8 days old

Secondary Marketing Analyst

LIC - HQ
Long Island City, NY 11101
Apply Now
Apply on the Company Site
  • Job Code
    112798044

Overview

Responsible for participating in daily pricing and the execution of the profitability strategy of UNFCU mortgage products. Assist in the management of the investor, agency and vendor relationships associated with the development, pricing, securing, and selling of mortgage products. Responsible for creating, maintaining, and distributing the daily retail rate sheets. Assist in analyzing and managing interest rate and credit risk for mortgage loans related to maintaining loans in portfolio and selling loans into the secondary market. Participate in investor reporting requirements, including annual updates.



Responsibilities

  • Assist in the sale of mortgage loans, ensuring best execution in the secondary market.
  • Survey, analyze, and recommend, on a daily basis, interest rate changes to all products, as required and indicated by market and risk conditions.
  • Prepare, maintain, and publish daily rate sheets including maintenance of Intranet and Mortgagebot/UNFCU Mortgage Centre site (UNFCU.org). Ensure distribution to all appropriate channels.
  • Maintain lock-desk: accept, record, and maintain all lock-in records. Monitor rate lock expiration dates and manage extension requests. Provide backup to the Senior Analyst when purchasing forward commitments from investor agencies, when appropriate.
  • Monitor compliance with each secondary agency’s policies, guidelines and procedures. Interpret investor guidelines, apply them to the development of products, underwriting, and loan policies to ensure the saleability of loans in the secondary market. Assist in providing training to staff.
  • Complete annual certifications with each investor agency.
  • Assist in the preparation of the reports for loan sales to ALCO Committee and Senior Management on net position of forward commitments and settled sales.
  • Maintain a working knowledge of core processing systems, FICS, Nautilus, T24, eFannieMae and Microsoft Office Desktop Applications in order to analyze mortgage portfolio and pricing trends, and execute loan sales.
  • Maintain open communication and assist in the coordination of sales activities with Accounting, Mortgage Operations and Underwriting Departments to ensure saleable profitable loans.
  • Assist as a liaison between UNFCU and investors.
  • Interact with internal and external audit examiners to discuss loan sale history and risk analysis.
  • Assist with roll out of new products.
  • Support Sales and Operations staff with pricing scenarios.
  • <br /><b>Overview</b><br/><br /><p style="margin: 0px;"><span style="font-family: Univers, sans-serif; font-size: 10pt;"><span style="font-family: arial, helvetica, sans-serif;">Responsible for participating in daily pricing and the execution of the profitability strategy of UNFCU mortgage products. Assist in the management of the investor, agency and vendor relationships associated with the development, pricing, securing, and selling of mortgage products. Responsible for creating, maintaining, and distributing the daily retail rate sheets. Assist in analyzing and managing interest rate and credit risk for mortgage loans related to maintaining loans in portfolio and selling loans into the secondary market. Participate in investor reporting requirements, including annual updates.</span> </span></p><br /><br /><b>Responsibilities</b><br/><br <ul><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Assist in the sale of mortgage loans, ensuring best execution in the secondary market.</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Survey, analyze, and recommend, on a daily basis, interest rate changes to all products, as required and indicated by market and risk conditions.</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Prepare, maintain, and publish daily rate sheets including maintenance of Intranet and Mortgagebot/UNFCU Mortgage Centre site (UNFCU.org). Ensure distribution to all appropriate channels.</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Maintain lock-desk: accept, record, and maintain all lock-in records. Monitor rate lock expiration dates and manage extension requests. Provide backup to the Senior Analyst when purchasing forward commitments from investor agencies, when appropriate.</span><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"> </span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Monitor compliance with each secondary agencys policies, guidelines and procedures. Interpret investor guidelines, apply them to the development of products, underwriting, and loan policies to ensure the saleability of loans in the secondary market. Assist in providing training to staff.</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Complete annual certifications with each investor agency. </span><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"> </span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Assist in the preparation of the reports for loan sales to ALCO Committee and Senior Management on net position of forward commitments and settled sales.</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Maintain a working knowledge of core processing systems, FICS, Nautilus, T24, eFannieMae and Microsoft Office Desktop Applications in order to analyze mortgage portfolio and pricing trends, and execute loan sales.</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Maintain open communication and assist in the coordination of sales activities with Accounting, Mortgage Operations and Underwriting Departments to ensure saleable profitable loans.</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Assist as a liaison between UNFCU and investors.</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Interact with internal and external audit examiners to discuss loan sale history and risk analysis.</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Assist with roll out of new products.</span><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"> </span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Support Sales and Operations staff with pricing scenarios.</span></li></ul> <img src="https://analytics.click2apply.net/v/ygbGZ8tbePKzhkAdFGzQO"> <br/><br/><br /><b>Qualifications</b><br/><br /><p style="margin: 0px;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><strong>TYPE & AMOUNT OF EXPERIENCE:</strong></span></p><ul><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Bachelors degree or equivalent, plus 4 years of mortgage secondary marketing experience (FNMA, FHA), including lock desk.</span></li></ul><p style="margin-left: .75in;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"> </span></p><p style="margin: 0px;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><strong>TECHNICAL COMPETENCIES:</strong></span></p><ul><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Strong math and PC skills, with good knowledge of Microsoft Word, Excel and PowerPoint </span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Strong overall knowledge of underwriting, quality control, compliance and contract obligations</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Intermediate level knowledge of Fannie Mae and other major investor underwriting requirements, pricing requirements, committing and delivery requirements</span></li></ul><p style="margin-left: 31.5pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><strong> </strong></span></p><p style="margin: 0px;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><strong>BEHAVIORAL COMPETENCIES:</strong></span></p><ul><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Excellent verbal and written communication skills and ability to work well independently </span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Proficient in multi-tasking and prioritizing</span></li><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Ability to work in a fast paced environment</span></li></ul><p style="margin: 0px;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"> </span></p><p style="margin: 0px;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><strong>WORK ENVIRONMENT/CONDITIONS:</strong></span></p><ul><li><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">Standard office conditions</span></li></ul><p style="margin: 0px;"><span style="font-size: 10pt; font-family: arial, helvetica, sans-serif;"> </span></p><p style="margin: 0px;"><span style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><em><span style="color: red;">In addition to any specific job requirements in connection with Bank Secrecy Act and/or OFAC (BSA), employee must (i) be aware of BSA matters commensurate with the position; (ii) report any suspicious activity to the manager or compliance department; and (iii) satisfactorily complete any required BSA training.</span></em></span></p><p>PI112798044</p>
    Posted: 2019-08-14 Expires: 2019-09-15

    Job Opportunities

    Before you go...

    Our free job seeker tools include alerts for new jobs, saving your favorites, optimized job matching, and more! Just enter your email below.

    Share this job:

    Secondary Marketing Analyst

    LIC - HQ
    Long Island City, NY 11101

    Join us to start saving your Favorite Jobs!

    Sign In Create Account
    Powered ByCareerCast