Lock Desk Associate

Responsible for lock inquiries, new lock requests, extensions, relocks, and generating the daily rate sheet. Determines best execution and commits open pipeline of loans for sale into the Secondary Market. Monitors the lock pipeline through reports and ensures adherence to all policies and procedures as directed by PRMG’s Investors, Secondary Marketing Manager, and/or Senior Management.

Responsibilities

• Downloads investor rate sheets and updates pricing model on a daily basis to generate daily rate sheets.
• Distributes rate sheets both internally and externally to PRMG’s client base.
• Updates company website with the most recent rate sheet.
• Processes all lock-related inquiries, including new lock requests, lock extension requests, relock requests, recommitment requests, and price quotes.
• Determines company’s best execution using a pricing model prior to committing loans for sale into the secondary market.
• Commits loans for sale into the secondary market.
• Ensures accurate and prompt data entry into investor’s website to produce accurate gain-on-sale figures and secure set profit spreads.
• Transfers all commitment data into FastTrac360 for proper record keeping.
• Identifies investor rate sheet changes and notifies Secondary, Automation, Operational, and Sales Management personnel of upcoming rate sheet or guideline changes.
• Reviews and ensures proper loan/lock/sale placement and pricing of loan scenarios, including Non-PRMG products.
• Assists clients in review, credit grading, pricing, and structuring of loan submissions while ensuring compliance with underwriting standards.
• Establishes and maintains customer service goals and standards with internal staff and external customers, including investor relationships.
• Follows any other job-related instructions and performs any other job-related duties as assigned.

Requirements

• One year minimum mortgage and/or secondary marketing experience preferred.
• Experience working in a fast-paced team environment.
• Bachelor’s degree required.

Skills

• Strong interpersonal, communication, and business-relationship skills.
• Detail-oriented with strong organizational and follow-through skills.
• Technologically proficient in MS Excel software.

Benefits

• Comprehensive benefits package for full-time employees and their dependents, including medical, dental, vision, life insurance, short-term disability, and long-term disability.
• Health Savings Account (HSA) and Flexible Spending Account (FSA) options.
• Eligibility to enroll in company-sponsored benefit programs (Medical, Dental, Life, and Voluntary) on the first of the following month after hire.
• Eligibility to enroll in the 401(k) program on the first of the following month after 60 days of employment.
• Access to PRMG’s Internal and External Job Portal to apply for internal transfers.

Pay

USD $28.00/Hr.