Summary
The position is responsible for ensuring accurate pricing on all mortgage loans and assisting with the management of the pipeline and interest-rate risk.
Duties & Responsibilities
- Process lock requests from loan officers and ensure accurate pricing before granting the request.
- Review all investor's guideline updates and disseminate information to appropriate management, staff and LO's.
- Daily analysis of all investor rates upon morning releases and any updates throughout the day.
- Daily update & production of rate sheets to all staff and LO's within guidelines and margins as set by management.
- Work with LO's in determining pricing scenarios and negotiating price adjustments as necessary within the parameters as set by management.
- Contact and facilitate error resolution with investors as needed.
- Promotes honest and open communication throughout the organization.
- Demonstrate behaviors that are consistent with the organizations' values, philosophies, and leadership characteristics.
- Other duties as assigned.
Requirements
- Ability to communicate effectively in writing and orally.
- Extensive knowledge of FNMA, FHLMC, GNMA and other secondary market pricing and eligibility requirements.
- Ability to resolve interpersonal conflict and miscommunications.
- Keenly aware of timing to fulfill required deadlines
- Knowledge of spreadsheet software and ability to use word processing software.
- Ability to maintain a high level of confidentiality.
- Must be able to be bonded.
- Must be self-motivating and task oriented.