Tower Federal Credit Union · 1 month ago
Real Estate Lending Secondary Marketing Analyst
Laurel, MD
Full-time
Onsite
Mid Level
$32/hr - $40/hr
3+ years expTower Federal Credit Union is seeking a Secondary Marketing Analyst responsible for managing all aspects of rate lock activity for mortgage products. The role involves ensuring compliance with investor guidelines, optimizing profitability, and supporting the Secondary Marketing Manager in various functions related to loan pricing and delivery.
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
Analytical decision making ability with attention to detail
Ability to become proficient in the origination and operations procedures of the Real Estate Lending Department
Ability to learn and work in a fast paced environment
Ability to multi-task and prioritize work as required
Ability to effectively work with mathematical concepts with a high degree of accuracy
Ability to interpret, understand and apply Tower's Real Estate Lending Guidelines and FNMA/FHLMC/Investor Guidelines
Ability to communicate effectively in oral and written form
Ability to work and communicate effectively with Tower's members, real estate agents, title companies and other members of the Real Estate Lending team
Ability to work independently and to identify/solve problems and to seek guidance when necessary and to resolve them in an expeditious manner
PC Proficient to include: Word, Excel, Outlook, internet, e-mail and mortgage loan origination software
Ability to verbally convey work process issues to other members of the Real Estate Lending Department
Ability to adapt to changes within internal, market or regulatory environments
Ability to effectively organize loan files and documents
Ability to exercise prudent judgment in decision-making and protection of member confidential information
Ability to arrive at work routinely and promptly
Ability to work within stringent time constraints and in a high pressure environment
Ability to receive constructive feedback from co-workers and management
Ability to work in a team environment and demonstrate the ability to help others
Ability to work independently and to identify/solve problems and to seek guidance when necessary and to resolve them in an expeditious manner
Has knowledge of and adheres to credit union policies and procedures and all regulations related to the bank Secrecy Act, the USA Patriot Act and OFAC
Benefits
$1000 Signing Bonus effective 1/20/2024
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