Lock Desk Specialist
Company: Valley Bank
Posted on: January 10, 2022
The Lock Desk Specialist position is responsible for all
activities regarding the operation of lock desk including, but not
limited to, locking of loans, extending or re-locking loans as
requested, pricing scenarios, and various other projects.
Responsibilities include, but are not limited to: Ensure all rate
locks, extensions, excursions, exceptions and loan changes are
executed accurately and in a timely manner with investors and on
Work with Home Loan Consultants (HLC) to properly structure loans
and answer questions accordingly.
Grant or deny pricing rate/fee exception requests.
Responsible for managing all locks with investors and coordinating
with Loan Delivery that shipping timeframes are met.
Ensure profit margins are being maintained for all locked
Investigate individual loan files and determine the source of the
delay on lock extensions.
Monitors expiring locks with investors, researches internally to
determine length of extension necessary while seeking to maximize
Manage all investor's pricing and lock guidelines and
Oversees reports to management regarding excursions/exceptions
Troubleshoots various pricing related challenges as they arise.
Oversees workflow of Secondary Marketing Specialists in their
responsibilities related to the Lock Desk.
Makes recommendations for innovation and process improvements.
Assist with special projects and other duties as needed per
Keywords: Valley Bank, Wayne , Lock Desk Specialist, Other , Wayne, New Jersey
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