Mortgage Secondary Market Specialist

Role Overview

• Execute and lock loans as they are submitted.
• Accurately update Encompass and input any new information.
• Determine monthly funding loss and reclaim lost funds.
• Update file information as loans are purchased by investors.
• Assist in day-to-day activities in the Secondary Department.
• Confirm execution of all locks, including subprime Register loans
• Lock extension/change/cancellation requests
• Perform Encompass upload and review of program/rate/ margin/caps/buydown info.
• Perform filing – hedged and correspondent
• Work with Operations Specialist to balance escrow accounts post-purchase from investor
• Maintain individual off sheet pricing
• Maintain processing rates
• Assist with investor funding disputes and follow-up
• Assist with LO pricing and guideline questions
• Other duties as assigned

Requirements

• Minimum of 3 years managing branch operations in a mortgage banking firm or a related field involving real estate lending
• Demonstrated proficiency at business development, funding, underwriting or equivalent areas as determined by company management.
• Excellent written and oral communications skills.
• Ability to analyze operations conditions, take corrective action as required, project results and implement strategies to accomplish goals.
• Ability to quickly identify and adapt to rapidly changing market conditions.