Lock Desk Associate

Overview

Responsible for lock inquiries, new lock requests, extensions and relocks. Generates daily rate sheet. Determines best execution and commits open pipeline of loans for sale into Secondary Market. Generates and evaluates reports to monitor lock pipeline. Responsible for adherence to all policies and procedures as directed by PRMG’s Investors, Secondary Marketing Manager and/or Senior Management.

PRMG offers a comprehensive benefits package for our full-time employees and their dependents, which includes medical, dental, vision, life insurance, short-term disability, long-term disability, a Health Savings Account (HSA), a Flexible Spending Account (FSA), and various other products, based on benefits eligibility, elections, and employee premiums. Upon hire, you will be eligible to enroll in all our company-sponsored benefit programs (Medical, Dental, Life, and Voluntary) on the first of the following month.

After completing 60 days, you will be eligible to enroll in our 401(k) program on the first of the following month. Additionally, eligible employees may apply for job openings through PRMG’s Internal and External Job Portal to request a transfer to a different department or position.

• Downloads investor rate sheets and updates pricing model on a daily basis to generate daily rate sheets. Distributes rate sheets both internally and externally to our client base. Updates company website with most recent rate sheet.
• Processing of all lock related inquiries. Such as, new lock requests, lock extension requests, relock requests, recommitment requests, price quotes, etc…
• Determines company’s best-execution utilizing a pricing model in doing so, prior to committing loans for sale into secondary market.
• Committing loans for sale into secondary market. Ensuring accurate and prompt data entry into investor’s website to produce accurate gain-on-sale figures and secure set profit spreads. Transferring all commitment data into Fast Trac
  360 for proper record keeping.
• Responsible for identifying investor rate sheet changes and notifying Secondary, Automation, Operational, and Sales Management personnel of upcoming rate sheet changes and/or guideline changes.
• Responsible for reviewing and ensuring proper loan/lock/sale placement and pricing of loan scenarios. Including, but not limited to Non-PRMG products.
• Assist clients in review, credit grading, pricing and structuring of loan submissions, ensuring compliance with underwriting standards.
• Establish and maintain customer service goals and standards with internal staff and external customers, including investor relationships.
• Follow any other job-related instructions and perform any other job-related duties.

• One year minimum mortgage and/or secondary marketing experience preferred.
• Experience working in a fast-paced team environment.

Skills:

• Strong interpersonal-communication and business-relationship skills.
• Detail oriented with strong organizational and follow-through skills.
• Technologically proficient in MS Excel software.

Education:

• Bachelor Degree Required