Secondary Market Analyst

Overview
Responsible for first mortgage pipeline management and reporting.

Duties and Responsibilities
The following reflects management’s definition of essential functions for this job but does not restrict the tasks that may be assigned. Management may assign or reassign duties and responsibilities to this job at any time due to reasonable accommodation or other reasons.

Interact with the Bank’s pricing engine to maintain effective flow of information.

Effectively manage the Bank’s first mortgage pipeline through detailed reporting / monitoring.

Process all new loan locks received from the mortgage sales team.

Secure new locks timely and report information accurately.

Monitor market movement and provide timely information to department management and sales team.

Work closely with residential staff including processing, underwriting and closing to provide timely updates on changes.

Secure Best-Effort lock commitments based on the Bank’s margins.

Provide accurate log entries

Communicate with lending partners to gain extensions, changes or relocks.

Monitor market movements and assist in pipeline hedging strategies

Ensure adherence to lock policies and investor guidelines to maintain profitability.

Communicate investor pricing policies and guidelines to internal teams.

Qualifications and Required Skills

High school diploma or equivalent required.

Minimum 2 years of related experience required.

Encompass and Optimal Blue PPE proficiency strongly preferred.

Basic understanding of mortgage banking / loan pricing.

Knowledge of secondary market guidelines including government-sponsored enterprise ("GSE")/ Federal Housing Administration ("FHA").

Experience working with third party lenders and pricing services.

Excellent written and verbal communication skills.

Working Conditions
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Regular attendance and punctuality are essential functions of every job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform essential functions.

Perform routine and typical tasks of an office such as typing, taking notes, reading/reviewing, computer work, filing, copying, answering phones, etc. that may require employee to view, stand, stoop, kneel, or crouch and lift.

The successful candidate will be required to prove on the first day of work that they are legally authorized to work in the U.S. The Bank will not sponsor a candidate for a visa or for work authorization.

#J-18808-Ljbffr