Job Title:Consumer Credit Analyst III
Status:Non-exempt
Reports to: Supervisor - Dealer Services Credit
Department: Dealer Services Ops
Job Code: 1730
Pay Range: $37.25 - $40.00 Hourly
Location: Hybrid in Sacramento, CA
WHAT YOU'LL DO:- Review, analyze, and evaluate loan applications based on established credit union policies and apply knowledge of underwriting procedures and risk mitigation techniques to approve, counter, or deny consumer loan applications by: * Review and ensure the transaction is accurate, complete and compliant. * Analyze credit history to determine propensity for repayment. * Analyze income and financial statements to determine ability to repay. * Evaluate required documentation for accuracy and truthfulness. * Apply fraud detection and prevention techniques.
- Utilize the credit reports to calculate key lending ratios to determine capacity, credit utilization, and Loan to Value. Ensure application request are in line with credit union guidelines, identify mitigating factors and render judgmental decisions within their designated loan authority.
- Maintain a thorough understanding of state and federal laws and regulations related to credit union compliance-including bank secrecy, anti-money laundering, Fair Lending and Truth in Lending laws appropriate to the position.
- Responsible for receiving and initiating escalated phone inquiries and must communicate and interact with originator and external business partners to provide information or reasoning regarding loan decision.
- Effectively address and resolve all complaints or issues raised by members, internal staff and business partners.
- Gather information, perform analysis, and prepare reports as directed by management.
- Assist with training originators regarding lending policies, process or procedures, administering lending promotional campaigns.
- Make recommendations and assist with updating product, policy and procedure materials pertaining to consumer lending.
- Assist in the preparation of training and/or lending presentations.
- Train personnel on lending policies and procedures. Provide work direction, feedback and training to less experienced staff. Mentor others in credit decision making and department procedures and policies.
- Perform upgrade validations pertaining to lending systems. Understand the use of the automated loan origination system and recommend efficiency improvements.
- May act as a team lead and provide performance feedback to less senior consumer credit analysts.
- May act as backup in absence of Supervisor.
- Perform other Lending duties as assigned.
QUALIFICIATIONS AND PREFERENCES:- H.S. Diploma or General Education Degree (GED) required
- Associate's Degree preferred
- 7+ years Minimum 7 year in consumer lending, in a judgmental lending environment where LOS is used as a guide to make decisions required
- 4+ years 4 years of experience reviewing, analyzing, evaluating loan applications and rending judgmental decisions required
Please view the full job description detailing the complete list of duties and expectations for this role by clicking or copying this URL into your browser: https://golden1.jdxpert.com/ShowJob.aspx?EntityID=2&id=2547
