Lock Desk Analyst

SALARY RANGE:     $24.04 – $27.88

PRIMARY RESPONSIBILITY:

The Lock Desk Analyst is responsible for daily pricing functions related to the Secondary Mortgage Market.

They will support and provide back-up for loan pricing, pipeline management, and timely delivery and sale of residential mortgage loans to the Bank’s investors.

ESSENTIAL FUNCTIONS:


* Support the day-to-day Secondary Market/pricing functions including:
+ Assist with review and execution of Best Effort and Portfolio lock requests
+ Execute rate lock extension and relock requests
+ Review loan parameter changes for lock updates and reprices
+ Generate daily mortgage rate sheets and publish internally
+ Assist department with reporting and tracking related to pricing and profitability


* Assist with administration of product and pricing engine.

Provide internal support for system, product, and procedural inquiries to department.


* Maintain strong knowledge of GSE and investor requirements and changes as they relate to loan eligibility and pricing.


* Reconcile GSE and investor loan purchase advices and ensure proper loan status within MERS.


* Facilitate the set-up of new loan programs to ensure seamless processing flow and successful loan sale.

Work closely with Management to implement and communicate any operational changes.


* Assist with investor follow up on disputable post close price adjustments and fees; tracking investor fees to identify and address trends.


* Maintain up to date knowledge of mortgage regulations.


* Interface regularly with Loan Originators, Operations staff, and outside vendors.


* Assist in mortgage related projects and initiatives as directed by management.


* Demonstrate the behaviors outlined in the ‘GRB Experience.


* Other duties as assigned.

EDUCATION AND EXPERIENCE:

Bachelor’s degree (Business, Finance, or related field) or the equivalent combination of education and experience.


* Secondary market and/or mortgage industry experience a plus


* Strong attention to detail, critical thinking, and math skills

 

COMPETENCIES:


* Provide a remarkable client experience.

Greet clients with warmth, genuine interest and a smile.


* Lead by example.

Identify current or potential problems, take ownership and see them through to resolution.


* Act as a unified team.

Possess strong interpersonal skills including the ability to proactively communicate with and help others, within and across departments.


* Ability to work independently.

Seek and incorporate feedback on your performance from management, coworkers and clients.


* Demonstrated PC literacy.

 

WORK ENVIRONMENT:  

The work environment is an indoor, climate-controlled office setting.  Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

Genesee Regional Bank is an equal opportunity organization.

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