Lock Desk Analyst (Transportation)

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 personnelVerify investor and product eligibility prior to confirming rate lock.Produce daily salable and portfolio products rate sheet, and distribute it bank-wideValidating margins and product offering on the product pricing and eligibility platform. Produce daily reports on loans pending sale and mark to market reportManage timelines for rate lock expirations and extensions.Oversee adherence of secondary and rate lock policies and proceduresAssist in evaluating Fair Market Value of Interest Rate lock CommitmentPrepare and provide daily Loans Pending Sale report for managements reviewAssist in finalizing the profit and loss by the various cost centers and loan officersPrepare 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