Secondary Market Analyst
Start a Rewarding Career with Alliant
What will your day look like?
You will serve as a contact for developing and administering secondary market initiatives; selling and purchasing mortgage loans; assisting in the oversight of the relationships with third party market participants including, but not limited to, Fannie Mae and Freddie Mac. The Analyst will build close relationships with internal and external partners to ensure timely delivery of loans at the negotiated price.
Responsibilities
What makes you a great fit?
- Assist in the maintenance and enhancement of the flow loan sale model on all held for sale products to include maintaining at weekly position reports, forward commitment/hedge percentages, and commitment maintenance including pair offs and extensions
- Work closely with Retail and Correspondent Sales as well as with third party processors to ensure timely delivery of loans
- Generate the daily pricing of mortgage products for the credit union
- Assist in the management of the retail, wholesale and correspondent pricing engine and the retail point of sale system
- Manage new rate locks, extensions and re-pricing according to pricing and product guidelines
- Assist in identifying, developing and implementing pricing strategies, reporting requirements, and analysis to meet established and strategic goals
- Maintain FTP ARM pricing, Residential Lending Management reporting, correspondent pricing analysis and reporting, pipeline analysis and reporting, pricing/financial analysis (DCF analysis), and scenario analysis on proposed pricing changes
- Oversee the physical delivery of flow loans to the investor or custodian.
- Maintain knowledge of the concepts, practices and procedures to deliver mortgage loans to various investors
- Oversee the funding and reconciliation of loans held for sale, and the creation of the member letters
- Assist in the MERS reconciliation process and assist in the annual audit of the process
- Assist in the forecasting process for 1st mortgages including developing metrics and analysis of mortgage loan demand
- Assist in the management of the agency custodial accounts both in terms of daily and monthly activity but also the structure of the account to ensure compliance with investor requirements
- Manage the investor QC process and deliver the investor quality control packages as requested
- Maintain a current knowledge of changing legislation and regulatory climate and recommend changes to mortgage loan pricing models, products, policies and procedures
Qualifications
Do you see yourself doing this?
You’ll be a great fit if in addition to the Completion of a Bachelor’s degree in Finance or Accounting, you have:
- 2-4 years of Residential Secondary Marketing, Banking, or Financial Institution experience preferred
- Exceptional analytical skills with a strong understanding of secondary market opportunities within the mortgage industry
- Experience working with internal and external cross functional teams
- Computer proficiency utilizing MS Office Suite
When you’re happy, we’re happy!
As a thank you for joining our team, you’ll benefit from:
- Competitive medical, dental, and free vision benefits
- Competitive compensation plan
- Contributions towards gym memberships
- Generous PTO and banking holidays off
Still not convinced?
We’re on the list of 100 Best Medium Companies to work for, check it out here. For more details you can also visit our Glassdoor and LinkedIn profiles.
Alliant Credit Union is proud to be an EEO/AA employer.