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. We recruit, employ, train, compensate, and promote without regard to race, religion, color, national origin, age, sex, disability, veteran status, or any other basis protected by applicable federal, state, or local law.

THIS JOB DESCRIPTION IS SUBJECT TO CHANGE AT ANY TIME.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.