Fabrice Omankoy

Key Responsibilities of a Credit Analyst (Residential Home Purchases)

Assess Loan Applications:

• Evaluate and process loan applications for residential home purchases.
• Analyse financial documents to determine borrower’s creditworthiness.
• Conduct thorough due diligence on applicants, ensuring they meet lender’s risk criteria.
  

Income Assessment & Verification:

• Review and assess various income structures, including:PAYG (Pay As You Go) salaried employees.
• Self-employed individuals (including tax returns, BAS, and financial statements).
• Trust income and distributions.
• Company-based income structures.
  Ensure all documentation is compliant with lending guidelines and assess the sustainability of income sources.
  

Risk Assessment & Loan Structuring

• The overall risk of lending, considering factors like borrower’s credit history, income stability, and property valuation.
• Advise on suitable loan structures, repayment plans, and conditions based on the borrower’s financial profile.
  

Loan Size & Complexity

• A broad range of loan sizes, from average residential loans (approx. $700k) to more complex high-value loans ($6 million).
• Apply risk mitigation strategies for high-value loans and ensure proper documentation and due diligence for larger transactions.
  

Assess Car Loan Applications:

• Review and analyse applications for car finance, including both personal and commercial vehicle loans.

• Evaluate applicants' financial profiles to determine eligibility for financing based on creditworthiness and lending guidelines.

• Assess loan terms, repayment plans, and other financing options tailored to the customer's needs (e.g., hire purchase, personal loans, leases).

Income and Creditworthiness Evaluation:

• PAYG (salaried employees).
  Self-employed individuals (including analysis of tax returns, financial statements, and BAS).
  Trust and company income structures.

• Verify credit reports and history to assess potential risk, using tools like credit scoring systems and other relevant data.

• Ensure all required documentation (proof of income, employment, etc.) is complete and accurate.

Ongoing Client Relationship Management:

• Maintain regular communication with existing customers to assess satisfaction with current mortgage products, address concerns, and suggest potential product switches or refinancing options.

• Offer advice on how to manage mortgage repayments and take advantage of new products or rate changes.
  

Refinancing & Loan Restructuring:
Identify Refinancing Opportunities

• customer portfolios to identify potential opportunities for refinancing based on changes in interest rates, financial goals, or life events (e.g., buying a new home, paying down debt).

• Provide tailored refinancing solutions to improve customer financial outcomes, reduce monthly payments, or access additional funds.
  
  Loan Restructuring

• customers on restructuring existing loans for better alignment with their financial goals, such as modifying repayment schedules, consolidating debt, or switching loan types (e.g., from interest-only to principal-and-interest).