Secondary Market Specialist
North Shore Bank, Goerkes Corner, WI, United States
Job Location: 15700 W Bluemound Rd, Brookfield, Wisconsin
Position Type: Full-Time/Regular
SUMMARY The Secondary Market Specialist is responsible for shipping and funding of all sold loans, including balancing appropriate general ledger accounts to ensure fundings are in balance and tracking loan pricing scenarios through various databases. The Secondary Market Specialist also answers Loan Originator pricing inquiries and locks loans as needed with the appropriate investor.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Answers all pricing and loan decision questions via central Lock Desk.
Registers all loans in the appropriate software systems.
Locks loans as required with the appropriate investor, extends interest rates, and informs investors of any changes to the loan during process.
Posts closes loan files, follows up on final title and recorded documents, and completes document scanning for record retention.
Ships loan documents to investors and delivers applicable loan data via the appropriate selling system.
Completes note endorsement, assignment and registration into MERS.
Conducts accurate processing, accounting and system updates for loan sale funding.
Prepares rate sheet on a daily basis and uploads to North Shore Bank website.
Reconciles general ledger accounts.
Works closely with Mortgage Loan Processing/Closing and Underwriting departments to clear any funding exceptions.
Stays abreast of secondary\...
EEO STATEMENT Employment selection and related decisions are made without regard to race, ethnicity, religion, gender, sexual orientation, national origin, age, disability, genetic history, marital status, military or veteran status, or any other characteristic protected by law.
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Position Type: Full-Time/Regular
SUMMARY The Secondary Market Specialist is responsible for shipping and funding of all sold loans, including balancing appropriate general ledger accounts to ensure fundings are in balance and tracking loan pricing scenarios through various databases. The Secondary Market Specialist also answers Loan Originator pricing inquiries and locks loans as needed with the appropriate investor.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Answers all pricing and loan decision questions via central Lock Desk.
Registers all loans in the appropriate software systems.
Locks loans as required with the appropriate investor, extends interest rates, and informs investors of any changes to the loan during process.
Posts closes loan files, follows up on final title and recorded documents, and completes document scanning for record retention.
Ships loan documents to investors and delivers applicable loan data via the appropriate selling system.
Completes note endorsement, assignment and registration into MERS.
Conducts accurate processing, accounting and system updates for loan sale funding.
Prepares rate sheet on a daily basis and uploads to North Shore Bank website.
Reconciles general ledger accounts.
Works closely with Mortgage Loan Processing/Closing and Underwriting departments to clear any funding exceptions.
Stays abreast of secondary\...
EEO STATEMENT Employment selection and related decisions are made without regard to race, ethnicity, religion, gender, sexual orientation, national origin, age, disability, genetic history, marital status, military or veteran status, or any other characteristic protected by law.
#J-18808-Ljbffr