Secondary Marketing Lock Desk and Analytics Specialist

The Secondary Marketing Lock Desk and Analytics Specialist will be responsible for the day-to-day duties of the rate lock desk and periodic analytical reports as a part of the mortgage department. Primary responsibilities are:

·         Reviewing, processing, locking, extending, and revising mortgage loan rate lock requests, and

·         Developing and generating mortgage department analytics to be shared with senior executives of the Bank, and

·         Performing ad hoc duties assigned while maintaining a customer service focus in an extremely fast, multi-tasking, and deadline-driven environment.

·         Lock, update, and extend loans in investors’ websites, the mortgage pricing engine, and the loan origination system (LOS)

·         Maintain the pricing engine with desired investors, products, and gain-on-sale margin.

·         Ensure that secondary marketing locks submitted by loan officers meet the Mortgage Department’s required profit margin.

·         Ensure that revisions to loans are re-priced to meet margin by monitoring pricing and appraisal alerts in the LOS. Notify the Disclosure Desk and Loan Officer of revised pricing.

·         Record pricing exceptions and revenue leaks including extension fees and secondary marketing operating errors, in the appropriate logs. Ensure that pricing exceptions have been approved per Mortgage Policy

·         Process investor purchase advices ensuring accuracy. Upload and input data into LOS and into Gain on Sale log.

·         Write and maintain job duty procedures.

·         Support Loan Officers with pricing scenarios and questions.

·         Transfer purchased loans in MERS and assist supervisor with quarterly reconciliation reviews between the servicing and MERS systems.

·         Perform SOX reviews ensuring that new borrower data input into the servicing system is accurate. Document review in ImageCentre.

·         Develop and generate extensive reporting and analytics for the mortgage department to be shared with executive leadership and the Bank’s Board of Directors.

·   Bachelor’s degree in business or related field and 3-5 years of mortgage banking experience, or an equivalent combination of education and experience.

·   Knowledge of rate desk workflow and lock related systems.

·   Intermediate to advanced knowledge of Microsoft Excel

·   Effective oral and written communication skills.

·   Ability to compute basic to moderately complex math calculations.

·   Proficiency in using personal computers and office products (e.g., Word, Excel, PowerPoint). 

·   Ability to multi-task.

·   Experience using Encompass and Optimal Blue preferred.

**This is not a remote position, employee will be reporting to the Lexington office