Title:

Secondary Analyst

Reports To:

Manager

Salary:

$12.00 - $15.00/Hour

Position:

Full-Time, Temp

(4+ months)

Job Summary:

Tulsa Company is seeking a Full-Time, Temporary Secondary Analyst. The Secondary Marketing Analyst position is primarily responsible for monitoring the accuracy of retail loan registration information which is used to hedge investing position. Registration information is received and disbursed by this position regarding the accuracy of loan registration information from retail branches.

Duties and Responsibilities:

• Reviews computer generated audit reports ensuring the status and characteristics on locked loans follow the Client and Investor guidelines.

• Offers assistance to retail staff regarding the correct implementation of changes to loan guidelines, confirmations of locks and changes to loans, receipt of rate sheets, extended lock rules and fees, extension of expired locks, etc.

• Resolves or notifies management of changes to loans that are exceptions to the lending policy.

• Reviews daily audit report of locked loans for proper rate, discount points and conformance to loan program.

• Maintains accurate auditing and reconciliation of loan funding data. Ensures funding sheet data collates with system funding data.

• Audits Investor funding sheets to settlement sheets and wire log. Ensures that Investor funding sheets are received and that the price and fees are accurate. Prepares, distributes, and monitors daily and monthly reports used by management.

• Maintains timely and accurate entry of MBS Trades and Cash Contracts into risk management system; completes verbal and written confirmation with broker in accordance with the Client policy.

• Performs miscellaneous duties directly related to secondary marketing support functions, i.e. assignment of loan numbers for specific loan sales; completes and distributes rate sheets; maintains mortgage rates on the Client web page.

Experience:

• Working knowledge of retail lending policies related to locking loans and making changes to locked loans.

• General knowledge of mortgage banking

• Basic knowledge of mortgage accounting processes, regulations, and policies

• Good oral and written communication skills

• Good PC, word processing, spreadsheet, and systems knowledge

• Associates Degree and 1-2 years of working experience in mortgage banking or 4-5 years of equivalent working experience in banking

Supervisor Requirements:

The professional hired will not be responsible for the direct supervision of any staff.

Knowledge and Abilities:

• Ability to establish priorities, work independently, and proceed with objectives without supervision.

• Ability to handle and resolve challenging problems.

Company Conformance Statement:

In the performance of their respective tasks and duties the employee hired will be expected to conform to the following:

1. Perform quality work within deadlines with or without supervision

2. Interact professionally with other employees, customers and suppliers.

3. Work effectively as a team contributor on all assignments.

4. Work independently while understanding the necessity for communicating and coordinating work efforts with other employees and organizations.

Physical Requirements:

Physical requirements for positions include: arm and hand steadiness and finger dexterity enough to use a keyboard and telephone; occasional lifting up to 25 pounds; may be subject to walking, standing, sitting, and reaching; and vision, speech, and hearing sufficient to perform the essential tasks. Any physical restrictions should be discussed or noted within the interview process.

Salary: