Full Job Description
Reports To: Secondary Marketing Operations Manager
This is a Supervisory Position
Functions Supervised: Bulk Commitments, GNMA and Fannie Mae pooling and securitization
Primary Functions: Manage risk of mortgage loan commitments through secondary market management tools.
Duties and Responsibilities:
Under the direction of the Senior Vice President, Mortgage Finance and Servicing, and Secondary Marketing Operations Manager, perform and document the securitization of mortgage loans and the sale of related securities, bulk commitments and assignments of trade.
Maintain and report on effectiveness of mortgage rate lock coverage through evaluation of mortgage rate lock pipeline and negotiation of trades.
Ensure disbursed loans are delivered within applicable lock periods and oversee related aspects of Secondary Marketing loan delivery.
Analyze and report market trends and prepare reports required by the Finance Committee and the Board of Directors, as required.
Act as primary back up for Secondary Marketing Operations Manager as directed by SVP, Mortgage Finance and Servicing.
Assist with the locking/commitment of mortgage loans and applicable lock desk functions as needed.
Assist the real estate bookkeeping staff in accounting for purchase and sale of mortgage loans by the credit union and its affiliates.
Develop secondary market investor contacts and perform semi-annual investor financial review.
Perform other duties as assigned.
Education: Bachelor’s degree in accounting or finance: emphasis in real estate finance preferred. MBA preferred.
Creditable Experience in Lieu of Education: Five years in the real estate industry, preferably performing secondary marketing activities for a sizable institution.
Experience/Skills: Ability to communicate effectively, orally and in writing. Must have demonstrated experience in financial and economic analysis. Proficiency in the use of personal computer required. Experience in dealing with people in decision-oriented, high pressure, limited time situations preferred.
Tenure: Not Applicable
Equal Opportunity Employer
Alaska USA Federal Credit Union