Job description
WHAT YOU WILL DO:
- Perform lock functions (lock, extent, relock, reprice, cancel) with the Lending team to lock and revise interest rates on mortgages with individual investors in accordance with Company pricing model.
- Responsible for tracking all lock expiration dates in retail, correspondent, and broker channels; extend or cancel as necessary.
- Respond to escalation and research requests related to pricing.
- Prepares and analyzes daily data and reports.
- Maintain data integrity within the LOS, Product and Pricing Engine (PPE), and reporting database(s).
- Partner with the Secondary department and investors to ensure accurate pricing tables within the product and pricing engine.
- Assist with system troubleshooting, testing, and enhancements of LOS and PPE.
- Develop training and audit checklists necessary to evaluate loan files for pricing data accuracy, consistency, and completeness.
- Oversees the locked pipeline to ensure loans do not expire prior to, or post-closing.
- Responsible for working with Loan Officers and Processors through the life of the loan to validate the accuracy of pricing as it relates to loan characteristics and ensure the data integrity of lock detail in the loan origination system.
- Update company policies, procedures, or other processes as necessary to reduce risk and contribute to operational efficiency.
- Perform regular quality reviews for data integrity for loan delivery and regulator reporting purposes.
WHAT WE’RE LOOKING FOR:
- Extensive knowledge of mortgage loans, loan level data and mortgage terminology
- Attention to detail, high level of accuracy and ability to review self-created work. Strong analytical and Logical reasoning skills
- Excellent oral and written communication skills
- Comfortable performing research and analysis
- Time management skills
- Ability to work within strict deadlines
- Professional business communication
- Teamwork orientation
Education and Experience
- Must be a Graduate
- 5+ years of relevant work experience in mortgage loan originations.
- 1+ years of experience with EllieMae Encompass loan origination system or Optimal Blue product and pricing engine preferred.
- Expert understanding of TRID regulatory guidelines as it relates to mortgage loan disclosures.
- Excellent quantitative skills and strong written/verbal communications skills.