Mega Capital Funding - Calabasas, CA
posted about 2 months ago
Mega Capital Funding, Inc. is a well-established Residential Wholesale and Correspondent Mortgage Banker, currently experiencing growth. Our model is to be a consistently competitive lender in terms of products and pricing, while offering exceptional customer service. We are seeking a skilled and experienced Secondary Marketing Analyst to join our growing team! In this role, you will provide expertise and serve as a resource to all internal and external contacts regarding common practices for lock policies and procedures. You will be responsible for locking loans with investors and monitoring and maintaining the pipeline, researching and completing re-locks, lock revisions, and lock extension requests in a timely and professional manner. You will collaborate with underwriters to determine the viability and pricing of Non-QM exception request scenarios, monitor outstanding commitments and expiration dates, and extend, relock, or cancel as needed. Additionally, you will review and confirm rate lock requests, including original rate locks, renegotiations, relocks, extensions, and cancellations. Monitoring MBS market conditions throughout the day to anticipate the need for market-driven price improvements or worsening will also be part of your responsibilities. You will work closely with the Secondary Marketing Manager on GNMA pools/securitization, confirm daily TBA trades with broker dealers, reconcile and approve daily purchase advices, and coordinate with investors regarding corrections or discrepancies. Furthermore, you will assist the Secondary Marketing Manager with best execution loan sales as needed and create, maintain, and analyze Secondary Marketing related reports and data. Ensuring loans are compliant with all federal and state regulations (QM, Section 32, HPML, etc.) and assisting to resolve any issues will be crucial to your role.