Credit Analyst

Maspeth Federal Savings – Maspeth, NY

Job Description

It is the responsibility of the person in this position to process and complete credit analysis on each mortgage application.

Reports To

• Credit Manager

Primary Responsibilities 

• Review PG (Personal Guarantee) and SAE (Single Asset Entity) Residential & Commercial loan applications
• Familiar with ATR/QM, DODD FRANK, Fannie Mae/Freddie Mac Underwriting Guidelines, QM & Non-QM loans 
• Basic Knowledge of HMDA reporting
• Familiar with Mortgage Pre-Approvals and Loan Estimates
• Identify/Review/Analyze Personal and Business returns such as: 1040, 1120C, 1120S, 1065, Trust Returns
• Review and Analyze Profit and Loss, Balance Sheets, Interim Financial Statements, etc
• Review Appraisal reports Residential and Commercial
• Accurately compute DTI, DSCR, LTV, and CLTV ratios
• Review Appraisal reports Residential and Commercial
• Have complete knowledge of all mortgage products offered by Maspeth Federal Savings
• Prepare daily loan pipeline reports as needed
• Interact with applicants/brokers/attorneys in person, through e-mail and over the phone.
• Input information into the Association’s origination system.
• Correlate and compile the information provided and present the analysis for approval in a timely manner with a deadline in mind.
• Assist in preparing loan files for Bank Attorneys for closing
• Other duties as assigned.

Desired Skills & Experience

• 3 years of Credit Underwriting experience in Residential and Commercial mortgage loans
• 2 years of experience reviewing Appraisal Reports
• Bachelor’s degree in finance (or related field) or equivalent years of relevant work experience
• Must be proficient in Microsoft Word, Excel, Outlook 
• Strong computer skills – Word, Excel and Encompass
• Understanding of credit reports and credit reporting agencies
• Excellent written and verbal communications
• Ability to manage relationships both internally and externally
• Detail oriented, able to adhere to deadlines in a timely manner
• Must follow procedures and have ability to adapt to ever-changing environment of Credit Underwriting