Mortgage Pricing Coordinator in Raleigh, NC at First Tennessee Bank

Date Posted: 6/28/2019

Job Snapshot

Job Description

SUMMARY: Administers activities associated with the lock desk; assists in pricing loans, defining rates and disseminating information to lending staff. Monitors pipelines to ensure loan locks are maintained from lock request thru the loan delivery cycle. Analyzes pipeline to correlate production with pledges and investor expectations and identifies deficiencies and reports findings to management.

The following statements are intended to describe the general nature and level of work performed; they are not intended to be an exhaustive or exclusive list of the required responsibilities, duties and skills; Management retains the discretion to add to or change the duties and requirements of this position at any time, with or without notice, as business needs dictate.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
1. Supports pricing and loan availability engine for Mortgage Loan Originators, loan commitments with investors, and issues lock confirmation to Mortgage Loan Originators.
2. Creates and distributes rate sheets as required.
3. Defines pricing targets for loan staff. Evaluates incoming loans to ensure rates, fees and pricing achieve revenue objectives. Reviews loan provisions to determine if pricing concessions are necessary. Seeks pricing exception approvals from Mortgage Executive and Treasurer as required.
4. Prepares and distributes daily pipeline reports. Monitors pipeline to confirm appropriate production is being generated to meet investor requirements. Enter updates in Encompass.
5. Prepares sales, fallout, origination and performance indicator reports for management review. Analyzes data to identify variances and trends. Determines and records causes.
6. Assists Secondary Marketing Manager and Mortgage Accountant in satisfying monthly, quarterly, and annual filing/reporting requirements including Loan Commissions, Call Reporting, Mark to Market pipeline values, 1099’s, etc.
7. Serves as a back-up for mortgage accounting personnel.
8. Completes, passes and maintains an up to date status for all positional and company required compliance and regulatory courses by assigned due date(s).
9. Participates in special projects and assignments and performs other duties as assigned.
Requirements QUALIFICATIONS:
• Bachelor’s degree (B. A.) and a minimum of three years related secondary market/mortgage experience or equivalent combination of education and experience.
• Proficient in Microsoft Office Suite (Excel, Access, Word, Power Point), with heavy emphasize in Excel Pivots Tables and @ lookup calculations.
• Strong organizational skills and the ability to work in a team environment with minimal supervision
• Demonstrated ability to work collaboratively with others, including peers, management, and clients, to ensure effective implementation of time-sensitive initiatives and identify deficiencies and opportunities for improvement
• Ability to read and listen, understand and communicate information and ideas in a clear and understandable manner, both orally and in writing with senior executives, business unit management and staff, state and federal regulators and officials and significant business partners.

SUPERVISORY RESPONSIBILITIES: None

CONTROL RELATED RESPONSIBILITIES: Become knowledgeable regarding the department's internal controls as outlined in the policies and procedures and comply with all control requirements.

COMPLIANCE: Ability to comprehend and adhere to Federal and State banking regulations, including compliance with the Bank’s Bank Secrecy Act/Anti Money Laundering (BSA/AML) program. Follows all Company policies and procedures, and successfully participates in regulatory and Company training requirements via multiple and variable delivery methods.

SAFETY, SECURITY and CONFIDENTIALITY: This position requires keeping complete confidentiality of all customer transactions and information, and paying close attention to security within and around the bank's premises at all times.

The physical demands, travel and work environment described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

PHYSICAL DEMANDS: While performing the duties of this job, the employee is regularly required to use hands to finger, handle or feel; reach with hands and arms; and talk or hear. The employee frequently is required to sit. This position regularly uses a computer (keyboard/mouse/screen) and telephone. The employee is occasionally required to stand; walk; climb or balance; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, and ability to adjust focus.

TRAVEL: None

WORK ENVIRONMENT: The work is performed in a normal office environment. The noise level in the work environment is usually low to moderate.



This Job Description does not constitute a contract for employment and either the incumbent or the Company may terminate employment at any time, for any reason, with or without notice.
  • All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, gender stereo typing, and age. First Tennessee is an EO employer – M/F/Vets/Disabled.
  • Please view Equal Employment Opportunity Posters provided by OFCCP

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