Retail Lending Credit Analyst - Danbury

About the Role

This position is responsible for the processing and underwriting of consumer loans, HELOCs, and mortgages according to portfolio/secondary market standards, Bank policy, and government regulations. The role requires knowledge of all Retail Lending products and program requirements.

Responsibilities

• Track and assign all incoming loan applications from multiple systems and sources.
• Verify application information in the loan operating system against file documentation.
• Order credit reports, flood certifications, appraisals, and title searches as necessary.
• Confirm loan rates and terms meet Federal and Bank guidelines.
• Prepare and deliver all Federally required disclosures within required timeframes.
• Communicate with originators, branch personnel, and/or borrowers regarding necessary supporting documentation to complete files.
• Manage and image documentation received from borrowers, originators, and/or attorneys, completing all checklists as necessary.
• Perform preliminary reviews of loan documentation and submit for underwriting.
• Receive and process pre-closing conditions from borrowers, originators, 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 from borrowers for completeness.
• Review title searches/policies, tax information, and hazard insurance.
• Proactively manage assigned pipeline and monitor it daily for rate lock expiration dates, aging loan documentation, and compliance.
• Update notes in systems consistently.
• Review and analyze credit reports and income documentation to verify and calculate debt-to-income ratios.
• Review appraisals and titles following Bank guidelines.
• Make sound credit decisions according to Bank guidelines and within approved lending limits.
• Prepare and submit files for Second Sight Committee review as needed.
• Underwrite 3-5 new files per day as volume dictates.
• Coordinate loan closings with attorneys, customers, and/or branch personnel.
• Maintain a closing calendar with accurate information.
• Prepare loan closing documents according to legal requirements.
• Scan all necessary documentation into the Loan Operating system, verify images, and complete loan checklists.
• Request and process funds for loans on the disbursement date.
• Follow up with attorneys on outstanding non-recorded documents.
• Work in conjunction with Post Closing on outstanding loan deficiencies.
• Process incoming tuition loans as submitted from the school's Bursar.
• Prepare and deliver loan documents to customers for tuition loans.
• Prepare Tuition Loan Funding requests and submit to Loan Servicing.
• Complete QC reviews of closed tuition loans.
• Adhere to department-established workflow and procedures.
• Utilize lending processing systems, electronic data storage, and automated underwriting systems.
• Monitor Mortgage Documents and Consumer Lending mailboxes for incoming documents.
• Maintain a high level of customer service and loan integrity.

Schedule

Full-Time / 37.50 hours per week

Location

This position is based out of the North Street Office - 126 North St. Danbury, CT 06811.