Retail Lending Credit Analyst - Danbury

Description

The Retail Lending Credit Analyst will be responsible for the processing and underwriting of consumer loans, HELOCs and mortgages. Process the assigned loan application files according to portfolio/secondary market standards, Bank policy and processes and government regulations. Must have knowledge on all Retail Lending products and program requirements.

Opening

• Track and assign all incoming applications from multiple systems and sources.

• Verify application information in loan operating system compared to file documentation.

• Order credit report, flood, appraisal, and title search, as necessary.

• Confirm loan rate and terms meet Federal and Bank guidelines.

• Prepare and deliver all Federally required disclosures within required timeframes.

Loan Processing

• Communicate with originator, branch personnel and/or borrower regarding necessary supporting documentation/information to complete file.

• Manage and image documentation received from borrower, originator and/or attorney, completing all checklists as necessary.

• Perform preliminary review of loan documentation and submit for underwriting.

• Receive and process pre-closing conditions from borrower, originator and/or attorneys.

• Ensure a consistent and proactive approach to clearing prior-to-close conditions

• Effectively communicate with attorneys, appraisers, and other vendors.

• Process all fees upon receipt.

• Review appraisals, sales contracts and/or purchase agreements, as applicable.

• Review all signed documents back from borrower for completeness.

• Review title search/policy, tax information and hazard insurance.

Pipeline Management

• Proactively manage assigned pipeline.

• Monitor pipeline on a daily basis for rate lock expiration dates, aging loan documentation and compliance.

• Update notes in systems on a consistent basis.

Underwriting

• Review and analyze credit reports and all necessary income documentation to verify and calculate debt-to-income ratios

• Review appraisal and title following Bank guidelines

• Make sound credit decision according to Bank guidelines and within approved Bank lending limits

• Prepare and submit any files for Second Sight Committee to review as needed

• Underwrite 3-5 new files per day as volume dictates.

Closing

• Coordinate loan closing with attorney, customer and/or branch personnel.

• Maintain closing calendar with accurate information.

• Prepare loan closing documents according to legal requirements.

• Scan all necessary documentation into Loan Operating system, verify all images and complete loan checklists.

• Request and process funds for loans on disbursement date.

• Follow up with attorney on outstanding non-recorded documents.

• Work in conjunction with Post Closing on outstanding loan deficiencies.

Ongoing

• Adhere to department established workflow and procedures.

• Effectively utilize lending processing systems, electronic data storage and automated underwriting systems.

• Monitor Mortgage Documents Mailbox and Consumer Lending Mailbox for incoming documents.

• Maintain high level of customer service and loan integrity.

Tuition Loan Processing

• Process incoming tuition loans as they are submitted from School's Bursar.

• Prepare and deliver loan documents to customers

• Prepare Tuition Loan Funding request and submit to Loan Servicing

• Completed QC review of closed Tuition loans

This position is based out of the North Street Office - 126 North St. Danbury, CT 06811

Full-Time / 37.50 hours per week

Qualifications

Licenses & Certifications

Required

• NMLS

Experience

Required

• 2-5 years: Experience Processing FNMA/FHLMC Loans

Preferred

• 2-5 years: Familiarity with Construction Lending

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.