What are the responsibilities and job description for the Secondary Marketing Lock Desk Analyst position at Southwest Funding?
SUMMARY
The Secondary Marketing Lock Desk Analyst ensures residential real estate loans meet all pricing criteria while assisting to manage associated risks. This position also includes many variables involved in reviewing and verifying of price quotes and lock requests. Must manage configuration, operation and maintenance of the lock desk’s strategy and pipeline positions.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
- Lock loans in Pricing Engine and Loan Origination System.
- Work with production line partners on product and pricing.
- Maintain target branch and corporate margins.
- Solve pricing discrepancies
- Pipeline Price Integrity Checks
- Monitor market movement for possible price changes and maintain an up-to-date knowledge base of current events.
- Research, manage and execute all aspects of daily lock line flows.
- Maintain in-depth knowledge of loan programs and guidelines in order to assist teammates in the field, helping them operate within policies and guidelines.
- Collaborate with production on individual loan scenarios; assist in assigning proper loan program based on established pricing and guidelines.
- Act as an escalation point for issues.
- Work closely with Secondary Marketing Manager and CSO to facilitate any necessary system changes and/or updates.
- On demand Ad hoc reporting as required by department or management.
- Accept, review, and price off sheet requests as needed
- Maintains relationship with Secondary Marketing Manager and Investor to make sure live pricing is accurate and timely
EDUCATION AND/OR EXPERIENCE
4 Year Bachelor’s Degree preferred but not required. 1-3 years mortgage banking experience preferred but not required. Excellent customer service skills, written, negotiation and communication. Strong attention to detail and analytical skills a must.