Lock Desk Analyst

JMAC Lending has been in business for more than 20 years. Servicing clients better with our innovative products, exceptional service, support and our dedication to helping our partners grow our business. The core of our culture and business approach is to go Beyond Current market options to be the go-to lender of choice for our clients. Our associates hold distinguished credentials and participate in continuing education, to ensure knowledge is carefully balanced with experience. Our company was built on our adherence to the highest ethical standards, while efficiently and carefully executing the delivery of product pricing for wholesale and correspondent lending for our clients.

The Lock Desk Analyst position is responsible for all activities regarding the operation of the lock desk including, but not limited to, locking of loans, extending or re-locking loans as requested by brokers, pricing program scenarios, resolving compliance issues on QM & broker compensation, entering and updating trades in Encompass LOS, and other duties assigned by the Director of Secondary.

Responsibilities:

• Generate and distribute rate sheets for both wholesale and correspondent divisions.
• Review and process all rate lock requests through lock desk email and phone including original rate locks, floats, re-locks, extensions and cancellations.  Includes validating the broker lock request to ensure accurate pricing.  Communicate confirmations in a timely manner.
• Commit and register loans with investors. Monitor outstanding commitments and expiration dates. 
• Monitor loan criteria changes and determine if adjustments in the lock are required.
• Work with Disclosure team on Compliance issues such as QM Points and Fees, HPML, and broker compensation.
• Re-confirm locks from previous day to ensure accurate pricing.
• Enforce secondary market lock policies.
• Assist in all duties assigned by Director of Secondary.

Requirements

• College degree preferred
• 2 years of mortgage experience preferred
• Exceptional attention to detail with the ability to consistently produce accurate work
• Strong mathematics and analytical skills
• Proficiency in loan origination systems and ability to understand and utilize other proprietary mortgage related software platforms
• Ability to interpret mortgage loan rate sheets, add-ons, product guidelines
• Multi-tasking and prioritization skills necessary in a high paced environment
• Excellent customer service skills
• Proficiency in Excel and Outlook

Benefits

• Health Care Plan (Medical, Dental & Vision)
• Life Insurance (Basic, Voluntary & AD&D)
• Paid Time Off (Vacation & Holidays)
• Retirement Plan (401k)
• Short Term & Long Term Disability
• Family Leave
• Wellness Resources

JMAC Lending, Inc. is an Equal Employment Employer. We are committed to workforce diversity. Qualified applicants will receive consideration without regards to age, race, religion, sex, sexual orientation, gender identity or national origin.

DISCLAIMER: JMAC Lending is an evolving company. As such this job description is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned.