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Secondary Market Manager

Company: Capitol Federal
Location: Topeka
Posted on: May 14, 2022

Job Description:

RoleDevelops and administers secondary market strategic initiatives for buying and selling loans, and implements continuous improvements and efficiencies to support the Bank's overall goals.This position is an in-office position located in Topeka, KS.Essential Duties & Responsibilities

  • Cultivates new correspondent relationships while professionally managing and enhancing existing relationships. Acts as a relationship liaison to provide on-going operational and underwriting support. Coordinates regularly scheduled calls on correspondent banks providing them valuable feedback on performance metrics, answering any questions, seeking economic feedback from their geographic locations and providing product training as needed. Coordinates initial and on-going financial and reputation reviews on the correspondents and executes appropriate contracts. Works with Executive Management to formulate strategies to ensure interest rate and pricing competitiveness.
  • Manages existing investor relationships and establishes new private or secondary market investor relationships as needed to support the Bank's lending programs and initiatives. Responsible for coordinating required loan sale criteria for flow sales or bulk loan sales. Executes appropriate contracts and administrates loan selling systems as needed. Responsible for secondary market and private investor guideline knowledge and best practices to support and deliver loans in an accurate and timely manner. Formulates strategies to execute trades to achieve best execution.
  • Collaborates with Executive Management to create internal policies, procedures, product descriptions, and underwriting guidelines for all secondary market activities which are competitive and maximize profitability. Monitors and manages any exceptions. Ensures controls are adequately in place and documented for all functions. Monitors financial market activity, interest rate surveys, economic conditions and market trends to collaborate with Executive Management for effective strategic planning.
  • Leads initiatives to improve response time, loan quality and customer satisfaction. Assesses internal processes for continuous improvement and efficiencies to support any level of loan activity and to lead the Bank into a more digital space to support eNotes, eMortgages and eVaults.
  • Manages solution processes including the loan origination system administration for correspondent information, correspondent portal integration to the loan origination system, secondary market trade management, management of the pricing engine, MERS (Mortgage Electronic Registration System), the website solution advertising the Bank's mortgage loan interest rates, and the uploading of purchased loans to the servicing system.
  • Creates and provides accurate pipeline, purchase or loan sale activity reports on a monthly, quarterly and fiscal year schedule. Coordinates business continuity and SOX reporting activity for the department. Serves on various bank financial committees as assigned.
  • Collaborates with other Bank Managers to share secondary market strategies and support lending initiatives to meet the overall objective of the Bank.
  • Leads a team responsible for purchasing, selling and shipping quality loans, managing interest rate changes and communications to appropriate departments and staff, uploading purchased loans to the servicing system, and efficiently monitoring and managing outstanding trailing documents.
  • Responsible for hiring, mentoring and providing on-going growth development for team members. Reviews and evaluates performance of team members and recommends salary adjustments, promotions, discharges and other personnel related actions.
  • Perform other duties as assigned.
  • Participate in proactive team efforts to achieve departmental and company goals.
  • Must comply with current applicable laws, regulations and bank policies and procedures. Comply with all safety policies, practices and procedures. Report all unsafe activities to supervisor and/or Human Resources.Requirements
    • Minimum of five years related experience in Secondary Marketing with Mortgage Loan Underwriting experience preferred.
    • Minimum of two years of job-related management experience.
    • Bachelor Degree in Business, Finance, Accounting or Economics required or equivalent work experience. Experience with systems administration preferred.
    • Demonstrated ability to lead, direct and influence change.
    • Demonstrated ability to identify strategic opportunities and make specific recommendations. Ability to drive quality and productivity improvements involving system changes, process changes and staff changes.
    • Excellent communication and analytical skills.
    • Excellent attention to detail.
    • Excellent time management skills; ability to meet strict daily, weekly and monthly deadlines. Experience with Microsoft Office Word and Excel.

Keywords: Capitol Federal, Topeka , Secondary Market Manager, Executive , Topeka, Kansas

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