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Lock Desk Capital Markets Specialist

Job

First International Bank & Trust

Edina, MN (In Person)

$88,400 Salary, Full-Time

Posted 3 weeks ago (Updated 4 days ago) • Actively hiring

Expires 7/23/2026

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Job Description

Lock Desk Capital Markets Specialist
Department:
Mortgage Operations
Locations:
Phoenix, AZ Edina, MN Sioux Falls, SD
Salary Range:
$35 - $50/hr VOE We are seeking a Lock Desk Capital Markets Specialist to support our mortgage pipeline through accurate pricing, timely rate locks, and disciplined pipeline management. This role works closely with loan officers, operations, compliance, vendor management and external third parties to ensure loans are locked correctly and delivered in line with investor expectations and margin goals. This is a detail-driven, fast-paced role focused on managing rate locks, monitoring the pipeline, and protecting margin through sound pricing and secondary market execution. If you enjoy working with numbers, solving problems, and keeping things aligned behind the scenes, this is a critical role that directly impacts mortgage performance.
Key Responsibilities:
Manage daily rate lock activity, including locks, extensions, re-locks, and cancellations in accordance with company policy. Verify and troubleshoot loan pricing, ensuring accuracy with investor guidelines and loan-level price adjustments. Monitor the locked pipeline, including expiration dates, pricing changes, and risk impacts to margin. Support secondary market execution by managing commitments and maintaining pricing integrity. Balance purchase advice following loan sale and reconcile funding outcomes. Maintain profitability by reviewing pricing decisions and identifying margin impacts. Serve as a primary point of contact for rate lock, pricing, and scenario questions. Partner with capital markets leadership and hedge advisory firm to support pipeline risk management. Build and maintain relationships with investors, aggregators, and secondary market partners. Prepare reporting on pipeline activity, volume, pricing, and delivery trends. Ensure data accuracy across systems and identify discrepancies early.