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HCD Loan Analyst at City of Memphis

Memphis, Tennessee, United States -

Full Time

Start Date

Immediate

Expiry Date

28 Apr, 26

Salary

73985.0

Posted On

28 Jan, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Loan Processing, Underwriting, Financial Analysis, Government Regulations, Credit Checks, Loan Repayment, Bid Document Review, Applicant Assistance, Payment Monitoring, Loan Approval, Contract Review, Escrow Calculation, Loan Classification, Communication, Data Analysis, Pre-Qualification Interviews

Industry

Government Administration

Description

Salary Range: $49,001.94 - $73,985.60 Works under the direction of an assigned supervisor in Housing and Community Development (HCD) to process, review, and approve loan applications and/or contracts for various programs. Underwrites loan applications per guidelines. Calculates loan repayment with interest, escrow and recommended loan approval. Accepts and reviews bid documents to prepare formal application and submit for approval. Determines loan amount and computes interest and payments as required. Interprets government regulations and ensure applications comply with funding agency guidelines. May classify collectible and uncollectible loans through federal, state, and local sources. Makes recommendations to management regarding uncollectible loans. Assists loan applicants during various stages of the process and through the one-year warranty period. Conducts detailed analysis via computer of applicant's financial statements to determine feasibility of granting the loan. Conducts pre-qualification interviews with applicant to determine if basic qualifications are met. Performs credit checks on applicant by contacting credit bureau as needed. Communicates government regulations and program guidelines to applicant. Contacts all applicants to set up repayment plans if necessary. Reviews and monitors payments and expenditures for loan purposes. Reviews and analyzes accounts to determine if sufficient funds are available to pay premiums and taxes if applicable. Collects funds for various types of payment accounts.

Responsibilities

The HCD Loan Analyst processes, reviews, and approves loan applications and contracts for various programs. They conduct financial analysis and ensure compliance with government regulations.