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Lock Desk Specialist

Company: Valley Bank
Location: Wayne
Posted on: January 10, 2022

Job Description:

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 Valley's LOS.
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 loans.
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 profit.
Manage all investor's pricing and lock guidelines and requirements.
Oversees reports to management regarding excursions/exceptions tracking.
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 management.

Keywords: Valley Bank, Wayne , Lock Desk Specialist, Other , Wayne, New Jersey

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