Job Opportunity – Credit Analyst, Irvine, CA:
We are looking for an entry-level credit analyst, with the following job duties:
- Review the loan application and related documents and analyze prospective borrower’s income, credit abilities, assets, and other credit and financial information; Analyze the borrower’s financial data to evaluate the borrowers’ credit worthiness and loan repayment capabilities; Confer with credit association and other related organizations to exchange credit information of the borrower;
Conduct thorough research of clients/borrowers’ credit history; Use the collected information as a basis to create a profile for the borrower and determine borrower’s repayment reliability and potential risks; Upon approval of a loan, ensure proper disbursement of the loan and help resolve any issues arising during application process, loan repayment period, and at closing stages; Coordinate amount with the involved parties including negotiating with borrowers, contacting lenders, and communicating with title & escrow companies, insurance agents, to ensure completeness of loan applications and timely closing of escrows; Confer and coordinate with underwriters to clear and resolve mortgage application problems; Complete post-closing audit including reconciling CD to ensure correct loan settlement, complete reviewing the executed loan documents and disbursement loan proceeds, and preparing boarding sheets;
- Conduct Finance Risk Factor Profiling, Credit Risk, Predicative Modeling and Regression Analysis using various financial tools such as Visual Basic for Applications (VBA), SPSS, SAS, and/or Decision Tree, etc. to evaluate profiles of prospective borrowers and performance of loan portfolios;Analyze loan portfolios and prepare reports that include the degree of risk involved in lending money using database analysis tools like SQL Server Reporting Services, and business intelligence tools like Business Objects and/or Crystal Reports;
Utilizing specialized industry software tools like Calyx Point, structure the loan scenario with appropriate loan program that would best suit client’s needs; Collect data based on credit parameters including loan-to-value ratio, debt to income ratio, as well as credit risk, and price the loan based on the information and data collected; Assess credit risk based on the above statistical and financial analysis, and create action plans to assist clients in obtaining suitable mortgage programs; Price loans based on the credit risk, loan-to-value ratio, and other loan and credit parameters utilizing VBA and Microsoft Access;
- Develop loan-level databases and reports to analyze and monitor the performance of Agency and Non-Agency loans on a real-time basis using VBA, Access or SQL, and/or other web-based programming languages; Prepare regular credit and loan consumption reports for management’s review;
Develop and generate monthly report based on monthly performance including measurements for timeliness, production goals, compliance report and customer satisfaction surveys.
- Maintain the knowledge of current related laws and regulations;
Monitor the loan compliance process, issue and review loan term and cost disclosures required by federal and state regulatory authorities to borrower; Ensure the all the disclosures are complete, accurate and compliant to company policies and government regulations; and Work with state regulating authorities to complete audit process to make sure the documentation and disbursement completeness.
Education requirement: Must have a bachelor’s degree or higher degree in Finance or a related field
Experience: It is entry-level. No job experience is required.
LOCATION: The workplace is inIrvine, CA.
TO APPLY: Please send your resume to Tiger Loans, Inc., 780 Roosevelt, Ste 120, Irvine, CA 92620.