Secondary Marketing Lock Desk Analyst Location Lexington, SC : Position Summary The Secondary Marketing Analyst will be responsible for the day-to-day duties of the rate lock desk as a part of the mortgage department. Primary responsibilities are:
Reviewing, processing, locking, extending, and revising mortgage loan rate lock requests, and Developing and generating mortgage department analytics to be shared with senior executives of the Bank, and Performing ad hoc duties as assigned while maintaining a customer service focus in an extremely fast, multi-tasking, and deadline-driven environment. Essential Duties and Responsibilities (Other duties may be assigned.) Lock, update, and extend loans in investors' websites, the mortgage pricing engine, and the loan origination system (LOS) Maintain the pricing engine with desired investors, products, and gain-on-sale margin. Ensure that secondary marketing locks submitted by loan officers meet the Mortgage Department's desired margin. Ensure that revisions to loans are re-priced to meet margin by monitoring pricing and appraisal alerts in the LOS. Notify the Disclosure Desk and Loan Officer of revised pricing. Record pricing exceptions and revenue leaks including extension fees and secondary marketing operating errors, in the appropriate logs. Ensure that pricing exceptions have been approved per Mortgage Policy Process investor purchase advices ensuring accuracy. Upload and input data into LOS and into Gain on Sale log. Write and maintain job duty procedures. Support Loan Officers with pricing scenarios and questions. Transfer purchased loans in MERS and assist supervisor with quarterly reconciliation reviews between the servicing and MERS systems. Perform SOX reviews ensuring that new borrower data input into the servicing system is accurate. Document review in ImageCentre. Develop and generate extensive reporting and analytics for the mortgage department to be shared with executive leadership and the Bank's Board of Directors. Cross-train on job duties with the Residential Mortgage Loan Servicing Specialist for business continuity purposes. Qualifications Bachelor's degree in business or related field and 3-5 years of mortgage banking experience, or an equivalent combination of education and experience. Knowledge of rate desk workflow and lock related systems. Effective oral and written communication skills. Ability to compute basic to moderately complex math calculations. Proficiency in using personal computers and office products (e.g., Word, Excel, PowerPoint). Ability to multi-task. Experience using Encompass and Optimal Blue preferred.
