Lock Desk Analyst

Lock Desk Analyst Sandy, UT Job Details $26.44 - $33.65 an hour 1 day ago Qualifications Pricing Economics Market analysis Bachelor's degree in finance Bachelor's degree in business 11+ years Bachelor's degree in economics Mortgage industry Finance Bachelor's degree Continuous improvement Bank experience Loan application review Senior level Business Escalation handling Communication skills

Full Job Description Position Description:

Summary:

A Lock Desk Analyst is responsible for managing mortgage rate lock requests, ensuring accurate and timely processing of loan pricing, and mitigating financial risks for lenders. They review loan applications, confirm pricing guidelines, and communicate with loan officers and secondary market teams.

Essential Functions & Responsibilities:

Rate Lock & Pricing Management Lock, relock, extend, and modify interest rates in accordance with company policy. Ensure pricing accuracy based on daily rate sheets and margin targets. Monitor lock desk inbox and respond to originator requests in a timely manner. Escalate margin or compliance concerns as needed. Pipeline Monitoring & Risk Support Identify and report unusual lock activity or pricing anomalies. Track and manage lock expirations and extension requests. Rate Sheet Distribution Maintain Rate Sheet Distribution Lists Update Rate Sheets as needed Create Individual Correspondent Rate Sheets from Model Distribute Rate Sheets Daily Communication & Service Provide guidance to Correspondents on pricing questions Deliver strong customer service to internal sales and operations teams. Communicate rate sheet updates and lock cut-off times.

Required Skills and Qualifications:

Education:

A bachelor's degree in finance, Economics, Business, or a related field preferred.

Experience:

13 years of experience in mortgage banking, secondary marketing, or lock desk operations required. Knowledge of mortgage lending practices. Ability to analyze market trends to assist in securing the best loan terms for borrowers while protecting the company's financial interests. Interpersonal Skills Strong problem-solving ability Organized and methodical approach Clear written communication Collaborative mindset Commitment to quality and continuous improvement