 Lock Desk Analyst
 Lock Desk Analyst
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Salary Not Disclosed
1 Vacancy
Job Description
Job Title- Lock Desk Analyst
Project Location Jackson Heights New York onsite
Duration- Fulltime
Visa- USC/ GC
Must have Valid LinkedIn profile.
2 rounds of interviews video screen then in person.
Candidates must also be local to the area
Job Description-: The Locks Desk Analyst will execute consumer rate locks and act as a liaison to origination including rate lock policies and procedures.
Must have a general understanding of compliance along with comprehension of agency and investor guidelines.
Primary responsibilities include but are not limited to:
- Fulfills incoming rate locks extension and reprice requests in product pricing and eligibility platform.
- Document and obtain management approval of all exception pricing requests.
- Update buy side and sell side pricing on secondary registration on Encompass.
- Review verify and provide price quotes for Agency Jumbo Non-QM and Portfolio to sales personnel
- Verify investor and product eligibility prior to confirming rate lock.
- Produce daily salable and portfolio products rate sheet and distribute it bank-wide
- Validating margins and product offering on the product pricing and eligibility platform.
- Produce daily reports on loans pending sale and mark to market report
- Manage timelines for rate lock expirations and extensions.
- Oversee adherence of secondary and rate lock policies and procedures
- Assist in evaluating Fair Market Value of Interest Rate lock Commitment
- Prepare and provide daily Loans Pending Sale report for managements review
- Assist in finalizing the profit and loss by the various cost centers and loan officers
- Prepare and maintain the reporting sales commissions and present to management for approval
- Evaluate originator and TPO efficiency. Track pull through profitability tied to secondary ROI
- 1 years Lock Desk experience required on a Lock Desk and/or Mortgage-Backed Securities
- Understanding of interest rate dynamics and MBS pooling.
- Detail oriented with a high degree of accuracy.
- Proficiency with MS Excel Word.
- Ability to work with a high degree of accuracy in a fast-paced work environment.
- Strong interpersonal skills and ability to communicate effectively with sales and operations staff as well as investors.
- Meet expectations for attendance and punctuality.
Employment Type
Full-time
