Financial

Secondary Market Analyst – Alliant Credit Union


Start a rewarding career with Alliant

What will your day be like?

You will serve as the contact person to develop and administer aftermarket initiatives; sell and buy mortgages; assist in monitoring relationships with third party market participants including, but not limited to, Fannie Mae and Freddie Mac. The analyst will establish close relationships with internal and external partners to ensure the timely delivery of loans at the negotiated price.

Responsibilities

What makes you a good fit?

  • Assist in the maintenance and improvement of the Flow Loan sales model on all products held for sale, including maintaining weekly position reports, commitment / term coverage percentages and maintenance of engagement, including pairs and extensions
  • Work closely with retail sales and correspondents as well as third party processors to ensure timely delivery of loans
  • Generate daily mortgage product pricing for the credit union
  • Assist in the management of the retail, wholesale and mail order pricing engine and retail point of sale system
  • Manage new rate freezes, extensions and re-pricing according to pricing and product guidelines
  • Help identify, develop and implement pricing strategies, reporting requirements and analytics to achieve established and strategic goals
  • Maintain FTP ARM Pricing, Residential Loan Management Reports, Correspondent Price Analysis and Reporting, Pipeline Analysis and Reporting, Tariff / Financial Analysis ( DCF analysis) and scenario analysis on proposed pricing changes
  • Oversee the physical delivery of flow loans to the investor or custodian.
  • Maintain knowledge of concepts, practices and procedures for granting mortgages to various investors
  • Oversee the financing and reconciliation of loans held for sale, and the creation of member letters
  • Assist in the MERS reconciliation process and assist in the annual audit of the process
  • Assist in the forecasting process for 1st mortgage lending, including the development of metrics and analysis of mortgage demand
  • Assist in the management of the agency’s depositary accounts both at the level of daily and monthly activity but also of the account structure to ensure compliance with investor requirements
  • Manage investor quality control process and deliver investor quality control packages as requested
  • Maintain current knowledge of changing legal and regulatory climate and recommend changes to mortgage pricing models, products, policies and procedures

Qualifications

Do you see yourself doing this?

You will be a good candidate if, in addition to obtaining a bachelor’s degree in finance or accounting, you have:

  • 2 to 4 years of experience in secondary residential marketing, banking or financial institution, preferred
  • Exceptional analytical skills with a solid understanding of aftermarket opportunities within the mortgage industry
  • Experience working with internal and external cross-functional teams
  • Computer literacy with MS Office suite

When you are happy, we are happy!

To thank you for joining our team, you will benefit from:

  • Competitive free medical, dental and vision benefits
  • Competitive compensation plan
  • Membership fees for gym memberships
  • Generous power take-off and bank holidays

Still not convinced?

We’re on the Top 100 Best Mid-Size Companies List to Work For, Check It Out here. For more details, you can also visit our Glass door and LinkedIn profiles.

Alliant Credit Union is proud to be an EEO / AA Employer.

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