Retail Lending Credit Analyst - Danbury

Retail Lending Credit Analyst

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

Experience

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

Preferred 2-5 years: Familiarity with Construction Lending

Licenses & Certifications

Required NMLS

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 notice from the Department of Labor.