Orrstown Bank · 10 hours ago
Secondary Market Manager
Harrisburg, PA, US
Full-time
Onsite
Senior Level
5+ years expOrrstown Bank is seeking a Secondary Market Manager responsible for pricing, rate lock management, and monitoring market trends. This role involves overseeing the sale and delivery of closed loans and maintaining investor relationships to ensure competitive rates and compliance with regulations.
Financial Services
Responsibilities
Develop and maintain daily mortgage pricing through pricing engines or investor rate sheets (currently using Optimal Blue)
Manage & execute rate locks, extensions, relocks, and pipeline adjustments in coordination with loan officers
Monitor market trends and investor pricing to ensure competitive rates and consistent margins
Oversee sale and delivery of closed loans to approved investors (Fannie Mae, Freddie Mac, FHLB, correspondent lenders)
Maintain and expand investor relationships; serve as primary contact for investor communication and issue resolution
Ensure compliance with investor, agency, and regulatory requirements for all sold loans
Track and analyze loan sale performance, gain-on-sale results, and delivery timelines; provide reporting to management
Provide guidance and training to loan officers on pricing, rate lock, and delivery procedures
Maintain up-to-date knowledge of federal and state mortgage regulations (e.g., TRID, RESPA, HMDA)
Partner with Finance and Accounting for required reporting
Participate in strategic planning for mortgage banking activities
Foster a culture of service excellence for both internal and external customers
Support community outreach and affordable housing initiatives aligned with the bank’s mission
Serve as a resource for complex loan scenarios and escalated issues
Attend regularly scheduled coaching and counseling sessions held by supervisor to achieve the outcome of improved communication, action plan development, positive feedback and performance improvement
Abide by the current laws and organizational policies and procedures designed and implemented to promote an environment that is free of sexual harassment and other forms of illegal discriminatory behavior in the work place; support risk management practices and overall safety and soundness and the Bank’s compliance with all regulatory requirements
Perform tasks that are supportive in nature to the essential functions of the job which may be altered or redesigned depending on individual circumstances
Qualification
Required
Bachelor's degree in Finance, Business, Economics, or related field (or equivalent experience)
Minimum 5–7 years of mortgage banking experience, including secondary marketing and operations leadership
Strong understanding of investor requirements, agency programs (Fannie Mae, Freddie Mac), and mortgage compliance
Proficiency in loan origination systems and pricing engines (e.g., Encompass, Optimal Blue)
Excellent analytical, organizational, and communication skills
Ability to manage multiple priorities in a fast-paced environment
Company
Orrstown Bank
Orrstown Bank is a banking firm that offers Housing Lending and financial services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Adam Metz
COO
Matthew Alpert
Executive Vice President, Chief Wealth Officer
Recent News
2026-01-12
2026-01-07
Orrstown Financial Services, Inc.
2025-11-13
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