HCD Loan Analyst (R&D)
ESSENTIAL JOB FUNCTIONS: 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.
OTHER FUNCTIONS: Performs additional functions (essential or otherwise) which may be assigned.
TYPICAL PHYSICAL DEMANDS: Primarily desk work. Requires the ability to operate general office equipment such as a personal computer. Must be able to communicate both verbally and in writing. Requires the ability to read, interpret and apply federal, state and local regulations.
TYPICAL WORKING CONDITIONS: Work is performed in an office environment. Work involves contact with staff and the public.
MINIMUM QUALIFICATIONS: Bachelor's degree in Business or Public Administration, or related field and three (3) years' experience in mortgage or banking processing loans; or any combination of experience or training which enables one to perform the essential job functions. Working experience with Microsoft Office products preferred.
The City Charter requires that City Employees must establish residence within Shelby County within six (6) months from date of Employment. Proof of residence will be required at the time of hire.
The City of Memphis is committed to providing access and reasonable accommodation in its services, programs, activities, and employment for individuals with disabilities. To request disability accommodation in the application process, contact the Office of Talent Management at talent.management@memphistn.gov.
