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)
Overview:
We are seeking a skilled and experienced Mortgage/ Consumer Lender to join our team. As a Mortgage Lender, you will be responsible for assisting clients in securing mortgage loans for their real estate purchases or refinancing needs. This is a critical role that requires strong negotiation skills, attention to detail, and knowledge of mortgage and consumer lending regulations.
Duties:
- Originate and process mortgage loan applications from initial application to closing
- Evaluate client financial information and determine the appropriate loan products
- Assist clients in understanding the mortgage process, including loan terms, interest rates, and repayment options
- Collaborate with underwriters to ensure loan applications meet lending criteria
- Conduct thorough analysis of client creditworthiness and financial documents
- Provide exceptional customer service throughout the loan process, addressing client inquiries and concerns
- Stay up-to-date with industry regulations, including TILA (Truth in Lending Act) and Fair Housing regulations
- Maintain strong relationships with real estate agents, builders, and other referral sources to generate new business opportunities
Skills:
- Strong negotiation skills to secure favorable loan terms for clients
- Proficiency in basic math calculations for accurate loan calculations and financial analysis
- In-depth knowledge of mortgage lending practices, including loan origination, underwriting, processing, and servicing
- Familiarity with FNMA (Fannie Mae) guidelines and requirements for loan eligibility
- Excellent communication skills to effectively explain complex mortgage concepts to clients
- Attention to detail to ensure accurate completion of loan applications and documentation
- Ability to work independently and meet deadlines in a fast-paced environment
If you are a motivated Mortgage Lender with a passion for helping clients achieve their homeownership goals, we would love to hear from you. Apply today to join our dynamic team!
Job Type: Full-time
Pay: $48,000.00 - $70,000.00 per year
Work setting:
Experience:
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Ability to Relocate:
Work Location: In person
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0 Mortgage Credit Analyst jobs found in Duluth, MN area