Secondary Market Analyst

Leader Bank is looking for exceptionally dedicated team members to join one of the region’s fastest growing community banks and mortgage lenders. At the time of its founding in 2002, Leader Bank had one branch office, $6.5 million in assets and 7 team members. Since then, the Bank has become one of the most successful banks in Massachusetts with $4.5 billion in assets, more than 400 team members, 7 branch offices, and annual mortgage originations of over $2 billion.

Exemplary products and an innovative spirit have driven Leader Bank’s rapid growth over the years, and our team members embrace these values. Our mission is to obsess over our clients, make them feel valued, and maintain long-term relationships with them by constantly enhancing our products and processes to always improve our client experience. For our team members, Leader Bank prioritizes competitive compensation and benefits, a healthy work-life balance, and an environment that fosters diversity and inclusion.

Summary

Leader Bank has an immediate opportunity for a Secondary Market Analyst based hybrid in Arlington, MA. The selected individual will play a key role in supporting the lock desk for the sale of residential mortgages into the secondary market along with assisting in the management of Leader Bank’s pipeline of loans in process. This individual will be working in a fast-paced environment requiring attention to detail, strong communication skills, an understanding of interest rates, and an interest in learning about the delivery of mortgage loans and mortgage-backed securities. 

Responsibilities

• Track and approve incoming rate lock commitments from Loan Officers. •    Register individual rate lock commitments internally and with outside investors. 
• Evaluate locks with consideration of market movement, profitability, and company efficiency. 
• Assist in the management of mortgage pipeline hedging and bulk delivery commitments.  
• Analyze current market news and conditions to assist in price and hedge decisions.
• Coordinate rate lock pricing, modifications, renegotiations, and confirmations with remote loan officers via phone, e-mail, and in-person. 
• Assist underwriting and processing staff with loan program and pricing questions.
• Manage expiration and delivery dates of committed loans in the pipeline. 
• Work with sales staff to develop new products and pricing campaigns. 

Qualifications

• 2 – 3 years of lock desk experience at another lender
• Experience with Encompass
• Experience with a loan pricing engine
• BS/BA; preferred majors: Economics, Finance, or Computer Science.
• Strong interpersonal and communication skills. 
• Ability to work in a high-pressured environment. 
• Efficiency with Excel and ability to learn other industry specific computer programs.
• Experience or interest in real estate and mortgages is a plus

Leader Bank offers an excellent compensation and benefits package including 401k plan with corporate match, medical and dental insurance, and the opportunity to work for a fast growing, local organization.

Leader Bank, N.A. is an Equal Opportunity and Affirmative Action employer and does not discriminate on the basis of race, color, religion, age, gender, marital status, sexual orientation, national origin, disability, military status, veteran status, or any other protected class.

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