Mortgage Pricing & Product Specialist Position Available In Shelby, Tennessee

Mortgage Pricing & Product Specialist

Job Category:

Mortgage

Requisition Number:

MORTG002092

ing Details
ed: April 21, 2025
Full-Time
Locations
Showing 1 location
Remote
Memphis, TN, USA +4 more locations
Job Details

Description Title:

 Mortgage Pricing and Product Specialist

Department:

 Mortgage Lending

Reports To:

 VP Mortgage Product Manager

Supervises:

 N/A

Job Classification:

 Exempt, Full-time HOPE Overview HOPE (Hope Enterprise Corporation, Hope Credit Union, and Hope Policy Institute) provides financial services, leverages resources, and engages in advocacy that strengthens the financial health and wealth of people in under-resourced Deep South communities. Since 1994, these efforts have benefitted more than three million people in Alabama, Arkansas, Louisiana, Mississippi, and Tennessee, and influenced billions in persistent poverty communities across the nation. Learn more at hopecu.org. Job Summary As the Mortgage Pricing and Product Specialist at HOPE, you will play a crucial role in ensuring the accuracy and effectiveness of our mortgage pricing strategies while also supporting the implementation and management of mortgage products. Your responsibilities will include producing daily mortgage rate sheets, optimizing pricing and margins, managing loan locks and registrations with investors, and supporting the mortgage team with product-related tasks.

Responsibilities:

Produce daily mortgage rate sheets to ensure accurate and timely dissemination of pricing information.
Optimize pricing and margins by conducting thorough best execution analysis, leveraging market insights and data-driven strategies.
Validate the accuracy of loan locks and meticulously register loans with investors to facilitate seamless transactions.
Assess risks associated with pricing decisions and recommend appropriate risk mitigation measures.
Monitor the performance of pricing strategies and initiatives, identifying opportunities for improvement.
Generate reports and communicate pricing updates and insights to stakeholders.
Ensure compliance with regulatory requirements and industry standards related to mortgage pricing.
Stay updated on industry trends, regulatory changes, and best practices in mortgage pricing.
Propose innovative solutions and process improvements to enhance pricing effectiveness and efficiency.
Establish and maintain all pricing and rate lock policies and procedures, ensuring all loan locks and pricing decisions adhere to these policies.
Set clear pricing objectives aligned with the organization’s overall business goals, including profitability, market competitiveness, and customer satisfaction.
Support the implementation of new mortgage products.
Maintain investor guidelines and manage investor relationships.
Provide product support and training to the mortgage team.
Assist in managing down payment assistance programs.
Manage product-related special projects.
Conduct market and product research with an emphasis on community and affordable lending.
Other duties as assigned by the VP of Mortgage Products.

Qualifications:

Bachelor’s degree in Finance, Economics, Mathematics, or a related field.
7-9 years’ experience in secondary market, products, mortgage pricing, financial analysis, or related areas.
Strong analytical skills with proficiency in data analysis and interpretation.
Detail-oriented with a high level of accuracy in numerical calculations and data management.
Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
Knowledge of mortgage industry regulations and compliance requirements is preferred.
Proficiency in Microsoft Excel and other relevant analytical tools.

Key Competencies & Skills:

Adaptability:

 Flexibility to adapt to changing market conditions and regulatory environments, adjusting pricing strategies accordingly.

Decision-Making:

 Ability to make timely and well-informed pricing decisions based on data analysis, market insights, and business objectives.

Problem-Solving Skills:

 Capacity to identify pricing challenges, assess risks, and propose solutions to optimize margins and competitiveness.

Computer Literacy:

 Proficiency in using analytical tools, including Microsoft Excel and other relevant software, to conduct pricing analysis and generate reports.

Organizational Awareness:

 Being aware of organizational risks, including reputational, financial, and operational risks, is essential for Pricing Analysts. By recognizing potential risks associated with pricing decisions, the Analyst can take proactive measures to mitigate risks and protect the organization’s interests.

Results Orientation:

 Establish key performance indicators (KPIs) to track the effectiveness of pricing strategies and monitor progress toward goals. Regularly analyze performance data to identify areas for improvement and adjust strategies as needed to achieve desired outcomes.

Work Environment:

Employee spends the majority of time in office environment, generally accessible to the public, customers, and potential customers
Noise level in the work environment is usually moderate
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical Demands:

Employee is regularly required to sit, stand and walk
Employee will use hands to finger, handle or feel, reach with hands and arms, and talk or hear
Employee must regularly lift and/or move up to 10 pounds and frequently lift and/or move up to 25 pounds.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Comprehensive Benefits Package:

Paid Vacation and Sick Time
11 Paid Holidays
401(k) with Company Match
Medical, Dental, and Vision Benefits
Flexible Spending Account (FSA)
Disability Benefits
Life Insurance, Critical Illness, Accident
Employee Assistance Program (EAP)
Tuition Reimbursement, Professional Development We are an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.