Secondary Market Specialist

Secondary Market Specialist

First Neighbor Bank is an employee-owned, community-oriented company that offers a fun, family-focused atmosphere, great company culture and an excellent benefits package!

About the Role

First Neighbor Bank is seeking a detail-oriented and motivated Secondary Market Specialist to join our Mortgage Department. This role is responsible for overseeing the operational functions of our secondary market program, ensuring accurate and timely delivery of mortgage loans to FHLMC (Freddie Mac), and supporting compliance with all regulatory and organizational policies. This position will require initial training held in Greenup, IL. You will be offered great benefits such as Medical, Dental, Vision, 401(k), Life Insurance, Competitive Salary, Paid Time Off, Employee Discounts, and an Employee Stock Ownership Plan. With a competitive pay rate of $19-$23 per hour, this position offers a fantastic opportunity for your career in banking.

Key Responsibilities

• Manage all operational functions of the secondary market program.
• Ensure timely and accurate delivery of mortgage loans sold to FHLMC.
• Complete and review all FHLMC reports, remittances, and payments.
• Oversee post-closing reviews and monitor servicing fee collections.
• Partner with Loan Officers and the Mortgage Department to resolve issues related to selling or servicing loans.
• Review files prior to closing to confirm FHLMC underwriting standards are met.
• Verify payment processing for accurate reporting to FHLMC.
• Assist with other Mortgage Department tasks as needed.
• Promote bank services and products, make referrals, and participate in community events.

Qualifications

What We're Looking For

Why Join Us?

At First Neighbor Bank, we believe in building strong relationships-with our customers, our communities, and our team members. We offer opportunities for growth, a supportive workplace culture, and the chance to make a difference both in banking and in the community.