Credit Specialist
Premium Merchant Funding
New York, NY
06.2023 - 06.2023
- Identified valuable solutions for customers with credit problems.
- Frequently reviewed and checked credit limit appropriateness for customers.
- Partnered with customers by using effective communication skills to boost payment process.
- Prepared and submitted loan applications to underwriters.
- Collected and checked borrower income, credit history and employment information.
- Recommended approval or disapproval of different loan types based on established criteria.
- Analyzed and prepared existing borrower reports and reviews to track repayments and compliance with loan agreements.
- Followed banking requirements and government lending regulations.
- Cultivated and maintained comprehensive industry knowledge to assess risk solutions and maximize returns.
- Examined collateral to establish market value and assessed repayment capacity using secondary revenue sources before loan approval.
- Determined credit approval based on financial standing, credit records and payment history.
- Met with credit applicants to acquire personal and financial information used to process credit report.
- Reviewed accounts for signs of fraud and non-payment issues.
- Forecasted credit needs and client payment abilities to support accurate and effective decision-making.
- Contacted customers to notify of delinquent payments and resolve.
- Verified applicants' references pertaining to employment, health history and social behavior.
- Examined city directories and public records to verify residence property ownership, bankruptcies and liens.
- Determined resources required to achieve successful software conversion and validation upgrade.
- Verified current and historical residences, property ownership and various types of debt by accessing public records and directories.
- Kept detailed reports of client and account data, consistently updating database with latest information.
- Assessed risks and application details for clients to compare data against standard loan approval and denial structures, minimizing risk and maximizing business returns.
