Address
Form of work
SalaryOverview:
Principal Duties & Responsibilities:
The Secondary Marketing Analyst administers all Secondary Market duties that aid in selling and purchasing residential loans. Logs information related to loan sales and purchases.
Principal Duties & Responsibilities:
- Responsible for administering daily pricing and rate sheets for residential products and intraday price changes for any products designated to off-Balance Sheet Investors.
- Prints and reviews loan documents for mailing (shipping and delivering) to investors.
- Manage the maintenance of the pricing engine within the LOS to ensure appropriate base pricing, and product parameters consistent with the Bank’s objectives or with Investors’ guidelines and LLPA's pricing parameters, as applicable.
- Ensure daily pricing and margins are accurate and consistent with the Banks’ profitability objectives.
- Oversight of the Lock Desk includes processing incoming locks, lock extensions, renegotiations, and Change of Circumstance scenarios.
- Work with Sales as the primary point of contact to ensure a positive borrower experience while managing profitability objectives.
- Ensure loans designated to Investors are locked and managed with the appropriate portal: Monitor Investor and Bank pipelines for lock expiration and timing of funding.
- Assist is Best Efforts trading and Mandatory trading, as appropriate.
- Assist in bidding, trading, and managing purchased loan transactions.
- Responsible for coordinating analytical reporting of all consumer asset purchases and sales.
- Administer counterparty/Investor monitoring in compliance with the Bank’s risk policy.
- Assist in the preparation of reporting requirements.
- Develop and maintain policies and procedures for pricing, management of Secondary Marketing sale execution, margin management, and the lock desk program.
- Other duties as assigned or expanded due to growth.
- 5-7 years in banking or mortgage banking with relevant Secondary Marketing experience.
- Experience with Mortgage Cadence or similar pricing tool/LOS strongly preferred.
- Familiarity with capital markets transactions and process flows.
- Familiarity and experience with Agency and Non-Agency pricing highly preferred.
- Experience working with market participants in assisting transactional requirements.
- Excellent documentation and procedural writing skills desired.
- Proficient in Excel and Word.
- Ability to develop complex Excel models to manage and report on activity.
- Must be a team player with strong attention to detail and ability to work independently.
- High School Diploma or GED equivalent Required
- Bachelor's Degree in a related field Preferred
- Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
- Please view Equal Employment Opportunity Posters provided by OFCCP here.
- The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
- Reasonable accommodation may be made to assist individuals with disabilities to complete the online application process. Please contact our Human Resources Department at 305-577-7680 or by e-mail at employment@citynational.com.
