Lock Desk Analyst Job at Ascendo Resources, Bronx, NY

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  • Ascendo Resources
  • Bronx, NY

Job Description

Lock Desk Analyst - Large Bank

Salary Range:

$55,350 - $75,000

Description

The Locks Desk Analyst will execute consumer rate locks and act as a liaison to origination, including rate lock policies and procedures. Must have a general understanding of compliance along with comprehension of agency and investor guidelines.

This position is 100% onsite.

Primary responsibilities include, but are not limited to:

  • Fulfills incoming rate locks, extension and reprice requests in product pricing and eligibility platform.
  • Document and obtain management approval of all exception pricing requests.
  • Update buy side and sell side pricing on secondary registration on Encompass.
  • Review, verify, and provide price quotes for Agency, Jumbo, Non-QM and Portfolio to sales personnel
  • Verify investor and product eligibility prior to confirming rate lock.
  • Produce daily salable and portfolio products rate sheet, and distribute it bank-wide
  • Validating margins and product offering on the product pricing and eligibility platform.
  • Produce daily reports on loans pending sale and mark to market report
  • Manage timelines for rate lock expirations and extensions.
  • Oversee adherence of secondary and rate lock policies and procedures
  • Assist in evaluating Fair Market Value of Interest Rate lock Commitment
  • Prepare and provide daily Loans Pending Sale report for management’s review
  • Assist in finalizing the profit and loss by the various cost centers and loan officers
  • Prepare and maintain the reporting sales commissions and present to management for approval
  • Evaluate originator and TPO efficiency. Track pull through profitability tied to secondary ROI

Requirements

  • 1+ years Lock Desk experience required on a Lock Desk and/or Mortgage-Backed Securities
  • Understanding of interest rate dynamics and MBS pooling.
  • Detail oriented with a high degree of accuracy.
  • Proficiency with MS Excel, Word.
  • Ability to work with a high degree of accuracy in a fast-paced work environment.
  • Strong interpersonal skills and ability to communicate effectively with sales and operations staff, as well as investors.
  • Meet expectations for attendance and punctuality.

Job Tags

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