The Sr. Credit Risk Analyst is responsible providing answers to credit policy and underwriting questions for the underwriting, processing and sales staff. The incumbent must have expert knowledge of lending policies, investor requirements and excellent critical thinking skills. The Mortgage Under IV – Scenario desk incumbent will also review loan files for consistency and provide input into credit policies. The position will carry Underwriter IV lending authority.

Partner with sales and processing to review scenarios and credit related questions, providing clear direction with excellent communication.

Current knowledge of FNMA/FHLMC, FHA, VA and CHFA guidelines, standards and practices

Advanced knowledge of Jumbo and Portfolio products, signing loans up to $1M

Render decisions on complex loan scenarios/escalations

Use critical thinking to offer alternatives and detailed loan analysis

Ability to handle a large volume of requests, while maintaining both turn times and stakeholder expectations.

Advanced mortgage loan appraisal review and complicated tax return analysis skills

Review complex transactions submitted for Loan Committee to provide a clear and detailed analysis for the other members of Loan Committee to enable a decision to be made in a timely manner

Develop and deliver training on policy.

Active participant in the implementation of tools including testing of underwriting and credit related income calculators

Serve as a backup to VA underwriters reviewing and issuing NOV’s when needed

Assist underwriting managers with targeted reviews of staff file

Reports to:

Underwriting Manager


This role does not have supervisory responsibility

Required Competencies:

Managing Work (includes Time Management), Work Standards, Decision Making, Adaptability, Energy, Building Customer Loyalty, Collaborating

Required Education and Experience:

Minimum of five years mortgage loan underwriting experience required including past lending authority for portfolio loans of $1M or greater

Subject Matter Expert in Fannie Mae, Freddie Mac, various investor, FHA, VA and portfolio loan products.

Subject Matter Expert in Self Employed Income Analysis including complex income tax analysis, asset and liability analysis.

Subject Matter Expert on all COVID related policies

Subject Matter Expert in Agency collateral requirements including non-conforming properties and non-warrantable condos

Working knowledge of laws and regulations pertaining to mortgage and consumer lending practices

Basic MS Office skills

Must have FHA DE

Excellent verbal and written communication and presentation skills

Demonstrated ability to make and convey difficult decisions.

Preferred Education and Experience:


Work Environment:

This job operates in an office setting and routinely uses standard office equipment. Elevations uses multi-factor authentication to keep our data safe. As such, a personal smart phone is a requirement for employment with us.

Physical Requirements:

Sitting frequently, walking occasionally, use of hands frequently, hearing constantly, talking frequently, exerting up to 10 lbs. of force occasionally to lift, carry, push, pull, or move objects.

Position Type/Expected Hours of Work:

Full time / 40 hours per week