelor’s degree in finance, business, or a related field, or equivalent experience; the degree is preferred.
- Experience working with car dealerships and an automotive industry contact network.
- Knowledge of Westlake Financial Services’ products and processes.
Responsibilities
- Review and process auto loan applications to ensure they meet company and regulatory requirements.
- Analyze applicants’ financial backgrounds, credit histories, and other relevant information to assess risk and loan eligibility.
- Make loan approval or rejection decisions based on financial data, risk analysis, and company guidelines.
- Build and maintain relationships with car dealerships, providing guidance on Westlake Financial Services’ loan products and criteria.
- Ensure loan files comply with state and federal lending regulations, complete required documentation, and maintain accurate loan records.
- Respond to client inquiries, assist with loan requirements, and provide financial guidance.
- Collaborate with the sales team to maximize loan opportunities, support marketing initiatives, and promote products to new and existing clients.
- Report on loan performance, application volume, and approval and decline rates.
Benefits
- Medical, dental, and vision benefits
- Life insurance and long-term disability plans
- Flexible Spending Account
- 401(k) matching
- Employee Stock Ownership Program with company matching
- Wellness programs
- Metro Tap Card and Metro-link reimbursement for Los Angeles, California employees only
- Career path opportunities
- Discounts on parks, museums, movie tickets, and attractions
- Annual flu shot
- Paid vacation days
- Paid sick days
- Paid holidays
- Gym access at the Los Angeles, California and Dallas, Texas offices
- Rental car discounts
- Dell Member Purchase Program
- UKG Wallet
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
