Consumer Credit Analyst jobs in Washington, DC

Consumer Credit Analyst reviews loan applications and related documentation to determine loan eligibility and terms. Analyzes financial information provided and collects additional documentation as necessary. Being a Consumer Credit Analyst provides loan options, terms, or other product recommendations based on qualifications. Assists customers through the loan process by researching and answering customer inquiries, clarifying details, and coordinating with internal parties. Additionally, Consumer Credit Analyst typically requires a bachelor's degree. Typically reports to a supervisor or manager. The Consumer Credit Analyst work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Consumer Credit Analyst typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

Recently Added Consumer Credit Analyst jobs

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Commercial Real Estate Credit Analyst
  • Lafayette Federal Credit Union
  • Kensington, MD FULL_TIME
  • If you are an experienced and knowledgeable COMMERCIAL REAL ESTATE CREDIT ANALYST looking for a great opportunity in a growing team atmosphere and are committed to delivering an unmatched level of customer satisfaction, PBS may be where you belong.

    PBS offers outstanding benefits, including:
    • 401(k) with Employer Match.
    • Group Health Insurance for Single and Family Coverage.
    • Health Savings Account with Employer Funding.
    • Life and Accidental Death and Dismemberment Insurance.
    • Short and Long-Term Disability Insurance.
    • Educational Assistance.

    Summarily, the Commercial Real Estate Credit Analyst (CCA) will analyze a loan applicant’s credit history and approve or deny loan applications based on the analysis. The CCA is also primarily responsible for servicing and tracking each assigned loan to monitor for risk trends, payment status, documentation, insurance, and credit exceptions as well as ensuring accurate and timely reporting of loan status to senior management on a semi-monthly basis.

    More specifically, the CCA:
    • Monitors the queue for commercial loan applications and follows up with applicants for the purpose of receiving required application materials. Analyzes a loan applicant’s credit worthiness including an applicant’s character, capacity, collateral, capital and economic conditions; Reviews credit bureau reports and credit score; Verifies information included on loan application as necessary, and makes a recommendation to the account officer or loan committee to approve or deny a loan. Documents reason for a denied loan and issues written adverse action letters to applicants within 30 days of application receipt.
    • 100% accurate application of the loan policy with no exceptions. Fully conversant in all aspects of the commercial loan policy and lending processes. Consistently applies standard underwriting practices to all credits and yields clear, concise risk measures for consideration by senior management.
    • Prepares loan presentation sheets, credit memos (both for initial credit evaluation and periodic credit review) and draft term sheets and commitment letters for account officer signature. Reviews legal documents for adherence to approved loan terms and tracks all post-account exceptions to assure timely receipt and execution of all documents, policies, agreements, escrows or other items required per the loan approval and policy.
    • Assigns and recommends risk ratings to each credit at completion of underwriting, during annual credit reviews, and upon identification of material adverse credit condition that impair or threaten to impair repayment capacity. Risk rating accuracy should be maintained at 95% or better as measured by NCUA, external and internal examination results.
    • Prepares and issues third party engagements for appraisal, Phase I and PCA reports and performs report reviews as appropriate.
    • Performs loan assistant duties to include, but not limited to, term sheet and commitment letter drafting, clearing pre-account exceptions, checklist exceptions, coordinating all pre-settlement functions with lender’s counsel, account and funding administration.
    • Assists the servicing department in obtaining timely and accurate submission of updated borrower financial information and reports loan exception status to senior management on a semi-monthly basis. Promptly notifies the account officers of any credit risk down grades and accurately reassesses and reassigns risk ratings to all assigned credits and reports results to management. Reassessments are prepared once every 12 months and include documented inspection of each property and credit risk reassessment of updated credit information in the form of a credit memorandum to the file.
    • Prepares assigned tracking, exception, pipeline, risk and status reports at least once monthly, or as assigned by the account officers.
    • Notifies account officers of any loan that past due loans exceeding its contracted grace period and promptly contacts borrower to begin collection efforts. Updates the account officers periodically to assess progress of collection efforts and recommends supplementary collection actions.
    • Maintains a loan application register and processes all loan applications within 30 days of receipt. All loan decisions are documented and borrowers shall be promptly informed of all credit and pricing decisions.
    • Effectively applies Reg. B, HMDA, BSA, Patriot Act and related regulations to all loans and account relationships.
    • Handles members with the highest standards of professionalism and service with particular focus on providing members with prompt and courteous responses to all.

    Qualifications:

    Education & Experience:
    • Associates degree in business or related field of study; three years of experience in approving credit or an equivalent combination of experience and education.
    • Experience with analyzing commercial real estate mortgage loans and construction and rehab lines of credit up to $15,000,000.
    • Understanding and training in formal appraisal and ESA report evaluation and analysis.
    • Knowledge of construction draw administration and evaluation.
    • Knowledge of legislation, regulations, policies and procedures pertaining to lending practices.
    • Basic understanding of the collection process.
    • Complete knowledge of spreadsheet preparation, narrative underwriting and credit memo preparation and formatting.

    Skills:
    • Experience with loan processing software and data processing systems.
    • Proficient with Excel, Outlook, Word and spreadsheet systems such as FAMAS, OnePoint or similar program.
    • Intermediate math skills (capable of calculations involving decimals, percentages & factions).
    • Standard PC skills.

    Supervisory Responsibility:

    Direct Reports: 0

    Organizational Relationships:

    Internal Contacts:
    • Daily interaction with PBS, LLC employees to advise, guide, and counsel them on lending policies and decisions. Must be able to use persuasion to convince them to adhere to the strict guidelines of our procedures.

    External Contacts:
    • Daily interaction with borrowers, prospects, brokers, and related agents.

    Authority:
    • This position operates under direct supervision from the credit officer. Although work is done in accordance with general policies and objectives, considerable latitude is given to exercise independent judgment. Decisions and actions are subject to review only in highly complex or unusual cases. Performance has a great influence over PBS’s success.
    • No lending authority.

    Skills for Success:
    • Business Ethics - Demonstrates integrity in all business dealings and with all members so that the company name remains trustworthy. Does what is morally and ethically right. Follows through on commitments, admits mistakes, and builds trust. Keeps sensitive information strictly confidential. Maintains and sustains a positive first impression.
    • Decision Making - Analyzes data, identifies issues and offers alternatives. Makes timely decisions with limited information. Understands business issues and makes judgments that are consistent with business goals.
    • Communication Skills - Listens and comprehends messages and information delivered by others. Accepts input from others. Understands and appreciates different and opposing perspectives. Effectively expresses one’s self in individual or group situations. Shares information with people at all levels and in other departments or functional areas. Ensures understanding by breaking through barriers of interpretation. Practices and promotes free and constructive exchange of information and expertise. Gives oral presentations that are appropriate to the audience and achieves desired results.
    • Coaching & Development - Develops skills and competence in self and others through identifying needs, initiating appropriate developmental situations and coaching or mentoring others to enable them to take on broader responsibilities. Provides ongoing guidance and feedback to improve employee performance, skill and ability.
    • Member Focused - Recognizes the importance of our members. Responsive and attentive, striving to identify and consistently meet their needs and anticipate and resolve any problems. Takes personal responsibility for member satisfaction by performing work that is not part of the job description and looking for ways to improve their satisfaction.

    Physical Requirements:
    • This position requires manual dexterity, the ability to lift files and open cabinets.
    • This position requires bending, stooping or standing as necessary.

    Work Environment:
    • This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Office environment with job duties conducted via telephone, face to face meetings, and on the computer.

    *Potomac Business Services, LLC is an equal opportunity employer.*

    EOE/AA/VETERAN/DISABLED
  • 1 Month Ago
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Consumer Loan Underwriter
  • Tower Federal Credit Union
  • Laurel, MD FULL_TIME
  • Note: All full-time positions include the option of $0 out-of-pocket premium cost for Employee Only PPO AND exceptionally low premiums for all other PPO coverage levels. Tower is offering a $1000 Sign...
  • 18 Days Ago
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Consumer Loan Processor I
  • Navy Federal Credit Union
  • Vienna, VA OTHER
  • Overview Processes loan applications by verifying and evaluating information provided on consumer loan applications; researching and gathering supporting data and documentation; and providing administ...
  • 30 Days Ago
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Financial Analyst
  • Consumer Financial Protection Bureau
  • Washington, DC FULL_TIME
  • This job will close when we have received 200 applications which may be sooner than the closing date. Learn moreThis position is located at Consumer Financial Protection Bureau, Office of Markets. As ...
  • Just Posted
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Credit Analyst
  • Capital Bank, N.A.
  • Rockville, MD FULL_TIME
  • About Us Capital Bank N.A. is the fifth largest bank headquartered in Maryland, serving our communities since 1999. We offer commercial and consumer banking services to clients in the DC metro area, a...
  • 18 Days Ago
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Credit Analyst
  • Capital Bank
  • Rockville, MD FULL_TIME
  • About UsCapital Bank N.A. is the fifth largest bank headquartered in Maryland, serving our communities since 1999. We offer commercial and consumer banking services to clients in the DC metro area, al...
  • 18 Days Ago
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0 Consumer Credit Analyst jobs found in Washington, DC area

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Quality Assurance Analyst
  • AARP
  • Washington, DC
  • Overview: AARP Services, Inc., founded in 1999, is a wholly-owned taxable subsidiary of AARP. AARP Services manages the ...
  • 4/23/2024 12:00:00 AM
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Digital Producer, 360 Reviews
  • U.S. News & World Report
  • Washington, DC
  • Description U.S. News & World Report is a multifaceted digital media company dedicated to helping citizens, consumers, b...
  • 4/22/2024 12:00:00 AM
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Data Operations Specialist (CFPB)
  • IT Concepts
  • Washington, DC
  • Founded in 2003, IT Concepts' core values - customer-centricity, teamwork, driven to deliver, innovation, and integrity ...
  • 4/22/2024 12:00:00 AM
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Financial Services Associate Director
  • Berkeley Research Group, LLC
  • Washington, DC
  • Description Position at Berkeley Research Group, LLC We are a trusted advisor to leading financial services companies an...
  • 4/22/2024 12:00:00 AM
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SEO Analyst
  • U.S. News & World Report
  • Washington, DC
  • Description U.S. News & World Report is a multifaceted digital media company dedicated to helping citizens, consumers, b...
  • 4/21/2024 12:00:00 AM
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Associate Full Stack Developer
  • U.S. News & World Report
  • Washington, DC
  • Description U.S. News & World Report is a digital-first media company dedicated to helping consumers and business profes...
  • 4/21/2024 12:00:00 AM
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Data Analyst
  • U.S. News & World Report
  • Washington, DC
  • Description U.S. News & World Report is a multifaceted digital media company dedicated to helping citizens, consumers, b...
  • 4/21/2024 12:00:00 AM
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Research Manager - 360 Reviews
  • U.S. News & World Report
  • Washington, DC
  • Description U.S. News & World Report is a multifaceted digital media company dedicated to helping citizens, consumers, b...
  • 4/21/2024 12:00:00 AM
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About Washington, District of Columbia

Washington, D.C. is located in the mid-Atlantic region of the U.S. East Coast. Due to the District of Columbia retrocession, the city has a total area of 68.34 square miles (177.0 km2), of which 61.05 square miles (158.1 km2) is land and 7.29 square miles (18.9 km2) (10.67%) is water. The District is bordered by Montgomery County, Maryland to the northwest; Prince George's County, Maryland to the east; Arlington County, Virginia to the south; and Alexandria, Virginia to the west. The south bank of the Potomac River forms the District's border with Virginia and has two major tributaries: the An...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Consumer Credit Analyst jobs
$59,587 to $80,997
Washington, District of Columbia area prices
were up 1.3% from a year ago
View detail

What does a Consumer Credit Analyst do?

Consumer Credit Analyst in Columbus, OH
It is helpful to consult a proven example such as the following consumer credit analyst resume sample.
February 20, 2020
Reading credit reports and piecing together the story of a person’s finances is imperative to being a good consumer credit analyst.
January 03, 2020
Consumer Credit Analyst in Philadelphia, PA
Because consumer financials are rarely cut and dried, credit analysts must be able to evaluate a large amount of information in a short period of time and provide an honest and objective appraisal of a person’s financial situation.
February 02, 2020
Consumer Credit Analyst in Spartanburg, SC
Prerequisite to this, consumer credit analysts must have a firm grasp on what constitutes a good risk and what constitutes a faulty one.
January 12, 2020