Correspondent Associate Credit Analyst

Citi; New York (NY); On-site; USD 53,600 - 74,800; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k)

Paid time off

Job summary

Citi is seeking a Correspondent Associate Credit Analyst in New York, NY. This pivotal role involves serving as the main contact for Correspondent Lending clients and ensuring the timely resolution of suspense conditions. The position demands strong problem-solving abilities, attention to detail, and exceptional communication skills.

A Bachelor’s degree and 3 years of mortgage industry experience are required. The salary ranges from $53,600 to $74,800, with benefits including medical coverage and paid time off.

Qualifications

• Minimum 3 years of mortgage industry experience.
• Experience with FNMA and FHLMC underwriting requirements.
• Strong written and verbal communication skills.

Responsibilities

• Serve as a single point of contact for Correspondent Lenders.
• Review and clear income, asset, and credit documentation.
• Monitor, maintain, and manage a daily pipeline.

Skills

Mortgage industry experience

Knowledge of FNMA and FHLMC underwriting requirements

Strong communication skills

Analytical skills

Ability to manage competing priorities

Education

Bachelor’s/University degree or equivalent experience

Job description

Correspondent Associate Credit Analyst

Job Overview

The Associate Credit Analyst position is a pivotal role, serving as the dedicated single point of contact for Correspondent Lending clients. The primary goal of the Associate Credit Analyst is to assist the Correspondent Lenders in clearing suspense conditions and identifying bottlenecks that would delay their pipelines from being purchased timely. This critical position significantly contributes to maintaining Citibank’s commitment to superior credit quality, an outstanding customer experience, and operational excellence. It requires a highly detail-oriented individual with strong problem solving abilities, exceptional communication skills, and a dedication to client advocacy in a fast-paced lending environment.

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Key Responsibilities

• Serve as a single point of contact for Correspondent Lenders, providing guidance and support throughout the suspense condition resolution process.
• Review and clear income, asset, and credit documentation submitted to address suspense conditions in accordance with both Agency and Non-Agency guidelines.
• Monitor, maintain, and manage a daily pipeline, ensuring adherence to service level agreements and timely completion of reviews.
• Review mortgage documentation from application through closing with comprehensive knowledge of the end-to-end origination process.
• Ensure compliance with regulatory requirements, including RESPA and TILA.
• Deliver exceptional customer service by working through rebuttals, escalations, and scenarios submitted by the Correspondent Lender.
• Support Account Executives by contributing to client-relationship strategies and maintaining strong working partnerships with Correspondent Lenders.
• Complete a pre-funding review to assist with purchasing loans.
• Maintain production and quality standards as defined by the business.

Qualifications

• Minimum 3 years of mortgage industry experience
• Experience with FNMA and FHLMC underwriting requirements
• Strong written and verbal communication skills
• Ability to manage competing priorities in a fast-paced environment
• High attention to detail and strong analytical skills

Education

• Bachelor’s/University degree or equivalent experience

Salary

$53,600.00 - $74,800.00

Benefits

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental and vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

Equal Opportunity Employment Statement

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.