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Golden 1 Credit Union · 1 month ago

Consumer Direct Lending Ops - Consumer Credit Analyst III (Remote in California)

United States

Full-time

Remote

Senior Level

$37.23/hr - $40/hr

7+ years exp

Golden 1 Credit Union is committed to delivering financial solutions with value and exceptional service. The Consumer Credit Analyst III is responsible for performing risk analysis for consumer loans, reviewing applications, and making informed lending decisions while mentoring less senior analysts.

BankingFinanceFinancial Services

H1B Sponsor Likely

Responsibilities

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 a backup in absence of Supervisor

Perform other Lending duties as assigned

Qualification

Consumer loan underwritingCredit analysisRisk analysisAutomated loan origination systemFinancial statements analysisAnalytical skillsInterpersonal skillsLeadership abilitiesAttention to detailCommunication skills

Required

Successful completion of High School curriculum is required

Minimum 7 year in consumer lending, in a judgmental lending environment where LOS is used as a guide to make decisions

4 years of experience reviewing, analyzing, evaluating loan applications and rendering judgmental decisions

Strong analytical, organizational skills and attention to detail

Ability to calculate figures and amounts

Ability to use logical reasoning when interpreting facts and make objective observations, examinations, evaluations and recommendations

Remain knowledgeable on key trends in the financial services industry that impact loan quality and underwriting

Solid interpersonal, oral and written communication skills to build and maintain professional relationships with originator and members

Good leadership abilities

Extensive knowledge of consumer loan underwriting, credit analysis and reporting

Possess a high degree of integrity to use judgment to make appropriate and fair lending decisions on behalf of the credit union

Comprehensive understanding of both branch and indirect credit union lending policies

Ability to sell and promote product lines, and back up lending decisions in a way that enhances originator relationships

Time and queue management skills to effectively prioritize multiple objectives

Intricate understanding of regional lending market conditions and collateral values

Understand the use of the automated loan origination system

Operate on standard Microsoft programs and other computer operations

Stay up to date on changes within the department, organization, industry and current market conditions

Must work well in a fast paced and flexible production-oriented department

Analytical skills to include reviewing and understanding complex paystub and personal and corporate tax return documents

Preferred

Associates degree is preferred

Company

Golden 1 Credit Union

Glassdoor3.3

Golden 1 Credit Union is a financial cooperative that offers checking, savings, home loan, investment, insurance and online services.

Founded in 1933

Sacramento, California, USA

1001-5000 employees

https://www.golden1.com/

H1B Sponsorship

Golden 1 Credit Union has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2024 (1)

2022 (1)