Secondary Market Specialist

JOB FUNCTION / SUMMARY:

The Secondary Market Specialist is primarily responsible for administrating the secondary market operation, including both the buying and selling of mortgages in connection with bank goals.

ESSENTIAL DUTIES & RESPONSIBILITIES:

Daily monitoring of secondary market work flow to ensure accurate, timely receipt of closed loans, and delivery to Secondary Market investors.

Administer all secondary market duties that aid in selling and purchasing loans. Log information related to loan sales and purchases. Comply with secondary market laws.

Keep abreast of changes in investor requirements and with investor technology updates, and act as liaison as issues arise with business partners.

Develops and/or recommends methods and other techniques which will improve sales effectiveness.

Maintain knowledge of the concepts, practices, and procedures to deliver mortgage loans to various investors.

SUPERVISORY RESPONSIBILITIES:

None

MINIMUM REQUIRED EDUCATION, EXPERIENCE & KNOWLEDGE:

Baccalaureate degree in business, finance, or a related field; extensive experience may be considered in lieu of a degree

2+ years experience in Secondary Markets or a related field of lending or financing

Excellent interpersonal skills, ability to communicate clearly, and demonstrate sound judgment.

Detail oriented with strong organizational analytical and oral/written communication skills.

Ability to effectively navigate in various situations and highly complex environments and develop creative solutions

Must exercise discretion and sound judgment and be able to work well independently

Ability to work efficiently with a high level of attention to finer details

Follow-through and multi-tasking capabilities is a must

Ability to work effectively under aggressive deadlines required

Proficient in MS Office w/an emphasis on Excel

ESSENTIAL MENTAL & PHYSICAL REQUIREMENTS:

Ability to work under stress and meet deadlines

Ability to operate related equipment to perform the essential job functions

Ability to read and interpret a document if required to perform the essential job functions

Ability to travel if required to perform the essential job functions

Ability to lift/move/carry approximately 20 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division an “undue hardship” then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.