Mortgage Credit Analyst assesses the risk and creditworthiness of loan applicants and recommends loan approval, terms, or application denial. Gathers necessary credit, income, and tax information to conduct financial assessments. Being a Mortgage Credit Analyst reviews and verifies property appraisals, collateral value, and key indicators such as debt-to-income and loan-to-value ratios. Prepares a detailed credit analysis and summary using underwriting guidelines, risk assessment frameworks, and following applicable regulatory compliance. Additionally, Mortgage Credit Analyst may require a bachelor's degree. Typically reports to a manager. The Mortgage Credit Analyst work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Mortgage Credit Analyst typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Founded by a small group of educators, Michigan Schools & Government Credit Union (MSGCU) has been providing quality financial services to the community for 70 years and welcomes everyone in Michigan to bank with us.
We are financial champions committed to helping our members achieve financial success by rallying behind them and their goals.
As the sixth largest Credit Union in Michigan, MSGCU has 21 branch offices in southeast Michigan, over 400 team members, 140,000 members, $3 billion in assets, and a 95% member satisfaction rating for two decades.
We are a caring organization that strives to ensure an equitable and inclusive culture where everyone is valued and respected.
Our dedication to team member engagement has contributed to the honor of being named a Top Workplace by The Detroit Free Press eleven years in a row.
If you have a passion for helping people and providing exceptional and dependable service, we want you on our team!
This position will support our Madison Heights and Royal Oak offices
Overview of Responsibilities : Responsible for origination of first mortgages including conducting initial pre-qualification interviews, preparing loan application packages and necessary documentation, communicating policies for extension of credit in accordance with MSGCU and secondary investor guidelines, meeting production expectations, and serving members, prospective members, builders, developers, and real estate agents promptly and professionally.
Essential Duties and Responsibilities :
Adheres to federal and state regulations; secondary market; and MSGCU policies, procedures, and guidelines.
Listens for member cues and uses in depth knowledge of our products and services in order to offer effective solutions for member needs and cross sell MSGCU products and services by focusing on the benefits and value to the member.
Communicates mortgage updates and provides recommendations for identifying new opportunities. Responds to branch team members in a timely and efficient manner.
Follows up on cancelled and pre-approved applications.
Essential Knowledge, Skills, and Abilities :
Member Focus : Uses active listening skills to gain insight and understanding into members' homeownership objectives in order to offer appropriate options and build strong member relationships.
Actively looks for ways to help people solve problems and / or meet financial objectives.
diplomacy and tact during high-tension situations. Poised phone presence and strong follow-up skills.
Persuades : Shares mortgage options in a compelling manner to help members see the value of our offerings as compared to others in the market.
Encourages member referrals.
Instills Trust : Builds relationships and gains the confidence of others by modeling honesty, integrity, authenticity and behaviors that align with organizational values.
Exemplifies courage by stepping up to address difficult issues.
Rebounds from setbacks and adversity.
Essential Preparation and Experience :
Working Conditions :
Compensation and Benefits :
Competitive salaries are just the starting point for MSGCU team members. Generous health benefits, vacation time, retirement plan contributions and discounts on loans and phone service also come with the job.
MSGCUIND
Last updated : 2024-04-22
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