Secondary Market Coordinator

2 weeks ago


Sacramento California, United States Summit Funding Full time
Job Description

Secondary Market Coordinator

Starting pay ranges $20-$23/hr DOE

This position reports out of the Sacramento corporate office with a hybrid remote schedule requiring 2 days in office per week. The hours are 8:30am-5pm PST. 

The Secondary Coordinator will oversee all new locks, loans that are locked but are expiring on our hedge and non-hedge pipeline, and cancel any lock not closing. The Secondary Coordinator works collaboratively with their team and provides support to Summit's nationwide branches.

What you would be doing:

Update daily Generic Master rate sheet and upload to The Peak.

Assist in Locking all loans within our Pricing Engine Optimal Blue and LOS system Encompass.

Manage pipeline views for different job functions.

Extend all locks expiring 1 day prior to expiration date, thru Optimal Blue and update Encompass.

Cancel locked loans in Optimal Blue and Encompass when necessary.

Pull expiring lock report daily and email Loan officer teams for status on all locked loans expiring within 3-5 business days.

Know how to run reports in Encompass

Adding Pricing Exceptions/Concessions on competitive and Lock extensions to locked loans in Optimal Blue and approving them in LOS system.



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