Loan Delivery Specialist
What will your day look like?
You will assist in administering secondary market initiatives, selling and purchasing mortgage loans, and maintaining the relationships with third party loan acquisition departments including, but not limited to, Fannie Mae and Freddie Mac. The Loan Delivery Specialist will build close relationships with internal and external partners to ensure timely delivery of loans at the negotiated price. General direction is received from the Manager of Secondary Market.
Responsibilities
Do you see yourself doing this?
Secondary Market Responsibilities
- Assist in the maintenance and enhancement of the flow loan sale model on all held for sale products including commitment maintenance such as pair offs and extensions.
- Work closely with Retail and Correspondent Sales as well as with third party processors to ensure timely delivery of loans to include weekly pipeline communication, follow-up and reporting.
- Oversee the delivery of flow loans to the investor or custodian including any applicable document creation.
- Clear loan edits and conditions in the loan delivery systems ensuring loans are eligible for sale to the intended secondary market investor.
- Oversee the certification and final funding of mortgage loan sales to third party investors.
- Update internal management reporting of sold loans to track pair-offs, interest clawbacks and final reconciliation of the sale.
- Coordinate with internal and external stakeholders including investors, sub-servicers and Alliant’s Accounting department.
- Assist in the management of the agency custodial accounts with daily and monthly activity to ensure compliance with internal and investor requirements.
- Maintain knowledge of the concepts, practices and procedures to deliver mortgage loans to various investors.
Additional Duties
- Oversee and respond timely to the investor quality control requests and deliver the investor quality control packages while working with internal departments including Underwriting and Quality Control.
- Oversee new rate locks, extensions and re-pricing according to pricing and product guidelines
- Maintain a current knowledge of the mortgage industry and regulatory climate.
Qualifications
What makes you a great fit?
You’ll be a great fit if in addition to the completion of a High School degree, required; Bachelor’s degree, preferred in Business, Finance, or Accounting, and you have:
- Minimum of 2+ years’ experience locking and delivering loans to the secondary market or related mortgage experience
- Strong understanding of the mortgage industry with secondary mortgage market knowledge preferred
- Experience working with internal and external cross functional teams
- Experience in loan processing, underwriting or loan servicing
- Exceptional customer service skills and focus
- Strong organizational skills with ability to multitask in a fast-paced environment
- Excellent verbal and written communication skills
- Must demonstrate a professional demeanor, ability to work independently and also collaborate in a group setting
- 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