Lock Desk Analyst

2 weeks ago

Astoria, New York, United States Ascendo Full time
Lock Desk Analyst Job Description

Ascendo is seeking a skilled Lock Desk Analyst to join their team in Astoria, NYC. As a Lock Desk Analyst, you will be responsible for fulfilling incoming rate locks, extension and reprice requests in product pricing and eligibility platforms.

Key Responsibilities:
  • Fulfill incoming rate locks, extension and reprice requests in product pricing and eligibility platforms
  • Document and obtain management approval of all exception pricing requests
  • Update buy side and sell side pricing on secondary registration on Encompass
  • Review, verify, and provide price quotes for Agency, Jumbo, Non-QM and Portfolio to sales personnel
  • Verify investor and product eligibility prior to confirming rate lock
  • Produce daily salable and portfolio products rate sheet, and distribute it bank-wide
  • Validating margins and product offering on the product pricing and eligibility platform
  • Produce daily reports on loans pending sale and mark to market report
  • Manage timelines for rate lock expirations and extensions
  • Oversee adherence of secondary and rate lock policies and procedures
  • Assist in evaluating Fair Market Value of Interest Rate lock Commitment
  • Prepare and provide daily Loans Pending Sale report for management's review
  • Assist in finalizing the profit and loss by the various cost centers and loan officers
  • Prepare and maintain the reporting sales commissions and present to management for approval
  • Evaluate originator and TPO efficiency. Track pull through profitability tied to secondary ROI

Ascendo is a certified minority-owned staffing firm and an Equal Opportunity Employer. We welcome and celebrate diversity and do not discriminate on the basis of race, color, religion, sex, national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, parental status, military service, or any other characteristic protected by federal, state, or local law.

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