Secondary Market Analyst administers all secondary mortgage market duties that aid in the selling and purchasing of loans. Analyzes mortgage loan portfolios, securities, and mortgage-related investments and considers market trends and economic conditions to evaluate the risk and return of a loan sale or purchase. Being a Secondary Market Analyst creates reports and models to forecast asset performance and works with internal stakeholders to make recommendations. Complies with secondary market regulations and company protocols. Additionally, Secondary Market Analyst may require a bachelor's degree in a related area. Typically reports to a manager. The Secondary Market Analyst occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Secondary Market Analyst typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)
Position: Secondary Market Specialist
Department: Loan Operations
Job Status: Full-Time
FLSA Status: Non-Exempt
Grade: 7
Reports to: Team Lead, Residential
Amount of Travel Required: Local Travel as Needed
Positions Supervised: None
POSITION SUMMARY
Under the general supervision of the Residential Loan Servicing Team Lead. Performs a variety of Loan Servicing tasks primarily focused on the selling and servicing of the secondary market loan portfolio.
ESSENTIAL FUNCTIONS
POSITION QUALIFICATIONS
Competencies
Education/Experience/Skills
PHYSICAL DEMANDS
Physical Demands
Stand: O (Occasionally)
Walk: O (Occasionally)
Sit: C (Constantly)
Handling / Fingering: F (Frequently)
Reach Outward: O (Occasionally)
Reach Above Shoulder: O (Occasionally)
Climb: O (Occasionally)
Crawl: N (Not Applicable)
Squat or Kneel: O (Occasionally)
Bend: O (Occasionally)
Lift/Carry
10 lbs or less: F (Frequently)
11-20 lbs: O (Occasionally)
21-50 lbs: N (Not Applicable)
51-100 lbs: N (Not Applicable)
Over 100 lbs: N (Not Applicable)
Push/Pull
12 lbs or less: O (Occasionally)
13-25 lbs: O (Occasionally)
26-40 lbs: N (Not Applicable)
41-100 lbs: N (Not Applicable)
N (Not Applicable) Activity is not applicable to this occupation.
O (Occasionally) Occupation requires this activity up to 33% of the time (0-2.5 hrs/day)
F (Frequently) Occupation requires this activity from 33%-66% of the time (2.5-5.5 hrs/day)
C (Constantly) Occupation requires this activity more than 66% of the time (5.5 hrs/day)
Other Physical Requirements
None
Westfield Bank has reviewed this job description to ensure that essential functions and basic duties have been included. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate.
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