Are you passionate about helping people achieve their homeownership dreams? Do you want to be part of a team that directly contributes to the growth of your organization? The Secondary Market Specialist position based out of our Fairport branch (located in Fairport, NY) with Evans Bank is a fantastic opportunity to join a growing department within a long-standing and stable Bank.
The Secondary Market Specialist is a highly autonomous position, responsible for setting daily rates and analyzing secondary market trends, processing and maintaining rate locks and committing loans for sale on the secondary market, and managing the product and pricing engine, including delivering sold loans to investors for purchase.
What we offer:
- Hybrid work approach
- An inclusive culture where associates are empowered to bring their authentic selves to Evans
- A collaborative environment where good listeners with high standards thrive
- A growing organization where people are engaged and empowered to solve problems and make decisions
- Frequent, timely coaching sessions to enable professional growth
- The ability to leverage your strengths and passions while making a lasting impact on the community
- Competitive compensation and benefits
- Paid volunteer time to contribute to the betterment of the communities we serve
What we ask of you:
- Manage day-to-day secondary market and pricing functions, including reviewing/processing requests for rate locks, extensions and relocks; reviewing and processing repricing; generating and publishing mortgage rate sheet; preparing reporting of pipeline data
- Maintain strong knowledge of investor requirements and changes as they relate to loan sales
- Perform routine competitive analysis of secondary market and portfolio pricing to peers and market conditions
- Analyze investor pricing and make rate/price recommendations to management
- Partner with consumer loan department leaders on new investor applications and due diligence testing
- Take an active role in annual investor renewals
- Partner with Loan Officers and Operations teams as well as outside vendors to ensure we are delivering the highest-quality customer experience
- Develop enhanced reporting for pipeline management as pertains to best execution loan sales, fallout, and profitability
- Administration of the mortgage product and pricing engine (PPE)
- Perform root-cause analysis of any system discrepancies and provide timely resolution to system issues
Experience and competencies:
- Data analysis and/or system administration experience required
- Strong mortgage banking experience with secondary market and underwriting experience highly preferred
- Passion for the business with desire to build depth of knowledge and become a subject matter expert in Secondary Market functions
- Strong critical thinking and problem-solving abilities, including researching information and making sound business decisions
- Comfort in a fast-paced and ever-changing environment
- Detail orientation and commitment to quality
- Time management
- Comfort working independently as well as part of a team
This position is anticipated to pay a base rate between $50,052/annually and $73,410/annually. This rate does not include potential incentive pay and benefits paid for by the company which may be in addition to the base rate of pay. The base rate of pay is determined by factors such as required experience, skill set needed, business impact of position, value of budget oversight and people management, among other factors. Your Talent Acquisition Specialist will be able to answer specific questions you may have regarding the base pay range for this position.
Equal Employment Opportunity has been, and will continue to be, a fundamental principle at Evans and its subsidiaries, where employment is based upon personal capabilities and qualifications without discrimination on the basis of race, color, creed, religion, sex, national origin, age, disability, marital status, citizenship status, military status, sexual orientation, victims of domestic violence, protected veterans status, gender identity, genetic information, genetic predisposition or carrier status and any other category protected by law. This policy of Equal Employment Opportunity applies to all policies and procedures relating to recruitment and hiring, compensation, benefits, termination and all other terms and conditions of employment. This includes compensation based upon external and internal job worth in order to provide fair and competitive wages to associates.