Secondary Market Analyst - Remote

Who We Are:

Southern Bancorp is more than a bank. As a Community Development Financial Institution (CDFI), a special certification designated for institutions that serve predominantly underserved communities, Southern Bancorp combines traditional banking and lending services with financial development tools and public policy advocacy to help families and communities grow stronger. Inspired by the principle that building net worth drives economic opportunity, our mission is to be wealth builders for everyone in the communities we serve, with a focus on low-wealth and un(der)banked populations, as well as an emphasis on Black and Brown individuals.

Job Summary:

The Secondary Market Analyst is responsible for lock desk functions and monitoring pricing on the secondary market. They monitor and resolve any issues with loan locks. The Secondary Marketing Analyst collaborates with post-closing to sell loans as quickly and completely as possible.

This position is a remote role in any of the follwoing states: AL, AR, FL, GA, LA, MS, MO, NC, SC, TN, or TX.

Responsibilities:

• Monitor and input all new locks, lock changes, and lock extensions
• Manage margins, products, and pricing in optimal blue
• Update lock information directly with investors
• Extend locks in the loan origination system (Encompass) and investors as needed
• Work with loan officers to answer questions on structuring deals, investor eligibility, products, and pricing
• Monitor pricing changes in the secondary market
• Work directly with post closing to ensure loan delivery happens timely, conditions are cleared, and loans are purchased within committed time frame
• Input investor Purchase Advice details ensuring accuracy and process incoming wires on loan sales
• Monitor multiple reports for secondary markets and post closing to ensure data integrity and address issues as they arise
• Performs other related duties as required or assigned

Qualifications and Requirements:

• Bachelor's degree in business, finance, accounting, marketing, sales, or related fields or equivalent experience
• 5+ years of mortgage industry experience
• 3+ years of experience in mortgage secondary or capital markets
• Strong analytical and detail-oriented skills
• Extensive knowledge and understanding of mortgage pricing models and rate sheets.
• Extensive knowledge and understanding of mortgage products and guidelines.
• Proficiency with MS Excel
• Experience with Encompass Loan Origination system and Optimal Blue PPE preferred
• Excellent verbal and written communication skills

Physical Demand & Work Environment: Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

#LI-remote

What we offer our employees:

A positive impact on Your Future:

• 401(k)/Roth plan with immediate eligibility and employer match up to 6%
• Employee stock ownership plan
• Discounted rate on primary home mortgage
• Credit and housing counseling as well as free financial education tools available to customers and employees

Benefits to improve your health:

• No deductible medical insurance plan
• Dental and vision insurance
• Employer paid life and long-term disability insurance
• Flexible Spending Accounts

The opportunity to nurture your well-being:

• Paid holidays and paid time off
• Bonus plan
• Opportunity for merit raises
• Employee reward and recognition programs
• Community service opportunities

Southern Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, sexual orientation, gender identity, gender expression, status as a protected veteran, among other things, or status as a qualified individual with disability. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

As a Community Development Financial Institution, Southern Bancorp desires its workforce to reflect the diversity of the customers and communities that we serve. Racial and ethnic minorities, people from working class backgrounds, women and LGBTQ people are often underrepresented in many financial service industry professions. Therefore, we strongly encourage applications from people with these identities or who are members of other marginalized communities.