Description

The Secondary Market Analyst’s primary responsibility is to monitor the lock desk email. This entails locking loans with the necessary investors and answering any lock scenario questions in a timely and accurate manner. Lock loans via emailed requests and track all lock expiration dates for correspondent and delegated channels. Verify lock price, investor, and loan level pricing adjustments (LLPA) on all lock requests. Provide appropriate pricing to Mortgage Loan Originators based on different scenarios. Reprice locked loans based on applicable changes throughout the loan process. Follow up on expiring locks and extend or cancel as needed. Input data accurately and efficiently into Loan Origination System. Stay informed of investor requirement changes and ensure adherence to all applicable guidelines. Perform related duties as assigned/required.

Qualifications

Education/Skills:

Minimum HS graduate, some college/college degree desirable.

Work Experience:

2-3 years' experience working in secondary mortgage market positions and demonstrate knowledge and ability to perform secondary marketing requirements, be proficient in computer skills and adaptable to a changing technical environment.

Physical Demands:

This position requires sitting at a desk for long periods of time and operating a computer, ability to lift files, open filing cabinets, bending, stooping or standing as necessary.