Secondary Marketing Coordinator

First Heritage Mortgage Services•Feasterville-Trevose, PA

4d•Onsite

About The Position

First Heritage Mortgage Services (a subsidiary of American Heritage Credit Union) is currently searching for a experienced Secondary Marketing Coordinator. This position is based out of our office in Feasterville-Trevose, PA. This position will coordinate the Secondary Marketing functions and work of the Secondary Marketing staff of First Heritage Mortgage Services, LLC (FHMS). Responsible for the optimal execution and delivery of the mortgage loan pipeline including the oversight and management of related controls, balancing, and reporting. Ensure effective and efficient management of complex pricing functions, secondary pipeline governance, lock desk and secondary execution, and delivery encompassing all Secondary Marketing policies.

Requirements

One to three years of similar or related experience
Equivalent to a college degree (BS or BA in a relevant field) or related experience.
Experience in mortgage banking operations
Working knowledge of secondary marketing or mortgage banking practices, policies, and procedures with considerable experience in the areas of mortgage pricing, cash flow modeling, interest rate risk management, delivery of collateral, and product development.
Advanced working knowledge of First mortgage underwriting, conventional and government lending programs, and conventional mortgage insurance guidelines.
Strong analytical, problem solving, decision-making, and organizational skills with the ability to multi-task and work effectively under pressure to meet deadlines.

Responsibilities

Coordinate the work of staff responsible for Secondary Marketing functions, including but not limited to settling daily pricing, daily lock supervision, whole loan sales, the establishment of a daily rate sheet, and posting mortgage rates to credit union partner credit unions.
Assist in annual review process for Secondary Marketing staff by providing information when necessary
Ensure that all members are treated fairly and consistently in all mortgage pricing practices.
Communicate regularly and in a timely manner with the CEO and executive management issues concerning mortgage loan demand, mortgage lock volume, competitive position and product profitability, and other pertinent information regarding secondary marketing pertaining to mortgage loans.
Responsible for coordination of lock desk, supervision of new and revised rate locks to members, and processing extension requests.
Monitor and process lock requests in agreed upon time frames.
Provide Secondary Marketing staff with daily updates on FHMS Secondary pipelines and Secondary data performance integrity. Report all data to CEO on daily basis.
Responsible for analyzing reports and balancing and validating all daily pricing and trades and auditing such reports for documented accuracy.
Responsible for monitoring bond/mortgage market trends and communicating relevant secondary marketing information to management and staff.
Stay abreast of trends in the financial industry in general, and the economic, legal and regulatory environment.
Maintain thorough knowledge of current secondary market guidelines, including Fannie Mae, FHA, VA, USDA and investors including Stonegate Mortgage, US Bank, MoneySource, Penny Mac, Angel Oak, and PHFA.
Responsible for communicating all price changes to staff.
Must be able to understand and apply policies to all mortgage lending situations.