The position is responsible for ensuring accurate pricing on all mortgageloans 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.