Real Estate Secondary Market Coordinator
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Job Location:
Saint Louis, MI - USA
Monthly Salary:
Not Disclosed
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
Job Title: Real Estate Secondary Market Coordinator
Reports To: Director Secondary Market
People Leader: No
FLSA Status: Non-Exempt
Job Summary
Responsible for administering and optimizing real estate lending systems while coordinating secondary market and portfolio loan activities. This role manages rate setting aligned with budgetary guidance executes loan sale strategies and ensures accurate and timely delivery of mortgage loans to investors. Serves as a liaison between Production and Servicing supporting the funding booking and post-closing review of mortgage and home equity loans. Monitors loan pipelines delivery reports and system data to ensure accuracy compliance and operational efficiency across the real estate lending process.
Job Responsibilities
The intent of this job description is to provide a representation of the types of duties and level of responsibilities required of this position and is not intended to be an exhaustive list of all responsibilities duties and skills. Team members may be directed to perform job-related tasks other than those specifically stated in this description.
- Develop maintain and distribute daily real estate loan rate sheets; ensure accuracy across systems and alignment with lending strategy
- Manage rate locks extensions and re-locks; execute loan sale strategies based on market conditions and organizational guidance
- Monitor secondary market activity and maintain forward commitments whole loan sales and portfolio loan commitments
- Coordinate delivery and sale of mortgage loans to investors ensuring compliance with investor guidelines and timelines
- Review and audit loan files delivery data and transmissions for accuracy and completeness; resolve discrepancies prior to investor submission
- Perform pre-funding and post-closing reviews to ensure compliance with internal policies and regulatory requirements
- Fund and book closed mortgage and home equity loans; ensure accurate data transfer between origination and servicing systems
- Monitor pipeline reports (e.g. Loans to be Funded Loans Pending Sale) to ensure timely processing funding and delivery
- Maintain and administer real estate lending systems (e.g. product & pricing systems) ensuring data integrity compliance and optimal performance
- Partner with system vendors to troubleshoot issues implement updates and enhance system functionality
- Prepare and distribute operational compliance and performance reports; identify and escalate exceptions
- Support HMDA reporting regulatory compliance and internal/external audits
- Coordinate with internal teams title companies and external partners to ensure timely and accurate loan processing and documentation
- Assist with departmental projects third-party reviews and new product/service evaluations
- Manage denial and withdrawal processes ensuring proper documentation and compliance
Required Qualifications
An equivalent combination of education training and experience will be considered.
- High school diploma or equivalent
- Experience working in a credit union banking financial services or other highly regulated environment
Preferred Qualifications
- 3 years of real estate experience or related field
Knowledge Skills and Abilities (KSAs)
A representation of the knowledge skills and abilities necessary to perform this job competently.
- Knowledge of real estate lending operations and the secondary mortgage market including investor guidelines and loan delivery processes
- Understanding of applicable regulatory requirements (e.g. HMDA and other real estate lending compliance standards)
- Strong attention to detail with the ability to reviewvalidate and reconcile data across multiple systems
- Analytical and problem-solving skills toidentifydiscrepancies and resolve issues efficiently
- Ability to manage multiple priorities and meet deadlines in a fast-paced deadline-driven environment
- Effective communication and collaboration skills to work with internal teams vendors and external partners
- Skillin loan origination servicing and reporting systems with the ability to learn and adapt tonew technologies
- Knowledge in secondary market delivery compliance or investor relations
Work Environment
Environmental or atmospheric conditions commonly associated with the performance of this jobs functions.
- Hybrid work environment (combination of remote & onsite); requires regular use of online tools systems and collaboration platforms
- Onsite work environment; requires regular use of online tools systems and collaboration platforms
- General office setting when working onsite
Physical Abilities
The physical demands described below are representative of those that must be met by an employee to successfully perform this jobs essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
- Ability to work at a computer in a stationary position for up to 8 hours per day
- Ability to occasionally carry light materials (e.g. laptop presentation materials)
Together Credit Union is an Equal Opportunity employer. The Credit Union complies with appropriate federal state and local laws and provides equal employment opportunities without regard to race color religion gender age sexual orientation gender identity or expression national origin military or veteran status disability (including pregnancy) genetic information or any other protected status to all qualified applicants and employees. Together Credit Union is committed to a policy of non-discrimination and dedicated to providing a positive discrimination-free work environment.
Required Experience:
IC
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