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Lock Desk Analyst (Capital Markets)

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Telecommuter
Job ID: 1001248
Company: PHH Mortgage

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Job Description


This position will join the pricing/ lock desk team within Capital Markets. This individual will assist with the daily responsibilities associated with pricing and bidding loans across a variety of products and channels. This is an area within the company that is undergoing a significant amount of growth, including expansion into new services, products, sellers, etc.

Job Functions and Responsibilities:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily:

Expansion & Development

  • Prepare, maintain and publish daily rate sheets for both wholesale and correspondent divisions.
  • Review and confirm rate lock requests including original rate locks, floats, re-locks, extensions and cancellations
  • Commit and register loans with investors. Monitor outstanding commitments and expiration dates
  • Monitor loan criteria changes and determine if adjustments in the lock are required
  • Re-confirm locks from previous day to ensure accurate pricing
  • Enforce Secondary Marketing Rate Lock Policy
  • Assist with system, product and procedural inquiries
  • Assist with the roll out of new products
  • Work to ensure turn times remain at acceptable levels
  • Monitor and measure pricing concessions
  • Assist in related system implementation and set up
  • Support updates to and maintenance of outward facing pricing applications
  • Support development of a best-efforts lock desk
  • Support sales team in growth of business line through analytics
  • Assist with establishing guidelines around pricing and eligibility
  • Support technical deployment of pricing logic
  • Liaison between Trading Desk and the Operations/Underwriting functions
  • Authorize pricing negotiations and concessions; enforce policy guidelines
  • Ensure adherence to company’s policies and procedures in pricing commitments, extensions and re-pricing loans
  • Participate in team discussions related to margins, volume and optimization of opportunities
  • Support preparation of management reports
  • Develop and build strong relationships with internal customers through regular dialogue
  • Contribute to model and technology improvements across various analytic and database tools
  • Participate in testing system enhancements
  • Update desk procedures and look for opportunities to improve processes
  • Alert traders to deviations from policies regarding hedge position/ profile or material shifts in effectiveness
  • Contribute to analysis and materials for executive leadership meetings and/or committees

Qualifications:

To perform this job successfully, an individual must have the following education and/or experience:

  • Bachelors degree required; Prefer focus in Finance, Economics, Mathematics, or related field
  • 1-3 years of mortgage banking experience
  • Knowledge of mortgages and/or capital markets preferred
  • Experience with lock desk, pricing and/or commitments
  • Advanced Microsoft Excel skills
  • Strong analytical and critical thinking skills
  • Ability to develop cross-functional relationships across an organization
  • Strong teamwork skills
  • Self-motivated and capable of working independently
  • Ability to interface confidently with internal/external parties
  • Demonstrated ability to multi-task and meet deadlines in a fast-paced deadline-driven environment

Training / Licensing Requirements:

  • Must pass the Company’s Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

Company Summary:

Ocwen and its subsidiaries are proud to be equal opportunity workplaces. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.

Disclaimer:

This position is not eligible to be performed in the state of Colorado.

About Us


Company: PHH Mortgage

PHH Mortgage, a wholly owned subsidiary of Ocwen Financial Corporation, is one of the largest subservicers of residential mortgages in the United States. PHH Mortgage provides servicing solutions to companies who own mortgage servicing rights and offers portfolio retention services to extend and enhance customer relationships.

PHH has been providing mortgage lending and servicing solutions since 1984 and is dedicated to responsible and ethical practices while delivering an exceptional customer experience. We strictly focus on subservicing and portfolio retention allowing our diverse professional clients – representing some of the largest and most recognizable financial and wealth management institutions, investors of MSRs, regional and community banks, and credit unions – to concentrate on their core businesses, while providing borrowers with exceptional customer service throughout the life of their loans.

Adhering to the highest levels of risk and compliance, built to bank-like standards, we build relationships with our clients and their customers to promote a philosophy of retaining “customers for life.” We strive to be a natural extension of each client’s team, helping them to keep their expenses down, borrowers satisfied and service levels up while meeting today’s regulatory demands and changing market conditions.

Ocwen is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.

This position is not eligible to be performed in the state of Colorado.

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