Retail Lending Credit Analyst - Danbury

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