Secondary Marketing Analyst (Full Time) - Plano TX

Position Purpose

The Secondary Marketing Analyst is responsible for assisting the Secondary Marketing Manager in the day-to-day Secondary Marketing job functions. This includes completing lock and pricing review request queues submitted by operations staff and internal mortgage loan officers.

Essential Functions and Basic Duties

• Completes locks in Encompass and Optimal Blue.
• Completes lock extensions.
• Completes the final price check.
• Sets up lock and lock modification requests to Investors and secures lock confirmation.
• Locks loan with investor and secures lock confirmation.
• Generates the Encompass lock confirmation.
• Modifies lock and re-prices loans after the initial lock.
• Aids all departments with general Secondary Marketing information.
• Answers rate lock, investor, and guideline-related questions.
• Answers Lock Desk related call inquires.
• Ensures Secondary Market operations are conducted in compliance with applicable regulations.
• Reports all pricing exceptions to the Secondary Marketing Manager for approval.
• Supports the Mortgage Loan Closing staff.
• Supports Mortgage Services and Correspondent Lenders to facilitate Secondary Mortgage Programs.
• Serves as a line of communication for Mortgage Services with the Secondary Market for issues that arise regarding committed and sold loans.
• Required to update/maintain appropriate procedures to maintain compliance with Secondary Market guidelines and Federal/State regulations.
• Completes all other tasks, assignments, or functions as assigned and/or required.
• Originates new contracts in the Secondary Market for the sale of new and existing loans.
• Remains active in Prosperity Bank’s training programs.

Qualifications

• Education/Certification: Bachelor (4-year college) degree or 5+ years of experience or equivalent combination of education and experience.
• Required Knowledge: Solid understanding of the technology used to support secondary marketing; excellent verbal and written communications skills; proficiency in Microsoft Office applications including Excel, PowerPoint, and Word.
• Experience Required: At least 5 years of related experience; knowledge of rules and regulations; knowledge of residential loan collateral documentation; ability to use a LOS, Encompass, and Optimal Blue.
• Skills/Abilities: Solid knowledge of lock desk, pricing, and sales of mortgage loans into the secondary market; strong written and oral communication skills; demonstrated ability to efficiently and consistently produce accurate work; strong organizational and critical thinking skills; ability to multi-task in a high paced environment with a heavy volume of transactions; ability to interface with other departments to resolve issues as applicable; excellent attention to detail; well organized; excellent time management skills: ability to meet strict daily, weekly, and monthly deadlines; able to work well independently.

Physical Activities and Requirements

• Talking: Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.
• Average Hearing: Able to hear average or normal conversations and receive ordinary information.
• Repetitive Motion: Movements frequently and regularly required using the wrists, hands, and/or fingers.
• Average Visual Abilities: Average, ordinary, visual acuity necessary to prepare or inspect documents or products or operate machinery.
• Physical Strength: Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally.

Working Conditions

• No: No hazardous or significantly unpleasant conditions (such as in a typical office).

Mental Activities and Requirements

• Reasoning Ability: Ability to deal with a variety of variables under only limited standardization. Able to interpret various instructions.
• Mathematics Ability: Ability to compute discount, interest, profit, and loss; commission markup and selling price; and ratio, proportion, and percentage. Able to perform very simple algebra.
• Language Ability: Ability to read a variety of books, magazines, instruction manuals, atlases, and encyclopedias. Ability to prepare memos, reports, and essays using proper punctuation, spelling, and grammar. Ability to communicate distinctly with appropriate pauses and emphasis, correct pronunciation (or sign equivalent), and variation in word order using present, perfect, and future tenses.

Work Hours

Monday - Friday: 9:00AM - 5:00PM

Estimated Salary

$42,301 per year