Lock Desk Analyst
1 Nos.
125776
Full Time
3.0 Year(s) To 4.0 Year(s)
8.00 LPA TO 10.00 LPA
Accounts / Finance / Tax / CS / Audit
Account/Finance/Tax consulting
, Remote Work Allowed
Job Description:
Job Role
• Responsible for locking loans via phone or email lock request and tracking all lock
expiration dates for retail, correspondent, wholesale, and delegated channels.
• Verify lock price, investor, and loan-level price adjustment (LLPA) on all lock
requests.
• Provide appropriate pricing to loan officers or correspondents based on different
scenarios.
• Re-price locked loans based on applicable changes through the loan process.
• Follow up on expiring loan locks and extend or cancel as needed.
• Stay informed of investor requirement changes and ensure adherence to all
applicable requirements.
• Confirm data integrity of loans in the Loan Origination System.
• Identify process errors throughout the mortgage process that hinder or prevent the
timely delivery and purchase of loans by investors.
• Confirm accuracy of documents required for investor delivery, including the note,
allonge, and assignment.
• Confirm locks are completed in an accurate and efficient manner.
• Stay up to date with all agency and investor guidelines, including Fannie Mae,
Freddie Mac, HUD, Federal Home Loan Bank, and private investors.
• Communicate with Mortgage Loan Originators to determine loan and lock status.
Experience
• Minimum of 3–4 years of experience handling all types of lock requests and related
responsibilities.
Must Have Skills
• Confirm accuracy of documents required for investor delivery, including the note,
allonge, and assignment.
• Experience with all types of lock requests and pricing scenarios.
Company Profile
As a leading provider of business process outsourcing solutions, our client helps mortgage organizations do more with less, so they can scale quickly and grow business. They support every task associated with originating, servicing and purchasing loans—leveraging automation to reduce process turn times and costs while enhancing loan quality. Our global team works seamlessly behind the scenes, 24/7, allowing clients to close, sell and service loans faster than they could ever imagine.
Apply Now
- Interested candidates are requested to apply for this job.
- Recruiters will evaluate your candidature and will get in touch with you.