Retail Lending Credit Analyst

5 days ago


Danbury, Connecticut, United States Usb (Union Savings Bank) Full time
Retail Lending Credit Analyst Job Description

At Union Savings Bank, we are seeking a highly skilled Retail Lending Credit Analyst to join our team. As a Retail Lending Credit Analyst, you will be responsible for processing and underwriting consumer loans, HELOCs, and mortgages.

Key Responsibilities:
  • Process loan application files according to portfolio/secondary market standards, Bank policy, and government regulations.
  • Verify application information in the loan operating system compared to file documentation.
  • Order credit reports, flood, appraisals, and title searches as necessary.
  • Confirm loan rates and terms meet Federal and Bank guidelines.
  • Prepare and deliver all Federally required disclosures within required timeframes.
Additional Responsibilities:
  • Communicate with originators, branch personnel, and/or borrowers regarding necessary supporting documentation/information to complete files.
  • Manage and image documentation received from borrowers, originators, and/or attorneys, completing all checklists as necessary.
  • Perform preliminary reviews of loan documentation and submit for underwriting.
  • Receive and process pre-closing conditions from borrowers, originators, and/or attorneys.
  • Ensure a consistent and proactive approach to clearing prior-to-close conditions.
  • Effectively communicate with attorneys, appraisers, and other vendors.
  • Process all fees upon receipt.
  • Review appraisals, sales contracts, and/or purchase agreements, as applicable.
  • Review all signed documents back from borrowers for completeness.
  • Review title searches/policies, tax information, and hazard insurance.
Pipeline Management:
  • Proactively manage assigned pipelines.
  • Monitor pipelines on a daily basis for rate lock expiration dates, aging loan documentation, and compliance.
  • Update notes in systems on a consistent basis.
Underwriting:
  • Review and analyze credit reports and all necessary income documentation to verify and calculate debt-to-income ratios.
  • Review appraisals and titles following Bank guidelines.
  • Make sound credit decisions according to Bank guidelines and within approved Bank lending limits.
  • Prepare and submit any files for Second Sight Committee review as needed.
  • Underwrite 3-5 new files per day as volume dictates.
Closing:
  • Coordinate loan closings with attorneys, customers, and/or branch personnel.
  • Maintain closing calendars with accurate information.
  • Prepare loan closing documents according to legal requirements.
  • Scan all necessary documentation into the Loan Operating system, verify all images, and complete loan checklists.
  • Request and process funds for loans on disbursement dates.
  • Follow up with attorneys on outstanding non-recorded documents.
  • Work in conjunction with Post Closing on outstanding loan deficiencies.
Requirements:
  • High School or better.
  • 2-5 years of experience processing FNMA/FHLMC loans.
  • Familiarity with Construction Lending is preferred.
  • NMLS certification is required.

We are an Equal Opportunity Employer and value diversity. Apply now at https://recruiting.ultipro.com/UNI1073USB/JobBoard/bf49de4f-0373-d9e2-6ac9-fd2c978feef5/OpportunityDetail?opportunityId=dd0616d5-c4b9-4d05-956d-c2606609e9d0.



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