Lock Desk Analyst

ICCU•Chubbuck, ID

1d•Onsite

About The Position

The Lock Desk Analyst provides a crucial role to optimize ICCU’s capital and liquidity by managing access to external capital markets and leading capital market transactions. They are responsible for fulfilling, pricing, lock, re-lock, lock extension, and lock change requests. They will also monitor the locked pipeline and carry out lock desk policies and procedures while recommending changes when needed.

Requirements

Excellent mathematical/analytical skills, deductive reasoning and attention to detail required.
Ability to communicate effectively through written and verbal means.
Must be proficient in Excel and know how to use pivot tables and other reporting characteristics.
Ability to maintain the confidentiality of Credit Union and member records at all times.
Must comply with the Bank Secrecy Act and USA Patriot Act as implemented by ICCU.

Nice To Haves

Bachelor's degree in relevant field preferred.
One year related experience preferred.

Responsibilities

Collect, organize, and analyze rate and fee data on mortgage loans
Calculate income margins to determine daily mortgage rates for the Credit Union within guidelines determined by Secondary Market Manager
Managing credit union gross yield spreads
Evaluate competitor loan estimates and determine if rate matching is feasible
Process rate lock requests utilizing Encompass and Optimal Blue while clearly and effectively communicating with loan officers and other departments
Troubleshoot loan purchases, buybacks, and file requirements for sale
Register loans with investors and allocate loans into trade commitments
Complete the sale of Fannie Mae, Freddie Mac, FHLB loans
Maintain secondary market investor relationships to ensure we have the optimal suite of investors while maintain high scorecard accuracy
Understand and relay investor policies as well as fully comprehending and conveying the pricing for all mortgage products investors offer
Other duties as assigned