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)
The primary purpose of this position is to provide excellent member service to current and potential Credit Union members. This is accomplished by notifying current and potential credit union members of mortgage product details and evaluating each members’ situation to suggest which mortgage product would most accurately meet their needs. Other duties include assisting members with filling out the mortgage application; reviewing applications for completeness, ensuring that all necessary documents are provided with the application, and sending out initial disclosures. The Mortgage Originator is also responsible for maintaining a loan application database, coordinating with Private Mortgage Insurance companies when applicable, and performing other duties as requested.
Responsibilities Include:
Qualifications:
This job description is not an all-inclusive list of the responsibilities, skills, working conditions or essential functions of this job. Management reserves the right to modify, add or remove essential functions as business needs warrant.
We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and reserve the right to perform pre-employment substance abuse testing.