Tower Federal Credit Union · 3 weeks ago
Real Estate Lending Secondary Marketing Analyst
Laurel, MD
Full-time
Onsite
Mid Level
$31.66/hr - $39.57/hr
3+ years expTower Federal Credit Union is seeking a Secondary Marketing Analyst responsible for managing all aspects of rate lock activity for first mortgage and home equity products. The role involves ensuring compliance with investor guidelines, optimizing profitability, and managing daily lock desk functions.
Financial Services
Responsibilities
Manage the daily lock desk function, including receiving, validating, and processing lock requests for all first mortgage products in accordance with company policies and investor guidelines
Execute lock confirmations, extensions, and re-locks, maintaining accurate records in loan origination and secondary systems
Coordinate and monitor pipeline activity to ensure accurate hedging and sale eligibility
Sell eligible loans to investors such as Fannie Mae and Freddie Mac (best efforts commitments) and to other investors for FHA, VA, or other applicable loan products
Support the Secondary Marketing Manager by assisting with daily rate sheet creation and distribution, market monitoring and pricing adjustments and execution of loan sales and commitments
Serve as backup to the Secondary Marketing Manager for rate posting and related functions to ensure seamless operations
Maintain a thorough understanding of FNMA, FHLMC, portfolio and other investor guidelines, secondary market requirements, and pricing rules
Collaborate with Loan Officers, Processors, Underwriters, and Post-Closing staff to resolve lock or delivery issues in a timely manner
Ensure data integrity in pricing, locking, and delivery systems, escalating discrepancies as appropriate
Assist in identifying opportunities for process improvements in secondary marketing and lock desk operations
Manage and maintain the Pricing, Product, and Eligibility (PPE) modules within the Loan Origination System (LOS), ensuring all products, pricing, overlays, and eligibility criteria are accurate, up-to-date, and compliant with investor guidelines
Collaborate with lending, underwriting, and secondary marketing teams to implement changes, troubleshoot discrepancies, and optimize system functionality
Qualification
Required
Bachelor's degree in finance, business, economics, or a related field preferred, or equivalent combination of education and experience
Minimum 3-5 years of mortgage banking experience with emphasis on secondary marketing, lock desk operations, or loan delivery
Strong knowledge of FNMA/FHLMC investor guidelines, pricing, and delivery requirements; knowledge of FHA, VA, and other investor programs a plus
Proficiency with mortgage loan origination systems (LOS) and secondary marketing/pricing software
Strong analytical and organizational skills with attention to detail and accuracy
Ability to thrive in a fast-paced environment, manage multiple priorities, and meet deadlines
Effective communication and collaboration skills to work across lending, secondary, and investor teams
Benefits
$1000 Signing Bonus effective 1/20/2024
All full-time positions include exceptionally low medical premiums in addition to a whole host of other benefits.
Company
Tower Federal Credit Union
Tower Federal Credit Union was founded in 1953
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Richard Stafford
President & CEO
Recent News
Maryland Daily Record
2026-01-03
Tower Federal Credit Union
2025-09-04
Company data provided by crunchbase