<p>The Locks Desk Analyst will execute consumer rate locks and act as a liaison to origination, including rate lock policies and procedures. Must have a general understanding of compliance along with comprehension of agency and investor guidelines.</p> <p>This position is 100% onsite.</p> <p>Primary responsibilities include, but are not limited to:</p> <ul> <li>Fulfills incoming rate locks, extension and reprice requests in product pricing and eligibility platform. </li><li>Document and obtain management approval of all exception pricing requests. </li><li>Update buy side and sell side pricing on secondary registration on Encompass. </li><li>Review, verify, and provide price quotes for Agency, Jumbo, Non-QM and Portfolio to sales personnel </li><li>Verify investor and product eligibility prior to confirming rate lock. </li><li>Produce daily salable and portfolio products rate sheet, and distribute it bank-wide </li><li>Validating margins and product offering on the product pricing and eligibility platform. </li><li>Produce daily reports on loans pending sale and mark to market report </li><li>Manage timelines for rate lock expirations and extensions. </li><li>Oversee adherence of secondary and rate lock policies and procedures </li><li>Assist in evaluating Fair Market Value of Interest Rate lock Commitment </li><li>Prepare and provide daily Loans Pending Sale report for management's review </li><li>Assist in finalizing the profit and loss by the various cost centers and loan officers </li><li>Prepare and maintain the reporting sales commissions and present to management for approval </li><li>Evaluate originator and TPO efficiency. Track pull through profitability tied to secondary ROI </li><li>1+ years Lock Desk experience required on a Lock Desk and/or Mortgage-Backed Securities </li><li>Understanding of interest rate dynamics and MBS pooling. </li><li>Detail oriented with a high degree of accuracy. </li><li>Proficiency with MS Excel, Word. </li><li>Ability to work with a high degree of accuracy in a fast-paced work environment. </li><li>Strong interpersonal skills and ability to communicate effectively with sales and operations staff, as well as investors. </li><li>Meet expectations for attendance and punctuality. </li></ul> <p>Salary Range:</p> <p>$55,350 - $75,000</p> <p>Ponce Bank participates in the E-Verify program.</p>