Our Client is a Community Bank in Queens with a long-standing commitment to excellence in banking services. They pride themselves on fostering a family-oriented culture and prioritizing work-life balance for their employees.
Position: Junior Credit Analyst
Reports To: Credit Manager
Primary Responsibilities:
- Review PG (Personal Guarantee) and SAE (Single Asset Entity) Residential & Commercial loan applications.
- Ensure compliance with ATR/QM, DODD-FRANK, Fannie Mae/Freddie Mac Underwriting Guidelines, QM & Non-QM loans.
- Maintain basic knowledge of HMDA reporting.
- Familiarity with Mortgage Pre-Approvals and Loan Estimates.
- 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.
- Accurately compute DTI, DSCR, LTV, and CLTV ratios.
- Review Appraisal reports for Residential and Commercial properties.
- Have knowledge of mortgage products.
- Prepare daily loan pipeline reports as needed.
- Interact with applicants/brokers/attorneys in person, through email, and over the phone.
- Input information into the Associations origination system.
- Compile information for analysis and present it for approval on time.
- Assist in preparing loan files for Bank Attorneys for closing.
- Perform other duties as assigned.
Desired Skills & Experience
- 1 year of Credit Underwriting experience in Residential and Commercial mortgage loans.
- Experience reviewing Appraisal Reports.
- Bachelors degree in finance/accounting (or related field) or equivalent years of relevant work experience.
- Proficiency in Microsoft Word, Excel, and Outlook.
- Strong computer skills Word, Excel, and Encompass.
- Understanding of credit reports and credit reporting agencies.
- Excellent written and verbal communication skills.
- Ability to manage relationships both internally and externally
- Detail-oriented with the ability to adhere to deadlines.US
US Citizens or Valid US Green Card Holders Only
Local candidates only
