Secondary Market Analyst

Kearny Bank•Fairfield, NJ

13d•$65,000 - $90,000

About The Position

Overview Responsible for first mortgage pipeline management and reporting. Responsibilities Interact with the Bank’s pricing engine to maintain effective flow of information. Effectively manage the Bank’s first mortgage pipeline through detailed reporting / monitoring. Process all new loan locks received from the mortgage sales team. Secure new locks timely and report information accurately. Monitor market movement and provide timely information to department management and sales team. Work closely with residential staff including processing, underwriting and closing to provide timely updates on changes. Secure Best-Effort lock commitments based on the Bank’s margins. Provide accurate log entries Communicate with lending partners to gain extensions, changes or relocks. Monitor market movements and assist in pipeline hedging strategies Ensure adherence to lock policies and investor guidelines to maintain profitability. Communicate investor pricing policies and guidelines to internal teams.

Requirements

High school diploma or equivalent required.
Minimum 2 years of related experience required.
MS Office proficiency (Excel) required.
Basic understanding of mortgage banking / loan pricing.
Knowledge of secondary market guidelines including government-sponsored enterprise (“GSE”)/ Federal Housing Administration (“FHA”).
Experience working with third party lenders and pricing services.
Excellent written and verbal communication skills.
Excellent customer service skills.
Acute attention to detail.

Nice To Haves

Encompass and Optimal Blue PPE proficiency strongly preferred.

Responsibilities

Interact with the Bank’s pricing engine to maintain effective flow of information.
Effectively manage the Bank’s first mortgage pipeline through detailed reporting / monitoring.
Process all new loan locks received from the mortgage sales team.
Secure new locks timely and report information accurately.
Monitor market movement and provide timely information to department management and sales team.
Work closely with residential staff including processing, underwriting and closing to provide timely updates on changes.
Secure Best-Effort lock commitments based on the Bank’s margins.
Provide accurate log entries
Communicate with lending partners to gain extensions, changes or relocks.
Monitor market movements and assist in pipeline hedging strategies
Ensure adherence to lock policies and investor guidelines to maintain profitability.
Communicate investor pricing policies and guidelines to internal teams.