1+ months

Secondary Market Analyst

LIC - HQ
Long Island City, NY 11101
  • Job Code
    120055077

Overview

Responsible for participating in daily pricing and the execution of the profitability strategy of UNFCU mortgage products. Assist in the management of the investor, agency and vendor relationships associated with the development, pricing, securing, and selling of mortgage products. Responsible for creating, maintaining, and distributing the daily retail rate sheets. Assist in analyzing and managing interest rate and credit risk for mortgage loans related to maintaining loans in portfolio and selling loans into the secondary market. Participate in investor reporting requirements, including annual updates.



Responsibilities

  • Prepare, maintain, and publish daily rate sheets including maintenance of Intranet and Mortgagebot/UNFCU Mortgage Centre site (UNFCU.org). Ensure distribution to all appropriate channels.
  • Perform lockdesk functions such as validate, accept, change, extend, and maintain all lock-in records.
  • Monitor compliance with each secondary agencys policies, guidelines and procedures. Interpret investor guidelines and apply them to the development of products, underwriting, and loan policies to ensure the saleability of loans in the secondary market.
  • Maintain open communication and assist in the coordination of sales activities with Accounting, Mortgage Operations and Underwriting Departments to ensure saleable profitable loans.
  • Assist in providing training to staff.
  • Assist in the preparation of reports for Senior Management.
  • Assist as a liaison between UNFCU and investors.
  • Assist in the sale of mortgage loans, ensuring best execution in the secondary market.
  • Survey, analyze, and recommend, on a daily basis, interest rate changes to all products, as required and indicated by market and risk conditions.
  • Interact with internal and external audit examiners to discuss loan sale history and risk analysis.
  • Assist with roll out of new products.
  • Support Sales and Operations staff with all pricing related inquiries.



  • Qualifications

    TYPE & AMOUNT OF EXPERIENCE:

    • Bachelors degree or equivalent
    • Prior secondary marketing/lockdesk experience preferred

    TECHNICAL COMPETENCIES:

    • Strong mathematical / analytical skills, deductive reasoning
    • Good working knowledge of Microsoft Excel

    BEHAVIORAL COMPETENCIES:

    • Strong attention to detail
    • Strong customer service skills and excellent oral and written communication skills
    • Able to work well independently and within a team
    • Proficient in multi-tasking and prioritizing
    • Ability to work in a fast paced environment

    WORK ENVIRONMENT/CONDITIONS:

    • Standard office conditions

    In addition to any specific job requirements in connection with Bank Secrecy Act and/or OFAC (BSA), employee must (i) be aware of BSA matters commensurate with the position; (ii) report any suspicious activity to the manager or compliance department; and (iii) satisfactorily complete any required BSA training.



    PI120055077

    Categories

    Posted: 2020-05-02 Expires: 2020-06-02

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    Secondary Market Analyst

    LIC - HQ
    Long Island City, NY 11101

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