Retail Lending Credit Analyst - Danbury

Union Savings Bank • Danbury, CT

5d • Onsite

About The Position

The Retail Lending Credit Analyst will be responsible for the processing and underwriting of consumer loans, HELOCs and mortgages. This role involves processing assigned loan application files according to portfolio/secondary market standards, Bank policy and processes, and government regulations. The analyst must possess knowledge of all Retail Lending products and program requirements. Key responsibilities include opening, tracking, and assigning incoming applications, verifying application information, ordering necessary reports (credit, flood, appraisal, title), confirming loan rates and terms, and preparing and delivering required disclosures. The role also involves communicating with originators, branch personnel, and borrowers regarding documentation, managing and imaging loan documents, performing preliminary reviews, and processing pre-closing conditions. Pipeline management, including monitoring rate lock expirations and aging documentation, is crucial. Underwriting involves analyzing credit reports and income documentation, reviewing appraisals and titles, making credit decisions within Bank guidelines, and potentially submitting files for committee review. The analyst will underwrite 3-5 new files per day. Closing duties include coordinating with attorneys and customers, preparing closing documents, scanning documentation, processing funds, and following up on outstanding items. The position requires adherence to department procedures, effective use of lending systems, monitoring mailboxes, and maintaining high customer service standards. Specific duties include processing tuition loans, preparing and delivering loan documents, submitting funding requests, and completing QC reviews of closed tuition loans.

Requirements

• Knowledge on all Retail Lending products and program requirements.
• Ability to open, track, and assign incoming applications from multiple systems and sources.
• Proficiency in verifying application information in loan operating system compared to file documentation.
• Skill in ordering credit reports, flood, appraisal, and title searches.
• Ability to confirm loan rates and terms meet Federal and Bank guidelines.
• Proficiency in preparing and delivering Federally required disclosures within required timeframes.
• Strong communication skills for interacting with originators, branch personnel, and borrowers.
• Experience in managing and imaging loan documentation and completing checklists.
• Ability to perform preliminary review of loan documentation.
• Skill in processing pre-closing conditions.
• Ability to communicate effectively with attorneys, appraisers, and other vendors.
• Proficiency in processing fees.
• Ability to review appraisals, sales contracts, and purchase agreements.
• Skill in reviewing signed loan documents for completeness.
• Ability to review title search/policy, tax information, and hazard insurance.
• Proficiency in managing an assigned pipeline.
• Ability to monitor pipeline for rate lock expiration dates, aging loan documentation, and compliance.
• Skill in updating notes in systems on a consistent basis.
• Ability to review and analyze credit reports and income documentation.
• Proficiency in calculating debt-to-income ratios.
• Ability to review appraisals and titles following Bank guidelines.
• Skill in making sound credit decisions according to Bank guidelines and within approved Bank lending limits.
• Ability to prepare and submit files for Second Sight Committee review.
• Ability to underwrite 3-5 new files per day.
• Proficiency in coordinating loan closings.
• Ability to maintain an accurate closing calendar.
• Skill in preparing loan closing documents according to legal requirements.
• Proficiency in scanning documentation into Loan Operating system.
• Ability to request and process funds for loans.
• Skill in following up with attorneys on outstanding documents.
• Ability to work with Post Closing on loan deficiencies.
• Adherence to department established workflow and procedures.
• Effective utilization of lending processing systems, electronic data storage, and automated underwriting systems.
• Ability to monitor mailboxes for incoming documents.
• Maintenance of a high level of customer service and loan integrity.
• Proficiency in processing tuition loans.
• Ability to prepare and deliver loan documents to customers.
• Skill in preparing Tuition Loan Funding requests.
• Ability to complete QC review of closed Tuition loans.

Responsibilities

• Processing and underwriting of consumer loans, HELOCs and mortgages.
• Process assigned loan application files according to portfolio/secondary market standards, Bank policy and processes and government regulations.
• Opening, tracking, and assigning all incoming applications from multiple systems and sources.
• Verifying application information in loan operating system compared to file documentation.
• Ordering credit report, flood, appraisal, and title search, as necessary.
• Confirming loan rate and terms meet Federal and Bank guidelines.
• Preparing and delivering all Federally required disclosures within required timeframes.
• Communicating with originator, branch personnel and/or borrower regarding necessary supporting documentation/information to complete file.
• Managing and imaging documentation received from borrower, originator and/or attorney, completing all checklists as necessary.
• Performing preliminary review of loan documentation and submitting for underwriting.
• Receiving and processing pre-closing conditions from borrower, originator and/or attorneys.
• Ensuring a consistent and proactive approach to clearing prior-to-close conditions.
• Effectively communicating with attorneys, appraisers, and other vendors.
• Processing all fees upon receipt.
• Reviewing appraisals, sales contracts and/or purchase agreements, as applicable.
• Reviewing all signed documents back from borrower for completeness.
• Reviewing title search/policy, tax information and hazard insurance.
• Proactively managing assigned pipeline.
• Monitoring pipeline on a daily basis for rate lock expiration dates, aging loan documentation and compliance.
• Updating notes in systems on a consistent basis.
• Reviewing and analyzing credit reports and all necessary income documentation to verify and calculate debt-to-income ratios.
• Reviewing appraisal and title following Bank guidelines.
• Making sound credit decisions according to Bank guidelines and within approved Bank lending limits.
• Preparing and submitting any files for Second Sight Committee to review as needed.
• Underwriting 3-5 new files per day as volume dictates.
• Coordinating loan closing with attorney, customer and/or branch personnel.
• Maintaining closing calendar with accurate information.
• Preparing loan closing documents according to legal requirements.
• Scanning all necessary documentation into Loan Operating system, verifying all images and completing loan checklists.
• Requesting and processing funds for loans on disbursement date.
• Following up with attorney on outstanding non-recorded documents.
• Working in conjunction with Post Closing on outstanding loan deficiencies.
• Adhering to department established workflow and procedures.
• Effectively utilizing lending processing systems, electronic data storage and automated underwriting systems.
• Monitoring Mortgage Documents Mailbox and Consumer Lending Mailbox for incoming documents.
• Maintaining a high level of customer service and loan integrity.
• Processing incoming tuition loans as they are submitted from School's Bursar.
• Preparing and delivering loan documents to customers.
• Preparing Tuition Loan Funding request and submitting to Loan Servicing.
• Completing QC review of closed Tuition loans.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed