Credit Analyst

3 weeks ago

Maspeth, United States Maspeth Federal Savings & Loan Assn Full time
Job DescriptionJob Description

Credit Analyst

Maspeth Federal Savings – Maspeth, NY

Job Description

It is the responsibility of the person in this position to process and complete credit analysis on each mortgage application.

Reports To

  • Credit Manager

Primary Responsibilities

  • Review PG (Personal Guarantee) and SAE (Single Asset Entity) Residential & Commercial loan applications
  • Familiar with ATR/QM, DODD FRANK, Fannie Mae/Freddie Mac Underwriting Guidelines, QM & Non-QM loans
  • Basic Knowledge of HMDA reporting
  • Familiar with Mortgage Pre-Approvals and Loan Estimates
  • Identify/Review/Analyze Personal and Business returns such as: 1040, 1120C, 1120S, 1065, Trust Returns
  • Review and Analyze Profit and Loss, Balance Sheets, Interim Financial Statements, etc
  • Review Appraisal reports Residential and Commercial
  • Accurately compute DTI, DSCR, LTV, and CLTV ratios
  • Review Appraisal reports Residential and Commercial
  • Have complete knowledge of all mortgage products offered by Maspeth Federal Savings
  • Prepare daily loan pipeline reports as needed
  • Interact with applicants/brokers/attorneys in person, through e-mail and over the phone.
  • Input information into the Association’s origination system.
  • Correlate and compile the information provided and present the analysis for approval in a timely manner with a deadline in mind.
  • Assist in preparing loan files for Bank Attorneys for closing
  • Other duties as assigned.

Desired Skills & Experience

  • 3+ years of Credit Underwriting experience in Residential and Commercial mortgage loans
  • 2+ years of experience reviewing Appraisal Reports
  • Bachelor’s degree in finance (or related field) or equivalent years of relevant work experience
  • Must be proficient in Microsoft Word, Excel, Outlook
  • Strong computer skills – Word, Excel and Encompass
  • Understanding of credit reports and credit reporting agencies
  • Excellent written and verbal communications
  • Ability to manage relationships both internally and externally
  • Detail oriented, able to adhere to deadlines in a timely manner
  • Must follow procedures and have ability to adapt to ever-changing environment of Credit Underwriting