Secondary Market Analyst jobs in Tennessee

Description

JOB SUMMARY AND OBJECTIVE

Responsible for originating Secondary Market mortgage loans for FNMA and other third party mortgage investors. Also, ensures that all necessary documentation has been received and conditions for closings have been met prior to closing of secondary market loans.

ESSENTIAL FUNCTIONS

This position performs the following duties, including but not limited to:
Sales and origination of residential mortgage loans to prospective borrowers;
Taking loan applications; Interviews mortgage loan applicants. Obtains and compiles necessary financial information to recommend conditions and terms.
Structure Loans to meeting borrower needs.
Manages Borrower Data Quality.
Reviews, analyzes and processes residential real estate loan requests, and packages loans as necessary, in keeping with financial institution policies and procedures.
Develops and fosters industry relations including but not limited to homebuilders, realtors, and other business development contacts.
Directs work flow of assigned mortgage loan processor.
Facilitates and Communicates Loan Status to borrower(s).
Ensures that loan files contain documents with proper signatures, dates, legal descriptions and other relevant data in accordance with government regulations, investor guidelines, and bank standards.
Assembles and verifies accuracy of real estate loan documentation.
Corresponds with in-house lenders or customers with any questions or clarifications.
Cross-markets financial institution products and services as appropriate.
Completes all education and training courses required.
Performs other duties as assigned by supervisor.

Qualifications

MINIMUM REQUIREMENTS

Bachelors degree in business preferred.
High School diploma or equivalent required.
Minimum one to three years of experience in mortgage lending.
Expertise in mortgage products and services as well as regulatory guidelines.
Active NMLS or ability to obtain active NMLS status.
Thorough understanding of secondary market operation and loan documentation criteria.
Good sales, organizational and interpersonal skills.
Good oral and written communication skills to effectively communicate with customers and third parties about the banks secondary market loan programs and policies.
Excellent negotiation and problem-solving skills to identify client needs and resolve problems.
Ability to read and comprehend training materials, bank communications and related loan manuals.
Ability to learn and follow guidelines regarding the secondary market lending process.
Familiarity with Microsoft Word, Excel, Outlook, and other common PC-based software.
Able to perform computer work for extended periods of time.
Willing to travel, as needed, for training and visiting other branches including attending loan closings.