What are the responsibilities and job description for the Mortgage Rate Lock Desk Pricing Analyst position at Sunflower Bank NA?
Description
Scottsdale, AZ
MUST HAVE: 1-2 years of prior mortgage experience.
Mortgage Lock Desk Experience preferred.
Ability to research and resolve issues independently.
Excellent verbal and written communication skills.
Sunflower Bank, N.A. is looking for an energetic, highly motivated individual to fill the position of a full-time Mortgage Rate Lock Desk Pricing Analyst at our Scottsdale, AZ location. The primary responsibility for this position will be to support the Lock Desk by processing rate locks, completing change request, handling extensions, and validating current locks, while adhering to and enforcing rate lock policies. In this role, the individual will be processing new rate, extension, hedged and best effort lock requests received from loan officers and will be conducting analysis and testing.
- Processes new rate lock requests as submitted by loan officers through Encompass (pricing engine is Optimal Blue)
- Processes rate lock extensions and other changes to loan characteristics and ensures any pricing considerations are addressed
- Ensures pricing for all locks is correctly recorded in system
- Processes requests for both hedged (mandatory/AOT) and best efforts locks
- Conducts preliminary ATR/QM analysis to ensure all loans do not exceed the Points and Fees test for Qualified Mortgages
- Performs data entry for all mandatory loan sales and updates investor information (commitment number, investor loan number, delivery date, pricing, etc.)
- Utilizes information in Encompass to assist loan officers in selecting appropriate product and pricing
- Communicates rate lock expiration reports to Branch Managers to ensure all active mandatory locks remain in the hedge (or best efforts locks are extended) or any inactive locks are canceled · Assists post-closing department with any revisions to locks necessary to facilitate getting loans purchased
Education / Experience Preferred:
- At least a High School Diploma or a GED for an accredited institution
- Prior experience in a lock desk pricing capacity
- Encompass software experience
- Expert knowledge in mortgage loans, programs, and pricing processes and procedures
- Exceptional customer service and communication skills
- Prior Experience with Encompass is preferred
- Prior experience with Optimal Blue is preferred
Pay is dependent on knowledge, skills, abilities, experience, and location.
Sunflower Bank Benefits
Employees enjoy outstanding benefits, including:
- 401(k) Plan with 6% Match
- Health/Dental/Vision Insurance
- Company-paid Life Insurance
- Tuition Reimbursement
- Fitness Reimbursement
- Paid Time Off
- Volunteer Leave
- Paid Holidays
- Plus many more employee perks & incentives!
People choose to “bank” with us, but for those we serve, we’re more than a bank. We strive to be the financial backbone of their lives and we know that starts with our team.
If you qualify, apply online at www.sunflowerbank.com/careers.
You’ve never worked anyplace like Sunflower Bank!
EOE/AA: Minorities/Females/Disabled/Vets
We accept applications on an ongoing basis until the role is filled. There is no fixed deadline to apply.
If you are a California resident, you may be entitled to certain rights regarding your personal information, which is information that identifies, relates to, or could reasonably be linked with a particular California resident or household. Additional information about our data collection practices and location specific notices is available on our privacy policy.
Scottsdale, AZ
MUST HAVE: 1-2 years of prior mortgage experience.
Mortgage Lock Desk Experience preferred.
Ability to research and resolve issues independently.
Excellent verbal and written communication skills.
