Description
The Specialist II, Secondary Market (Pricing) assists in the preparation, maintenance and communication of mortgage loan daily rate sheets in accordance with credit union policy, as well as developing, maintaining and distributing regular Competitor Rate surveys. This role also facilitates and executes transactions related to Participation Loan Sales.
Primary Responsibilities :
- Proactively research, analyze, monitor and report competitive and market mortgage rate data
- Assist Lock Desk with management of pricing revisions on the mortgage loan production pipeline
- Assist with monitoring and tracking target margins applied to rates and prepare loan pricing analysis to provide recommendations for pricing methodologies to achieve profitability targets
- Prepare, monitor and maintain daily pricing of mortgage loans, in alignment with pricing strategies, models and risk parameters; communicate both internally and externally
- Monitor mortgage loan pricing requests from Mortgage team and develop and distribute activity reports as required
- Perform analyses on mortgage loan pricing to identify ROA vs GOS impacts and make magi recommendations to appropriate Committees
- Partner with Capital Markets and leadership to identify potential Participation Program opportunities.
- Lead Participation Pool pricing and bids within established policies, business strategies, and regulatory guidelines
- Research, resolve, validate and communicate operational and systems issues to leadership
- Develop and maintain departmental processes and procedures; identify gaps and recommend improvements
Experience and Education Requirement :
Minimum Education : Bachelor's degree is preferredMinimum 3 years' experience in mortgage lending and secondary marketsStrong knowledge of mortgage lending practices, processes and regulationsAbility to anticipate needs and prioritize projects in a fast-paced environment with tight deadlines and high-volume peaks while producing high-quality workExcellent business communication skills; able to write / speak clearly and professionally for a variety of audiencesAbility to foster strong relationships with internal and external stakeholdersStrong research, analytical and problem-solving skills with excellent attention to detailDemonstrated effective time management skills and the ability to work independently or in a collaborative team environmentBasic knowledge of FHLMC, FNMA and FHA mortgage products and systemsFamiliarity with loan origination softwareWorking knowledge of Microsoft Office SuiteCertification / License : N / ALocation : Hillsboro Corporate Office - Hillsboro, OR 97124
Target Compensation for Hillsboro, OR : $80,000 - $85,000 plus annual bonus
Benefits options include :
Traditional medical, dental, and vision coverage401K matching up to 5% per pay periodAccrue up to 17 days of Paid Time Off your first year of employment11 paid federal holidaysSpecial employee pricing on lending products such as mortgage, auto, and personal loans (eligibility for special employee pricing is subject to standard account requirements and underwriting criteria)What makes First Tech different? Click here to learn more!
First Tech is not currently offering Visa transfer / sponsorship for this position
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