Secondary Market Financial Analyst

Veridian Credit Union•Eden Prairie, MN

3d•Hybrid

About The Position

The Secondary Market Financial Analyst manages mortgage pricing, rate locks, pipeline risk, hedging, investor commitments, and loan sales. The role analyzes market activity and profitability, maintains accurate systems and reporting, coordinates loan delivery and settlement, supports whole loan and participation transactions, and provides financial insights to Finance and Mortgage leadership. This is a hybrid position requiring work at the Eden Prairie, Minnesota location two days per week. It is full-time and exempt. The position owns day-to-day residential mortgage pipeline and lock desk workflows, from rate lock through secondary market sale. It administers mortgage rates and repricing, oversees pipeline exposure and interest-rate risk measures, and executes approved hedging and investor commitment activities within established policies and authority limits. It analyzes secondary market execution, hedge performance, fallout, gain-on-sale margins, pricing variances, and other drivers of mortgage profitability, then provides recommendations to the VP of Finance. The analyst is the primary contact with Veridian's mortgage lending investor for loan sale commitments, delivery, settlement, funding, reconciliation, and issue resolution. The role also supports whole loan and participation sales across mortgage, commercial, auto, and specialty loan portfolios. It produces reporting and supports forecasting, liquidity analysis, budgeting, audit and examination requests, process improvements, controls, procedures, and business continuity materials. The employee must follow credit union policies, risk management expectations, applicable laws and regulations, investor and agency requirements, contractual obligations, and established authority limits. Duties may change, and other duties may be assigned.

Requirements

Bachelor's degree in finance, accounting, or economics.
At least 3 years of experience using Microsoft Excel for advanced financial analysis, reporting, modeling, forecasting, or similar analytical activities.
Oral and written communication skills.
Member service focus, attention to detail and accuracy, and a positive attitude that supports a team environment.
Dependable and punctual, with flexibility during peak times.
High level of confidentiality.
Organizational skills and self-motivation; ability to work without close supervision.
Problem-solving and analytical skills.
Ensure security measures are followed regarding PCI and other highly secure data compliance requirements.

Nice To Haves

At least 3 years of experience in secondary marketing, mortgage capital markets, lock desk operations, mortgage finance, or related mortgage banking activities.
Experience with mortgage loan pricing, product and pricing engines such as Optimal Blue, and mortgage loan origination systems such as Encompass.
Experience managing mortgage pipelines, including rate locks, lock extensions, fallout analysis, investor commitments, loan delivery, and settlement activities.
Experience supporting mortgage pipeline hedging, gain-on-sale analysis, secondary market reporting, whole loan sales, participation sales, liquidity management, or asset/liability management.

Responsibilities

Own day-to-day residential mortgage pipeline and lock desk workflow from rate lock through secondary market sale, including requests, reprices, extensions, relocks, cancellations, pipeline monitoring, exception resolution, and coordination with Mortgage Lending.
Verify rate lock information, pricing, loan-level adjustments, investor selection, and related data in loan origination and pricing systems.
Administer daily mortgage rates and repricing through designated product and pricing systems, maintaining approved pricing assumptions, adjustments, and model inputs.
Oversee mortgage pipeline exposure, pull-through assumptions, hedge coverage, and interest-rate risk measures; identify risks and performance gaps and recommend adjustments.
Execute approved pipeline hedging and investor commitment activities within established policies, procedures, and authority limits.
Analyze secondary market execution, hedge performance, lock fallout, gain-on-sale margins, pricing variances, and mortgage profitability; evaluate pricing assumptions, pull-through models, hedge ratios, and related methodologies and make recommendations to the VP of Finance.
Analyze and monitor profitability of loan sale activities and the mortgage portfolio, providing insights for pricing, retention, and secondary market strategies.
Monitor market conditions, investor pricing, eligibility and delivery requirements, industry trends, regulatory changes, and best practices; assess impacts and communicate recommendations to Finance and Mortgage leadership.
Serve as primary point of contact with Veridian's mortgage lending investor for loan sale commitments, delivery, settlement, funding, reconciliation, and pricing or delivery issue resolution.
Support structuring and execution of whole loan and participation sales across mortgage, commercial, auto, and specialty loan portfolios, including pricing, due diligence, documentation, settlement, and funding.
Develop and maintain collaborative relationships with approved investors, purchasers, vendors, and internal business partners.
Produce timely, accurate reporting on pipeline exposure, rate-lock activity, hedge performance, fallout, gain-on-sale results, loan sales, and participation activity.
Support mortgage forecasting, liquidity analysis, budgeting, audit and examination requests, process improvements, and related financial analysis.
Maintain current procedures, supporting documentation, controls, and business continuity materials for assigned lock desk and secondary market functions.
Perform assigned activities in accordance with credit union policies and procedures, risk management expectations, applicable laws and regulations, investor and agency requirements, contractual obligations, and established authority limits.
Follow PCI and other highly secure data compliance requirements and ensure appropriate security measures are in place and adhered to.
Perform other duties as assigned.