HCD Loan Analyst
About The Position
Works under the direction of an assigned supervisor in Housing and Community Development (HCD) to process, review, and approve loan applications and/or contracts for various programs. Underwrites loan applications per guidelines. Calculates loan repayment with interest, escrow and recommended loan approval. Accepts and reviews bid documents to prepare formal application and submit for approval. Determines loan amount and computes interest and payments as required. Interprets government regulations and ensure applications comply with funding agency guidelines. May classify collectible and uncollectible loans through federal, state, and local sources. Makes recommendations to management regarding uncollectible loans. Assists loan applicants during various stages of the process and through the one-year warranty period. Conducts detailed analysis via computer of applicant's financial statements to determine feasibility of granting the loan. Conducts pre-qualification interviews with applicant to determine if basic qualifications are met. Performs credit checks on applicant by contacting credit bureau as needed. Communicates government regulations and program guidelines to applicant. Contacts all applicants to set up repayment plans if necessary. Reviews and monitors payments and expenditures for loan purposes. Reviews and analyzes accounts to determine if sufficient funds are available to pay premiums and taxes if applicable. Collects funds for various types of payment accounts.
Responsibilities
- Process, review, and approve loan applications and/or contracts for various programs.
- Underwrite loan applications per guidelines.
- Calculate loan repayment with interest, escrow and recommended loan approval.
- Accept and review bid documents to prepare formal application and submit for approval.
- Determine loan amount and compute interest and payments as required.
- Interpret government regulations and ensure applications comply with funding agency guidelines.
- Classify collectible and uncollectible loans through federal, state, and local sources.
- Make recommendations to management regarding uncollectible loans.
- Assist loan applicants during various stages of the process and through the one-year warranty period.
- Conduct detailed analysis via computer of applicant's financial statements to determine feasibility of granting the loan.
- Conduct pre-qualification interviews with applicant to determine if basic qualifications are met.
- Perform credit checks on applicant by contacting credit bureau as needed.
- Communicate government regulations and program guidelines to applicant.
- Contact all applicants to set up repayment plans if necessary.
- Review and monitor payments and expenditures for loan purposes.
- Review and analyze accounts to determine if sufficient funds are available to pay premiums and taxes if applicable.
- Collect funds for various types of payment accounts.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
