Mortgage Credit Analyst jobs in Lawrence, MA

Mortgage Credit Analyst assesses the risk and creditworthiness of loan applicants and recommends loan approval, terms, or application denial. Gathers necessary credit, income, and tax information to conduct financial assessments. Being a Mortgage Credit Analyst reviews and verifies property appraisals, collateral value, and key indicators such as debt-to-income and loan-to-value ratios. Prepares a detailed credit analysis and summary using underwriting guidelines, risk assessment frameworks, and following applicable regulatory compliance. Additionally, Mortgage Credit Analyst may require a bachelor's degree. Typically reports to a manager. The Mortgage Credit Analyst work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Mortgage Credit Analyst typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

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Commercial Credit Analyst
  • River Run Services LLC
  • Newburyport, MA FULL_TIME
  • Description

    (On-site)


    The Credit Analyst identifies, monitors, and controls credit risk in a commercial banking environment. This position is guided by a Credit Analyst Development Program in which participants learn the skills essential for careers in credit risk management, commercial lending, loan underwriting, and other areas of banking. This will include exposure to various cash flow models and applications, and will involve applying basic concepts from accounting, finance, and economics. Day-to-day tasks include financial spreading and analysis, credit underwriting, evaluation of commercial borrowers, covenant testing, and occasional special projects. 

    Requirements

    • Performs annual review of commercial borrowers and assists commercial department with report preparation and other duties as requested. 
    • Recognizes and assesses pertinent risks and identifies the impact of non-financial and external factors, ranging from general economic issues to industry and management issues, which may impact the borrower’s ability to meet its obligations. 
    • Spreads financial statements and maintains financial spreadsheets accurately while completing a review of personal and corporate creditworthiness for potential new borrowers.
    • Gathers and assimilates appropriate data for each credit analysis and determines the need to request additional information to complete work assignments on time, meet applicable deadlines, and work independently. 
    • Identifies potential or developing problems within the loan portfolio and recommends action plans and risk rating adjustments as needed. 
    • Supports ongoing credit file maintenance and overall commercial loan quality control while assisting the commercial loan origination staff in various related support functions. 
    • Remains current on all Bank credit policies and existing regulations, verifying conformity, and noting exceptions in existing and prospective credit relationships. 
    • Occasionally assists Commercial Lenders with constructions site visits, inspections, customer visits and customer meetings. 
    • Assists Commercial Loan Officers with structuring commercial loans.
    • Provides administrative support to the Credit Administration Team and Commercial Lending Officers as requested.


    Education and Experience

    • Comprehension of general accounting and finance principles, typically gained through a bachelor’s degree in business. 
    • Ability to complete a basic financial analysis of a company
    • Ability to translate market data and valuation calculations in appraisal reports. 
    • Ability to learn basics of the Bank’s products and services, with a focus on loan and commercial products. 
    • Detail orientation, ability to work successfully with deadlines and time constraints, ability to learn and apply basics of the Bank’s products and services including loan products, self-motivation and decision-making skills required
    • Proficiency with Microsoft Office, Outlook and working knowledge of general banking/ lending concepts and principals.


    Physical Requirements

    • Prolonged periods of sitting at a desk and working on a computer.
    • Must be able to lift up to 15 pounds at times. 

     

    River Run Services, LLC is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, ancestry, national origin, gender, sexual orientation, marital status, religion, age, disability, gender identity, results of genetic testing or service in the military.


    If you are an individual with a disability and require a reasonable accommodation to complete the application process, you may contact Candela Borracci at cborracci@newburyportbank.com or call 978-225-8757.

  • 17 Days Ago

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External Mortgage Loan Originator
  • AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY
  • Methuen, MA OTHER
  • Job Details Job Location: 6290 Methuen - Methuen, MA Position Type: Full Time Education Level: High School Salary Range: Undisclosed Travel Percentage: Road Warrior Job Category: Sales DescriptionAnni...
  • 14 Days Ago

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Regional Sales Manager/Branch Manager
  • Pinnacle Mortgage Corporation
  • North Andover, MA FULL_TIME
  • Lower rates/fees/margins? Over 46 investors with QM/non-QM products? An industry-leading turn times? And branch opportunities? Come work with Pinnacle Mortgage Corp. Apply Here https://pinnaclemtgcorp...
  • 18 Days Ago

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Loan officer assistant
  • CrossCountry Mortgage, LLC.
  • Lawrence, MA FULL_TIME
  • Description CrossCountry Mortgage (CCM) is one of the nation's top 3 retail mortgage lenders with more than 7,000 employees operating nearly 600 branches across all 50 states. We have been recognized ...
  • 19 Days Ago

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Bilingual Loan Officer Assistant (On-Site)
  • CrossCountry Mortgage, LLC.
  • Lawrence, MA FULL_TIME
  • CrossCountry Mortgage (CCM) is one of the nation’s top 3 retail mortgage lenders with more than 7,000 employees operating nearly 600 branches across all 50 states. We have been recognized nine times o...
  • 4 Days Ago

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Credit/Collections Supervisor
  • Robert Half
  • North Andover, MA FULL_TIME
  • Robert Half is working with a respected manufacturing client north of Boston seeking a Credit & Collections Supervisor to join its team. This is a permanent role, reporting into a Director, that will ...
  • 9 Days Ago

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0 Mortgage Credit Analyst jobs found in Lawrence, MA area

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Data Warehouse Developer
  • Cybertec, Inc.
  • Title: Data Warehouse Developer Location: New York City Experience: 7-10+ years Client: NY State Homes and Community ren...
  • 3/28/2024 12:00:00 AM

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Junior Mortgage Technology Analyst
  • St. Mary's Bank
  • Manchester, NH
  • WHAT'S NOT TO LOVE ABOUT WORKING AT ST. MARY'S BANK? At St. Mary's Bank, we take pride in our heritage as New Hampshire'...
  • 3/28/2024 12:00:00 AM

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Grants Specialist
  • AgeSpan
  • Lawrence, MA
  • AgeSpan Formerly Elder Services of the Merrimack Valley/North Shore About Us: Since 1974 our agency has strived towards ...
  • 3/28/2024 12:00:00 AM

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Senior Financial Analyst - Hybrid
  • Flexible Recruiting Solutions
  • Belmont, MA
  • Job Description Job Description Senior Financial Analyst Our client is one of the region’s fastest growing financial ins...
  • 3/27/2024 12:00:00 AM

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Contract to Hire:Commercial Procurement, Commercial Solar, EV Sales
  • Inertia Resources Inc.
  • Boston, MA
  • Job Description Job Description Seeking Full Time Sales Professionals that specialize in Commercial Sales and Team Devel...
  • 3/27/2024 12:00:00 AM

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Recovery Specialist Monitor
  • Beth Israel Lahey Health
  • Lawrence, MA
  • When you join the growing BILH team, you're not just taking a job, you're making a difference in people's lives. Job Typ...
  • 3/27/2024 12:00:00 AM

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Roofing Advisor
  • Master Roofers Inc
  • Methuen, MA
  • Master Roofers offers residential and commercial new roof installations, roof replacement, roof repairs, skylight & sun ...
  • 3/27/2024 12:00:00 AM

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Assistant Branch Manager, Andover, Full-time, Onsite
  • DCU
  • Andover, MA
  • Schedule Monday through Friday 8:30 AM - 5:30 PM, alternate Thursdays or Fridays 10:30 AM - 7:30 PM, and alternate Satur...
  • 3/24/2024 12:00:00 AM

According to the United States Census Bureau, the city has a total area of 7.4 square miles (19 km2), of which 7.0 square miles (18 km2) is land and 0.4 square miles (1.0 km2) (6.07%) is water. Lawrence is on both sides of the Merrimack River, approximately 26 miles (42 km) upstream from the Atlantic Ocean. On the north side of the river, it is surrounded by Methuen. On the south side of the river, the town is bordered by North Andover to the east, and Andover to the south and southwest. Lawrence is approximately 30 miles (48 km) north-northwest of Boston and 27 miles (43 km) southeast of Manc...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Mortgage Credit Analyst jobs
$55,712 to $79,576
Lawrence, Massachusetts area prices
were up 1.6% from a year ago

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