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Lock Desk Coordinator-Capital Markets

Company: NP, Inc.
Location: Deerfield Beach
Posted on: June 2, 2021

Job Description:

NP, Inc. is a mortgage company with a history of helping people become new home owners and refinancing others into a better financial situation. Serving clients needs is the core of our business. This basic principle of putting the client first is the reason we close loans based upon relationships, not leads. NP, Inc is not your typical mortgage companyand our clients appreciate that. Our CEO , Tony Acquaviva continues to lead the team in a positive and inspiring environment Our goal is to focus on bringing in other Mortgage Professionals that practice our client first mentality We are always growing and currently have 22 active branches Licensed in 36 states Sales and Operations teams NP, Inc. is committed to continue on a path of national growth. We are in the process of adding additional state licenses, expanding our Operations team, bringing in new technology to streamline the loan process and connecting with other companies that are industry leaders who will work with us to assist in selling loans on the secondary market. More efficiency means better pricing for our clients Job Title: Lock Desk Coordinator Reports To: Operations Manager - Capital Markets FLSA Status: Non - Exempt Summary: This position will be responsible for loan lock functions and hedging support. Duties and Responsibilities include the following. Other duties may be assigned. Assist in the flow and accuracy of the registration desk function Consistently monitor rate lock pipeline Act as a daily point of contact for the secondary marketing department assisting with any pricing related questions Process rate lock submissions timely Process lock extensions, modifications and relock requests as submitted, in a timely fashion Maintain lock information and subsequent changes within the companys loan origination system Maintain pricing engine for accuracy in pricing and guidelines Work collaboratively with team members to understand and resolve issues related to rate locks Provide excellent customer service by effectively communicating and cooperating with all internal and external customers Work closely with Capital Market and Hedging vendor to lock interest rates on mortgages and appropriately hedge interest rate exposure. Execute to multiple pricing executions including but not limited to: best effort, mandatory DOT, and Bulk MBS. Coordinate with compliance and underwriting teams to adhere to investor guidelines, policies and procedures. Pipeline management follow-up with MLOs to actively manage fallout. Solve pricing discrepancies by analyzing expected vs. actual values and rate sheet adjusters. Monitor market movement for possible price changes. Respond to 3rd party vendor inquiries as needed. Research, manage and execute all aspects of daily trading flows. Prepare and analyze Capital Markets data and reports. Work closely with IT to facilitate any necessary system changes and/or updates. Analyze pipeline for trends and performance. Ad hoc reporting as required by Senior Management. Maintain and document Policies and Procedures related to hedging and assist in formulation. Comply with federal, state, and company policies, procedures, internal controls, and regulations. Review, upload and enter Purchase Advice data into Encompass for all purchased loans. Once loan is purchased, move milestone to completed and move loan to closed loan folder Other assigned tasks or responsibilities that may not be delineated above. Skills: Reporting Research Results, Analyzing Information, Administrative Writing Skills, Organization Working with Others General Math Skills, Education/Experience: Degree: Bachelors Minimum 1-year lockbox experience. Encompass 360 Optimal Blue NP INC, promotes diversity and inclusion; we thrive because of these values. We do not discriminate based on race, color, religion (or creed), gender, gender expression, age, national origin, disability, marital status, sexual orientation or military status.

Keywords: NP, Inc., Deerfield Beach , Lock Desk Coordinator-Capital Markets, Other , Deerfield Beach, Florida

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