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1110 FT Secondary Market Supervisor - Owensboro, KY, Jasper, IN

Company: German American Bancorp
Location: Owensboro
Posted on: August 4, 2022

Job Description:

Job Title: 1110 FT Secondary Market Supervisor - Owensboro, KY, Jasper, IN

About Us:

German American Bancorp and its family of financial services companies employ talented, compassionate people throughout the organization, truly making German American special. Delivering genuine, customized, personal service with a focus on truly serving customers and communities well, our employees bring the Shield of Excellence commitment to life with each and every interaction.

Summary of Duties:

We are looking for a passionate go-getter like you to drive the future of our business in the communities we serve. As a Secondary Market Supervisor, you are a leader who brings your team together to grow and exercise expertise, meeting and exceeding departmental goals. Your experience in the mortgage industry will be put to use as you create strategic business plans to achieve accurate and timely closings that will assist in getting additional market share while maximizing profitability. You will review data to track departmental performance, manage operational risks, interest rate risks from loan commitments, develop vendor relationships and hold vendors accountable to SLAs. Communication skills will be essential as you develop and maintain relations with investors. This unique role calls for an emphasis on quality, speed and compliance, matched with the soft skills that support team development and growth.

What Youll Do:

  • The Daily Grind You will be responsible for management of the secondary market function. Your oversight includes the processing and reconciliation of all hedging reports, including risk management reports and DataMart reports. You are responsible for monitoring trade activities, loan level monitoring, and reporting to ensure the overall loan manufacturing and servicing process is congruent with Freddie Mac, FHA, VA, USDA and FHLB standards. This position will oversee and manage the lock process. Your familiarity with all existing loan products is an asset as you assist on the lock-in desk to promptly respond to questions from the branches regarding loan pricing, re-locks, extensions and any other general pricing questions. You will oversee the daily tracking of mortgage-backed securities (MBS) sales, rolls, and pair offs, negotiate pricing exceptions, and supervise the registering and locking of loans with outside investors. You will monitor the closed but not committed pipeline and commit loans as quickly as possible. You will also monitor 3rd party QC reports and adjust processes as needed. You create mandatory commitments, including assignment of trades, bulk commitments, FNMA/Freddie cash commitments, and GNMA securities. You will ensure all commitments, securities, and mortgage service released are purchased on time, and at the correct price and in accordance with all agency, investor and documents custodian rules and regulations. You input and maintain commitment detail and pricing at the commitment level and at individual loan level in the LOS and in our custom reports. You finish out the loan process by coordinating the loan sales and shipping and reconciling any discrepancies. In general, the position manages the loan life cycle including, Regulatory Disclosures, Loan Processing, Loan Closing Documents, Loan Funding, Post-Closing, Loan Shipping, and Loan Sales.
  • Youre Part of a Team As the Secondary Market Supervisor, you are part of the Mortgage Operations Team. You lead a team of Secondary Marketing Analysts through monitoring, training, motivating and coaching. You also work closely other leaders in the department to align goals. Finally, you will work closely with Risk Management to identify regulatory changes and participate in updating procedures and processes to ensure mortgage loan compliance and you partner with Accounting for the monthly reconciliation of the actual P&L.
  • Technical Expertise is a must! - You are responsible for the accuracy of all programming in Optimal Blue and MortgageBot software. You supervise the creation of the daily rates in both systems, and oversee the pricing updates for new products or updates to existing products. What it Takes:
    • Bachelors Degree in related Business Field or 5+ years in the Mortgage Services Industry
    • Assist personnel with more complex issues that may disrupt workflow.
    • Strong analytical and problem solving skills
    • Understanding of management procedures - ability to plan department activities; effectively staff department to achieve established service levels; directing employees towards the desired objectives; controlling the function (developing performance standards, measuring results, taking corrective action and rewarding employees as appropriate).
    • Displays enthusiasm and self-motivation to complete complex tasks
    • Advanced level of knowledge in Microsoft Excel.
    • Demonstrated skill set in developing rapport with people and working in collaborative, team-oriented environment. Bonus Points:
      • 3+ years Fair Lending Experience
      • 2+ years Pricing Experience and/or Secondary Marketing Experience
      • 1+ years Trading Experience, Capital Markets Experience, Optimal Blue experience and/or MortgageBot LOS Experience
      • 3+ years supervisory experience What we can offer you:
        • Medical, dental, vision, STD, LTD, Life insurance, etc.
        • 17 days paid time off, 11 paid holidays and bereavement leave
        • Education Assistance Program
        • Paid Parental Leave
        • Wellness benefits
        • Life event coverage
        • Service awards
        • Financial benefits including 401(k) match, stock purchase plan and more
        • Great deals on both national and local discounts on everything from computers and vacations to phones and retail shopping.
        • Logo wear discounts
        • Free checking account, checks and discounted bank services

          This position will be located at:

          Owensboro Downtown

          313 Frederica StOwensboro, Kentucky, 42301United States


          Jasper Operations Center
          1311 W 12th Ave
          Jasper, IN 47546

Keywords: German American Bancorp, Owensboro , 1110 FT Secondary Market Supervisor - Owensboro, KY, Jasper, IN, Other , Owensboro, Kentucky

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