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)
The Outside Loan Originator provides residential mortgage loans to borrowers looking to purchase real estate or refinance an existing mortgage and generates leads to increase production. An Outside Loan Originator works greater than 50% of the time away from the office. This position is paid solely by commission.
Reasonable accommodations may be made to enable individuals with disabilities to carry out essential functions.
Competencies
Competencies include but are not limited to the following:
Supervisory Responsibility
This position manages his or her loan partners and is responsible for delegating tasks to them.
Work Environment
This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
While performing the duties of this job, the employee is occasionally required to stand; walk; sit; use hands to handle objects, tools or controls; reach with hands and arms; and talk or hear.
Travel
Travel is primarily local during the business day, although occasional out-of-area and overnight travel may be expected, for promotional events and closings.
Required Education/Experience
Requires a high school diploma and thorough knowledge of investor and agency guidelines as well as state and federal regulations.
Preferred Education/Experience
Preferable to have a bachelors degree and thorough knowledge of investor and agency guidelines as well as state and federal regulations.
Additional Qualifications for Eligibility
Additional qualifications include an NMLS license.
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