Credit Analyst
Description:
Our Client is a Community Bank in Queens with a long-standing commitment to excellence in banking services. They pride themselves on fostering a family-oriented culture and prioritizing work-life balance for their employees.
Position: Credit Analyst
Reports To: Credit Manager
Primary Responsibilities:
Review PG (Personal Guarantee) and SAE (Single Asset Entity) Residential & Commercial loan applications.
Ensure compliance with ATR/QM, DODD-FRANK, Fannie Mae/Freddie Mac Underwriting Guidelines, QM & Non-QM loans.
Maintain basic knowledge of HMDA reporting.
Familiarity with Mortgage Pre-Approvals and Loan Estimates.
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.
Accurately compute DTI, DSCR, LTV, and CLTV ratios.
Review Appraisal reports for Residential and Commercial properties.
Have knowledge of mortgage products.
Prepare daily loan pipeline reports as needed.
Interact with applicants/brokers/attorneys in person, through email, and over the phone.
Input information into the Associations origination system.
Compile information for analysis and present it for approval on time.
Assist in preparing loan files for Bank Attorneys for closing.
Perform other duties as assigned.
Desired Skills & Experience
Credit Underwriting experience in Residential and Commercial mortgage loans.
Experience reviewing Appraisal Reports.
Bachelors degree in finance (or related field) or equivalent years of relevant work experience.
Proficiency in Microsoft Word, Excel, and Outlook.
Strong computer skills Word, Excel, and Encompass.
Understanding of credit reports and credit reporting agencies.
Excellent written and verbal communication skills.
Ability to manage relationships both internally and externally
Detail-oriented with the ability to adhere to deadlines.US
US Citizens or Valid US Green Card Holders Only
Local candidates only
Benefits:
401(k)
Dental insurance
Health insurance
Health savings account
Life insurance
Paid time off
Retirement plan
Tuition reimbursement
Vision insurance
Work Location: In person