Senior Lock Desk Coordinator

Salary Range: $80,000 - $105,000

 

PRIMARY RESPONSIBILITY:

The Senior Lock Desk Coordinator is responsible for daily pricing and lock management 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:


* Oversee the day-to-day Secondary Market pricing and lock desk functions including:
+ Manage rate lock extension and relock requests
+ Manage lock reprices for changes and updates to loan and program parameters
+ Generate daily mortgage rate sheet and publish internally
+ Assist with reporting and tracking related to pricing and profitability
+ Assist Sales Team members on loan scenario reviews; including providing feedback on program and product eligibility and potential pricing options to ensure optimal deal flow


* Administration of the mortgage product and pricing engine (PPE)
+ Ensure loan data and pricing accuracy between PPE and investor rate sheets for all saleable products
+ Ensure bank’s MSR pricing is accurate across servicing retained products
+ Ensure bank’s margin structures, overlays, and lock policies are maintained within system
+ Analyze investor pricing and make rate/price update recommendations to management as appropriate
+ Manage system updates and perform issue analysis; including identifying root causes, managing vendor escalations, and providing timely resolutions.


* Analyze market trends, interest rate movements, and investor guidelines to determine optimal pricing strategies to support Sales Team while maintaining profitability metrics.


* Maintain strong knowledge of investor requirements and changes as they relate to loan sale.

Provide regular and timely updates to department on any investor program changes.


* Provide initial and ongoing training to Sales Team on pricing policy, procedures, and systems.


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

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


* Provide back up for hedge reporting reconciliations and loan commitments


* Maintain up to date knowledge of mortgage regulations.


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


* Serve as back up for investor purchase advice reconciliation.


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


* Manage mortgage related projects and initiatives as directed by management.


* Actively participate in demonstrating the behaviors outlined in The GRB Experience.


* Other duties as assigned.

EDUCATION AND EXPERIENCE:

Bachelor’s Degree (Finance p...