Lock Desk Associate

Responsibilities

• Generates daily rate sheet.
• Determines best execution and commits open pipeline of loans for sale into Secondary Market.
• Generates and evaluates reports to monitor lock pipeline.
• Adheres to all policies and procedures as directed by PRMG’s Investors, Secondary Marketing Manager, and/or Senior Management.
• 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 our client base.
• Updates company website with most recent rate sheet.
• Processes all lock related inquiries such as new lock requests, lock extension requests, relock requests, recommitment requests, price quotes, etc...
• Determines company’s best-execution utilizing a pricing model in doing so, prior to committing loans for sale into secondary market.
• Committing loans for sale into 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 changes and/or guideline changes.
• Reviews and ensures proper loan/lock/sale placement and pricing of loan scenarios, including, but not limited to Non-PRMG products.
• Affords clients in review, credit grading, pricing and structuring of loan submissions, 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.

Qualifications

• One year minimum mortgage and/or secondary marketing experience preferred.
• Experience working in a fast-paced team environment.
• Strong interpersonal-communication and business-relationship skills.
• Detail oriented with strong organizational and follow-through skills.
• Tech-savvy in MS Excel software.

Pay

USD $28.00/Hr.

Schedule

N/A