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)
Position Summary:
A Credit Analyst typically has less than two years experience and at the time of hire, may not have been credit-trained at all. A good candidate would include someone with 1-2 years business experience or a recent college graduate with skills adaptable to the position. For a recent college graduate, some business courses, including Accounting, would be beneficial.
Ultimately, a Credit Analyst is responsible for gathering and analyzing credit information on current and potential borrowers; assisting in determining the advisability of granting credit for diversified types of loans; assists loan officers as well as junior credit analysts in writing loan presentations for approval; promotes business for the Bank by maintaining good customer relations and referring customers to appropriate staff for new services when applicable.
Both on-the-job training and periodic off-site training will be available.
Duties & Responsibilities:
· Preparing financial statement spreads and assisting with maintenance of credit and documentation files.
· Underwriting new loan business, annual reviews, as well as renewals/modifications.
· Majority of work will be commercial in nature (versus consumer).
· Attend customer calls / meetings when appropriate with Relationship Managers.
· Play a role in the loan decision making process.
· Assist with the coordination of loan portfolio reviews, audits and regulatory reviews.
· Assist with oversight of the credit function (reporting, stress testing, covenant testing, credit file maintenance, etc)
Other:
· Good verbal and written communication skills are a must.
· Should have adequate familiarity with MS Word and Excel.
First Bank is an EEO/AA Employer, M/F-Disabled-Veteran and LGBTQ can apply to our company for employment opportunities.
Job Type: Full-time
Pay: From $50,000.00 per year
Benefits:
Schedule:
Work Location: In person
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