Keystone Consulting Group
Lock Desk Analyst (Remote)
Lock Desk Analyst | Keystone Consulting Group |India
Lock Desk Analyst Role
Location: 100% Remote
Shift: US Hours (8am CST – 5pm CST)
Industry: Mortgage Industry
...Lock Desk Analyst | Keystone Consulting Group | India
Lock Desk Analyst Role
Location: 100% Remote
Shift: US Hours (8am CST – 5pm CST)
Industry: Mortgage Industry
Brief Job Description
Keystone Consulting Group is seeking a Lock Desk Analyst. The Lock Desk Analyst is responsible for all activities regarding the operation of the lock desk including, but not limited to, locking of loans, extending or re-locking loans as requested by brokers, pricing program scenarios, resolving compliance issues on QM & broker compensation, entering and updating trades in Encompass LOS, and other duties assigned by the Director of Secondary.
- Must have worked with Optimal Blue and Encompass
- Must know how to make changes in Optimal Blue
- Manage daily emails to the lock desk
- Lock files BE and Hedged
- Must know how to register and lock with different investors for BE files
- Must know how to calculate spread from the day of the lock on Hedged and BE files
- Monitor lock expirations on BE files every day
- Analyze bids on bid tape on Hedged files before committing to an investor
- Make changes in the file after the file is committed.
Responsibilities:
- Generate and distribute rate sheets for both wholesale and correspondent divisions
- Review and process all rate lock requests through lock desk email and phone including original rate locks, floats, re-locks, extensions and cancellations. Includes validating the broker lock request to ensure accurate pricing. Communicate confirmations in a timely manner
- Commit and register loans with investors. Monitor outstanding commitments and expiration dates.
- Monitor loan criteria changes and determine if adjustments in the lock are required
- Work with Disclosure team on Compliance issues such as QM Points and Fees, HPML, and broker compensation
- Re-confirm locks from previous day to ensure accurate pricing
- Enforce secondary market lock policies
- Assist in all duties assigned by Director of Secondary
Full Benefits
Requirements
- College degree preferred
- 7+ years of mortgage experience preferred
- Exceptional attention to detail with the ability to consistently produce accurate work
- Strong mathematics and analytical skills
- 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
- Multi-tasking and prioritization skills necessary in a high paced environment
- Excellent customer service skills
- Proficiency in Excel and Outlook
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