Secondary Market Manager

USA Mortgage • Saint louis, MO, US • 3d ago

Description

POSITION SUMMARY:

Provide leadership in developing and executing corporate strategy in support of the overall business plan and strategic direction of the organization. Direct the marketing of all loan packages through public and private placements.

RESPONSIBILITIES:

Develop and adhere to the Secondary Marketing Department’s policies and procedures.
Establish and maintain relations with investors.Management of all third-party hedge company relationships; manage interest rate risk in the mortgage loan pipeline; quantify and relate to profitability and/or risk. Manage interest rate risk on the locked and unsold mortgage pipeline. This is accomplished via bulk delivery and hedge instruments (i.e. derivatives) with durations matching the loan pipeline. This is a continuous function and entails activity several times during each day. Develops various managerial reports quantifying various aspects pertaining to profitability and/or risk factors. This information is disseminated to senior management as an aid for strategic decisions.
Oversee and/or directly develop and implement new mortgage products.Evaluate product offering in relation to products being offered in the marketplace to determine whether additional investors and/or products should be added to the offering, spearhead the investor approval process and manage the product implementation with various departments involved.
Responsible for establishing and maintaining relations with approved investors and well as third-party vendors for services used by secondary marketing and shipping.
Oversee the creation and dissemination of a daily rate sheet containing rates and prices of mortgage products offered. This function also entails an audit process to ensure accurate information is being distributed. Manage the pricing lock desk function, whereby loan officers rate lock loans. Involvement in this function is ensuring the process is efficient and quality control is maintained. Develop exception reporting to identify errors, or potential concerns.
Responsible for co-management of the Encompass/LOS Software System and PPE systems.
Direct and manage Secondary Marketing staff. Carry out supervisory/management responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities include interviewing, hiring, and training employees, planning, assigning, and directing work, appraising performance, rewarding and disciplining employees, addressing complaints and resolving problems within a timely manner. Manage, train, lead and motivate direct staff members and meet with them on a regular basis to ensure open and productive communications. Determine staffing needs and allocate work based on overall sales volume and pipeline.
Keep abreast and maintain a working knowledge of all current CFPB, investor, and underwriting guidelines, federal and state lending laws and can comprehensively explain to direct staff members and others within and outside the organization.

Requirements

Broad understanding of residential mortgage loans, and familiarity with mortgage loan products. Clear understanding of the current state and federal laws and regulations, and other mortgage operational policies and procedures.
High degree of functional knowledge in subject matter and ability to communicate that expertise to all organizational levels within internal and external clients. Exceptional verbal, written, math, and communication skills.
Demonstrated Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
Positive attitude, planning and execution, strong work ethic and ability to manage multiple strong personalities
Competencies: Analytical, Integrity, Adaptability, Customer Service, Communication Skills, Initiative, Planning/Organizing, Professionalism, Emotional Intelligence, Leadership, Resilient, Conflict Resolution, Performance Management, Team Building, Technical Credibility, Coaching/Mentorship, Engagement, Creativity/Innovation, External Awareness.
Degree: BS from a four-year college or university; or equivalent combination of education and experience.
Years’ Experience: Minimum 7 years related experience and/or training. Two years management or supervisory experience.
Specialized Training: Knowledge of Encompass, LOS software, Ellie Mae Product and Pricing System Database software and various investor websites.

Related Jobs

Senior Level Software Developer

DCS Corp • St. Louis, MO, Missouri • 16h ago

Software Development

DCS Corp. is an employee-owned organization with a reputation for agile and efficient development of technology solutions for U.S. Defense, Aerospace, Human Factors, and Security markets. We continue to provide innovativ...

16h ago

Apply

Quality Casting Engineer Co-Op

Amsted Rail • Full-time • Granite City, Illinois, United States • 4d ago

Engineering

Quality Casting Engineer Intern Amsted Rail has an immediate opening for a Quality Casting Engineer Intern at its operation in Granite City, Illinois. Amsted Rail is the world’s leading provider of fully integrated bogie...

4d ago

Apply

Commercial Liability Claims Representative I – Multi-State (BI) - Hybrid

CCMSI • St. Louis, MO, US • 4d ago

Overview Multi-Line Liability Claim Representative I Location: St. Louis, MO (Hybrid after training) Schedule: Monday–Friday, 8:00 a.m. – 4:30 p.m. (37.5 hours per week) Salary Range: $60,000 – $75,000 annually Bu...

4d ago

Apply

Corporate Accounting Intern - St. Louis

Brinkmann Constructors • Chesterfield, MO, US • 4d ago

Finance & Accounting

Overview At Brinkmann Constructors, we don't just build buildings - we build community, relationships, and a team that inspires confidence. It's the passion and expertise of our employee-owners that drive our success, pu...

4d ago

Apply

Transit Machining Manager

Amsted Rail • Full-time • Granite City, Illinois, United States • 5d ago

This leadership role oversees a team of CNC machinists responsible for the setup, operation, and inspection of CNC and numeric‑control machining centers. The Manager ensures production quality, operational efficiency, wo...

5d ago

Apply

Physical Therapy Assistant - PTA - PRN

Symbria • Chesterfield, MO, US • 5d ago

Health Care Medical Assistant

Overview Are you an Physical Therapy Assistant (PTA) with a desire to impact the lives of the older adult population? If so, our Rehab Team at EverTrue Brooking Park in Chesterfield, MO is seeking its next PRN employee-o...

5d ago

Apply

Certified Occupational Therapy Assistant - COTA - PRN

Symbria • Chesterfield, MO, US • 5d ago

Health Care Medical Assistant

Overview Are you an Certified Occupational Therapy Assistant (PTA) with a desire to impact the lives of the older adult population? If so, our Rehab Team at EverTrue Brooking Park in Chesterfield, MO is seeking its next...

5d ago

Apply

Project Accountant

Brinkmann Constructors • Chesterfield, MO, US • 6d ago

Finance & Accounting

Overview Position: Project Accountant This position will be responsible for all billings (both from subcontractors as well as to clients), job cost functions and reporting for specific projects within the accounting depa...

6d ago

Apply

Certified Occupational Therapy Assistant - COTA

Symbria • Full-time • Chesterfield, MO, US • 6d ago

Health Care Medical Assistant

6d ago

Apply

Structural Project Engineer - Bridge Design

Lochmueller Group • St. Charles MO • 1w ago

Engineering

We are looking for a talented Structural Project Engineer / Project Manager to join our Structural Engineering team in Missouri. This is an excellent opportunity to join a growing firm that places a strong emphasis on fo...

1w ago

Apply