What are the responsibilities and job description for the Secondary Marketing Lock Desk Analyst position at Mediabistro?
Position SummaryThe SecondaryMarketing Analyst will be responsible for the day-to-day duties of the ratelock desk as a part of the mortgage department. Primary responsibilities are :
Reviewing,processing, locking, extending, and revising mortgage loan rate lock requests,and
Developingand generating mortgage department analytics to be shared with seniorexecutives of the Bank, and
Performingad hoc duties as assigned while maintaining a customer service focus in anextremely fast, multi-tasking, and deadline-driven environment.Essential Duties andResponsibilities
Other duties may be assigned.)
Lock, update, andextend loans in investors' websites, the mortgage pricing engine, and the loanorigination system (LOS)
Maintain thepricing engine with desired investors, products, and gain-on-sale margin.
Ensure that secondarymarketing locks submitted by loan officers meet the Mortgage Department'sdesired margin.
Ensure thatrevisions to loans are re-priced to meet margin by monitoring pricing andappraisal alerts in the LOS. Notify the Disclosure Desk and Loan Officer ofrevised pricing.
Record pricingexceptions and revenue leaks including extension fees and secondary marketing operatingerrors, in the appropriate logs. Ensure that pricing exceptions have beenapproved per Mortgage Policy
Process investorpurchase advices ensuring accuracy. Upload and input data into LOS and into Gainon Sale log.
Write and maintainjob duty procedures.
Support LoanOfficers with pricing scenarios and questions.
Transferpurchased loans in MERS and assist supervisor with quarterly reconciliation reviewsbetween the servicing and MERS systems.
Perform SOXreviews ensuring that new borrower data input into the servicing system is accurate.Document review in ImageCentre.
Develop andgenerate extensive reporting and analytics for the mortgage department to beshared with executive leadership and the Bank's Board of Directors.
Cross-train on jobduties with the Residential Mortgage Loan Servicing Specialist for business continuitypurposes.Qualifications
Bachelor's degree in business or related field and 3-5years of mortgage banking experience, or an equivalent combination of educationand experience.
Knowledge of rate desk workflow and lock related systems.
Effective oral and written communication skills.
Ability to compute basic to moderately complex mathcalculations.
Proficiency in using personal computers and office products (e.g.,Word, Excel, PowerPoint).
Ability to multi-task.
Experience using Encompass and Optimal Blue preferred.FIRST COMMUNITY BANK (SC) is an EEO employer - M / F / Vets / Disabled
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