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)
JOB SUMMARY
Working under the guidance and supervision of lead staff, the Commercial Credit Analyst I will investigate and conduct an in-depth industry and financial analysis to determine credit risk of existing and potential borrowers; gather financial information on present and prospective customers; create credit memos for loan officers; and perform loan reviews and financial analysis for simple to moderately complex credits. This position also works cooperatively to support the Lending and Credit functions of the Bank. The position is an entry-level, credit-based analyst position providing support to the lending staff, portfolio managers, and senior credit risk officer.
ESSENTIAL DUTIES AND RESPONSIBILITIES
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Most work hours will occur within the bank’s normal business hours; however, if the workload deems it necessary, some work outside business hours may be required.
QUALIFICATIONS
AAP/EEO STATEMENT
This statement of policy reaffirms South Atlantic Bank’s policy of equal employment opportunity in employment, compensation, training, transfers, promotions, and all other aspect of employment regardless of race, color, religion, national origin, age, sex, veteran status, physical or mental handicap/disability and to state that we do carry out this policy at South Atlantic Bank. This policy also applies to all company-sponsored activities such as educational programs, tuition aid and social and recreational activities.
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