Lock Desk Analyst
$49,920–$60,320 year
HybridIrvine, California, United States
Job Summary
Review and process all rate lock requests via email and phone, including original locks, floats, re-locks, extensions, and cancellations. Monitor loan criteria changes to determine required adjustments, re-confirm previous day locks for accurate pricing, and commit/register loans with investors while tracking outstanding commitments and expiration dates. Enforce secondary market lock policies and communicate confirmations timely. Assist in all duties assigned by VP, Secondary Marketing. This role requires flexibility to work up to 50 hours per week, including some weekend hours.
Required Qualifications
- Bachelor's degree preferred
- 2+ years' experience in high volume mortgage setting
- Proficiency in loan origination systems and ability to understand and utilize other proprietary mortgage related software platforms
- Ability to interpret mortgage loan rate sheets, add-ons, product guidelines
- Knowledge and responsibility for compliance with state and federal regulations applicable to mortgage loan origination and fulfillment
- Strong mathematical skills
- Knowledge in the following loan programs/products: conventional, FHA, VA, Jumbo, Non-QM, DPA, HELOC, CES
- Basic proficiency in Microsoft Office products (Excel, Word, PowerPoint, etc.)
- Flexibility to work up to 50 hours per week which may include some weekend hours
Desired Qualifications
- Previous experience with Byte, Optimal Blue and/or Compass preferred
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