What are the responsibilities and job description for the Mortgage Backed Securities Analyst position at Movement Mortgage, LLC?
Join the company defining what it means to be an Impact Lender! Mortgages are what we do, but that doesn't define who we are. In 2008, Movement disrupted the industry with the innovative 6-7-1 mortgage process. In 2023, we pioneered again, helping launch Impact Lending – a new category of lending. Any mortgage lender that commits at least 10% of its profits to helping the neighborhoods it serves is an Impact Lender. At Movement, we are Impact Lenders. We give 40%-50% of our profits to making an impact in our communities. For us, purpose and people have always come before profit. POSITION OVERVIEW In this role, you will be responsible for determining the allocation of loans and the creation of MBS pools within the 3 main investor websites Fannie Mae, Freddie Mac and Ginnie Mae. ROLES AND RESPONSIBILITIES Conventional Loans Determine the eligibility of all conventional loans in both Fannie Mae and Freddie Mac’s loan delivery systems. Run all potentially FNMA eligible LP loans through Early Check® and/or indicative pools in Fannie Mae’s Loan Delivery system. Run all potentially FHLMC eligible DU loans through Loan Quality Advisor ® system in Freddie Mac’s loan delivery system. Update Internal QRM to reflect information provided by FHLMC and FNMA’s Pricing & Execution systems on the creation of contracts/pools. Government Loans Review the pipeline of recently closed government loans to prepare them for pooling days. Import all loans into Ginnie Mae’s SFPDM system and ensure accuracy of data between all 3 systems (Loan Delivery, Mortgage Director and QRM) REQUIRED SKILLS AND QUALIFICATIONS Bachelor’s degree from a four-year institution plus at least 2-3 Years experience in a financial role or equivalent mortgage origination or post-closing experience. PREFERRED QUALIFICATIONS Proficient in Microsoft Office software particularly Excel and SQL. Experience with Mortgage Director software a plus. Experience with QRM-MB a plus. Strong attention to detail, highly organized with the ability to interact with Capital Markets Managers and teammates. PHYSICAL REQUIREMENTS 100% in office at MM HQ Indian Land – Direct Report to SVP Capital Markets The expected salary range for this position is between: $55,557.00 - $74,000.00 The range for the position in other geographies may vary based on market differences. The actual compensation will be determined based on experience and other factors permitted by law. We also offer a benefits package that includes: Competitive pay Benefits Offered: Medical, Dental, Vision, Life, Disability, Critical Care, Hospitalization, HSA, FSA, DCFSA and QTE Retirement plan: 401(k) and Roth Paid Time Off: 16 days front loaded. Prorated based on the start date month 11.5 paid holidays per year Employee assistance program Excellent career growth opportunity Fun, team-focused working environment Employee driven community outreach program The application window is anticipated to close on: April 15, 2024 We’re definitely not your average mortgage company. When you’re ready to grow your career AND your impact, we’re ready for you. We’re also one of the nation’s top lenders and are redefining corporate culture. We work hard, we have fun, we invest in our people and we make a difference. Sound like a plan? Good. Learn more at www.movement.com. We are committed to being a Movement of Change in the mortgage industry, in corporate cultures and in communities – our mission to love and value people drives everything we do.
Salary : $55,557 - $74,000
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