Secondary Markets Specialist-Mortgages

Description

Do you have experience in the mortgage industry and looking to take the next step in your career? Have you been searching for a great company that's family owned, that recognizes your contributions, and has a great environment? A company whose goal and purpose is to Improve the Lives of Families? Take a look at Equity Resources! We're located in historic, revitalized downtown Newark, OH -- just a short drive from the east side of Columbus!

PRIMARY FUNCTIONS

The primary objective of the Secondary Markets Specialist is to manage the flow of loans through the lock desk from application to funding while helping loan officers determine best pricing scenarios for their customers. This person will also handle all MERS functions, Support FHA Insuring, and prepare final delivery items on Ginnie Mae, Freddie Mac and Fannie Mae.

Duties

Principal duties will include, but not be limited to:

Manages Daily Locks in Optimal Blue

• Receives and analyzes lock requests from Mortgage Specialists
• Determines allocation of lock to mandatory or best efforts and locks as necessary on the investor website
• Keeps rate lock information updated in our origination software and pricing engine
• Helps loan officers determine pricing when programs change or terms need altered

Manages Mortgage Electronic Register System (MERS)

• Enters/completes MERS registrations, transfers including to DMI for serviced loans
• Reviews MERS reports and confirms yearly reporting is completed
• Performs monthly MERS Reconciliations in MinTrak
• Reconciles all data for loans transferred to our subservicer
• Uploads files
• Investigates any discrepancies monthly

Performs FHA Insuring and Servicing/Holder Transfers

Manages Ginnie Mae –Final Certifications

• Files GNMA final docs in pool folders
• Delivers GNMA final docs to BNY for final certification
• Make sure each security is final certified within 12 months

Performs FNMA/FHLMC-Servicing Released File Transfer process

Serves as Backup for Fannie Mae and Freddie Mac Delivery

Additional duties and responsibilities, including but not limited to:

• Attending and participating in all Company meetings as required.
• Adhering to all Federal and State regulations.
• Supporting the Company’s strong relationship of “raving fan service” culture through on-going customer contact, quality customer service, and superior product knowledge.
• Following proper code of ethics as outlined by Equity Resources, Inc.
• Other duties as assigned, which could be a significant portion of this position

Requirements

Education and Experience

• High School Diploma or GED; prefer college coursework or Degree in business or related field.
• 6 months to one years’ experience in a position working directly with various loan programs (purchase, refinance) and loan types (conventional, FHA, etc).
• Working knowledge of loan terminology and all mortgage products is required.
• Must possess excellent mathematical skills, including calculation with decimals.
• Ability to see cause and effect of how different loan factors affect interest rates.
• Demonstrated proficiency with computer systems and software programs including Microsoft Word, Excel, and Outlook required; experience with electronic mortgage processing systems such as Encompass preferred.

Key Competencies

• Must be detail-oriented with high level of accuracy
• Strong oral and interpersonal skills, with proven ability to work with all levels of staff and management
• Ability to think independently and solve issues and problems without intervention.
• Demonstrated teamwork and excellent customer service skills
• Ability to read and comprehend complicated instructions, short correspondence, memos and to use good grammar.
• Ability to think independently and solve issues and problems without intervention.
• Ability to apply common sense understanding to carry out detailed written or oral instructions.
• Strong desire to excel in a competitive environment

About Us:

Equity Resources, Inc. is a privately owned and operated mortgage bank headquartered in Newark, Ohio. We are licensed in 18 states, including Washington D.C., and operate branch offices in many of those locations. Our vision and purpose at Equity Resources, Inc. is quite simply to Improve the Lives of Families. We pride ourselves in creating Raving Fans of our customers AND our employees. We are celebrating our 27th year in business and are continuing to grow! Come join our team!

Equity Resources offers a comprehensive total compensation and benefits package that includes medical, dental, and vision insurance; 401(k); company-paid life insurance; and much more!

Equity Resources is an equal opportunity employer. It does not discriminate against applicants or employees on the basis of race, color, religion, creed, national origin, ancestry, disability that can be reasonably accommodated without undue hardship, sex, sexual orientation, gender identity, age, citizenship, marital or veteran status, or any other legally protected status.