Secondary Market Specialist New York
Company: Sunmark Credit Union
Posted on: September 20, 2023
People Helping People, that is what Sunmark Credit Union is all
Our Mortgage team is hiring!
Our office is located at 1187 Troy Schenectady Road, Latham, NY
however open to role having remote capability, after training
Typical hours: Monday-Friday 8:00 - 4:30 pm
Salary range, $88k+ based on experience.
The primary responsibility of this position is to analyze and
manage interest rate and credit risk for mortgage loans related to
maintaining loans in portfolio and selling loans into the secondary
Ensure that secondary marketing strategies are executed in a timely
and efficient manner to meet the philosophy and directives of
Advise on interest rate and delivery risk management of trades
assigned to adjustable rate mortgage, conventional and conforming
loan products of the company.
Perform daily pricing of mortgage products based on management
Meet or exceed the assigned product profit goals as established by
Preparation of forecasts of projected profit and loss figures for
all deliveries on a monthly basis.
Be responsive to the needs of production network by providing the
most competitive products, rates and prices available.
Execute whole loan transactions on a flow basis.
Reconcile and confirm trading activity with 3rd party and internal
shipping and accounting departments.
Maintains Lock-desk; accepts, record and maintain all lock-in
records. Monitors rate lock expiration dates and manage extension
requests. Purchase forward commitments from investor agencies, when
appropriate. Maintain and develop product parameters for new and
existing products in pricing system.
Responsible for managing vendor relationships including Risk
Management company and Correspondent lenders.
Ensure the accuracy of data entered into Product & Pricing
Establish membership on ALCO Committee and advise on fund
management as applicable.
Candidates should have a Bachelors/Master's degree in Finance or
related field. Minimum 3yr experience working in mortgage banking,
secondary marketing and accounting. Highly disciplined attention to
financial detail, strong quantitative and analytical skills.
Familiarity with Optimal Blue suite of products and multiple LOS
systems preferred. Experience with spreadsheets, financial research
tools and relational databases are helpful.
Sunmark Credit Union is an equal opportunity employer and considers
all applicants for employment without regard to race, color, creed,
religion, sex (including pregnancy, childbirth or related medical
conditions), sexual orientation, gender identity or expression,
age, national origin, marital status, citizenship, physical and
mental disability, criminal record, genetic information,
predisposition or carrier status, status with respect to receiving
public assistance, domestic violence victim status, a disabled,
special, recently separated, active duty wartime, campaign badge,
Armed Forces service medal veteran, or any other characteristics
protected under applicable law.
Keywords: Sunmark Credit Union, Troy , Secondary Market Specialist New York, Other , Cohoes, New York
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