What are the responsibilities and job description for the Credit Analyst position at Maspeth Federal Savings & Loan Assn?

Job Description

It is the responsibility of the person in this position to process and complete credit analysis on each mortgage application.

Reports To

Credit Manager

Primary Responsibilities

Review PG (Personal Guarantee) and SAE (Single Asset Entity) Residential & Commercial loan applications

Familiar with ATR / QM, DODD FRANK, Fannie Mae / Freddie Mac Underwriting Guidelines, QM & Non-QM loans

Basic Knowledge of HMDA reporting

Familiar with Mortgage Pre-Approvals and Loan Estimates

Identify / Review / Analyze Personal and Business returns such as : 1040, 1120C, 1120S, 1065, Trust Returns

Review and Analyze Profit and Loss, Balance Sheets, Interim Financial Statements, etc

Review Appraisal reports Residential and Commercial

Accurately compute DTI, DSCR, LTV, and CLTV ratios

Review Appraisal reports Residential and Commercial

Have complete knowledge of all mortgage products offered by Maspeth Federal Savings

Prepare daily loan pipeline reports as needed

Interact with applicants / brokers / attorneys in person, through e-mail and over the phone.

Input information into the Association’s origination system.

Correlate and compile the information provided and present the analysis for approval in a timely manner with a deadline in mind.

Assist in preparing loan files for Bank Attorneys for closing

Other duties as assigned.

Desired Skills & Experience

3 years of Credit Underwriting experience in Residential and Commercial mortgage loans

2 years of experience reviewing Appraisal Reports

Bachelor’s degree in finance (or related field) or equivalent years of relevant work experience

Must be proficient in Microsoft Word, Excel, Outlook

Strong computer skills – Word, Excel and Encompass

Understanding of credit reports and credit reporting agencies

Excellent written and verbal communications

Ability to manage relationships both internally and externally

Detail oriented, able to adhere to deadlines in a timely manner

Must follow procedures and have ability to adapt to ever-changing environment of Credit Underwriting

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What are the responsibilities and job description for the Credit Analyst position at Maspeth Federal Savings & Loan Assn?

What is the career path for a Credit Analyst?

Job openings at Maspeth Federal Savings & Loan Assn

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