What are the responsibilities and job description for the Lock Desk Coordinator position at BSI Financial Services?
Lock Desk Coordinator @ BSI Financial Services
Join BSI Financial Services as a Lock Desk Coordinator. The BSI Lending Division Lock Desk Coordinators primary responsibilities will include monitoring lock requests in the loan origination system (LOS) and executing lock requests/revisions and extensions as necessary with the applicable investor and/or channel. Additionally, the candidate ensures data integrity in all financial and regulatory reporting systems. The Lock Desk Coordinator will also partner with BSI Secondary to provide accurate pricing to protect company revenue.
WHAT YOU WILL DO:
- Perform lock functions (lock, extent, relock, reprice, cancel) with the Lending team to lock and revise mortgage interest rates with individual investors per the Company pricing model.
- Responsible for tracking all lock expiration dates in retail, correspondent, and broker channels; extend or cancel as necessary.
- Respond to escalation and research requests related to pricing.
- Prepares and analyzes daily data and reports.
- Maintain data integrity within the LOS, Product, Pricing Engine (PPE), and reporting database(s).
- Partner with the Secondary department and investors to ensure accurate pricing tables within the product and pricing engine.
- Assist with system troubleshooting, testing, and enhancements of LOS and PPE.
- Develop training and audit checklists necessary to evaluate loan files for pricing data accuracy, consistency, and completeness.
- Oversees the locked pipeline to ensure loans do not expire before post-closing.
- Responsible for working with Loan Officers and Processors through the life of the loan to validate the accuracy of the pricing as it relates to loan characteristics and ensure the data integrity of lock detail in the loan origination system.
- Update company policies, procedures, or other processes as necessary to reduce risk and contribute to operational efficiency.
- Perform quality reviews for data integrity for loan delivery and regulator reporting purposes.
WHAT WERE LOOKING FOR:
- 2 years of relevant work experience in mortgage loan originations.
- 1 years of experience with EllieMae Encompass loan origination system or Optimal Blue product and pricing engine preferred.
- Leadership experience in the mortgage industry is required;
- Expert understanding of TRID regulatory guidelines as it relates to mortgage loan disclosures.
- Excellent quantitative skills and strong written/verbal communication skills.
- Extensive knowledge of mortgage loans, loan-level data, and mortgage terminology
- Attention to detail, high level of accuracy, and ability to review self-created work.
- Strong analytical skills and mathematical fluency
- Comfortable performing research and analysis
- Time management & the ability to work within strict deadlines
- Professional business communication
- Teamwork orientation
Position Type and Expected Hours of Work
This is a full-time position. Days and hours of work are Monday through Friday, 8:30 a.m. to 5:30 p.m. CST. Additional hours may be required.
WHATS IN IT FOR YOU:
- Opportunities for career growth with a fast-growing company!
- Competitive market wages!
- Full benefits package to include medical, dental, and vision!
- 100% company-paid life insurance and disability coverage!
- 401K with company matching!
- 17 days PTO (increases with tenure)!
- 9 company paid holidays!
- Fun and casual work environment!
EEO Statement
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status, or any other characteristic protected by law.