Secondary Market Financial Analyst

Summary

The Secondary Market Financial Analyst manages mortgage pricing, rate locks, pipeline risk, hedging, investor commitments, and loan sales. The role analyzes market activity and profitability, maintains accurate systems and reporting, coordinates delivery and settlement, supports whole loan and participation transactions, and provides financial insights to Finance and Mortgage leadership.

Essential Functions

• Own and oversee the day-to-day residential mortgage pipeline and lock desk workflow from rate lock through secondary market sale, including processing rate lock requests, reprices, extensions, relocks, and cancellations; monitoring pipeline status, lock expirations, fallout, and delivery deadlines; resolving exceptions and coordinating with Mortgage Lending in accordance with approved pricing and lock policies, established timelines, and expectations.
• Verify the completeness and accuracy of rate lock information, pricing, loan-level adjustments, investor selection, and related data maintained in the loan origination and pricing systems.
• Administer daily mortgage rates and repricing activities through designated product and pricing systems, maintaining approved pricing assumptions, adjustments, and model inputs.
• Oversee mortgage pipeline exposure, pull-through assumptions, hedge coverage, and related interest-rate risk measures; identify emerging risks and performance gaps; and recommend timely adjustments to support expected financial outcomes.
• Execute approved pipeline hedging and investor commitment activities within established policies, procedures, and authority limits.
• Analyze secondary market execution, hedge performance, lock fallout, gain-on-sale margins, pricing variances, and other drivers of mortgage profitability; evaluate the effectiveness of pricing assumptions, pull-through models, hedge ratios, and related methodologies; and provide well-supported recommendations to the VP of Finance.
• Develop, analyze, and monitor the profitability of loan sale activities and the mortgage portfolio, providing financial insights and recommendations to support pricing, retention, and secondary market strategies.
• Maintain subject-matter ownership of secondary market practices by monitoring market conditions, investor pricing, eligibility and delivery requirements, industry trends, regulatory changes, and best practices; assess potential impacts; and communicate recommendations and financial insights to Finance and Mortgage leadership.
• Serve as the primary point of contact with Veridian's mortgage lending investor regarding loan sale commitments, delivery, settlement, funding, reconciliation, and resolution of pricing or delivery issues for mortgage transactions.
• Support the end-to-end structuring and execution of whole loan and participation sales across mortgage, commercial, auto, and specialty loan portfolios, including pricing, due diligence, documentation, settlement, and funding.
• Develop and maintain productive and collaborative working relationships with approved investors, purchasers, vendors, and internal business partners.
• Produce timely and accurate reporting on pipeline exposure, rate-lock activity, hedge performance, fallout, gain-on-sale results, loan sales, and participation activity.
• Support mortgage forecasting, liquidity analysis, budgeting, audit and examination requests, process improvements, and other related financial analysis.
• Maintain current procedures, supporting documentation, controls, and business continuity materials for assigned lock desk and secondary market functions.
• Maintain current knowledge of and perform assigned activities in accordance with Credit Union policies and procedures, risk management expectations, applicable laws and regulations, investor and agency requirements, contractual obligations, and established authority limits.
• Other duties as assigned.

Key Attributes

• Oral and written communication skills.
• Member service focus.
• Attention to detail and accuracy.
• Positive attitude that supports a team environment.
• Dependable and punctual; flexible during peak times.
• High level of confidentiality.
• Organizational skills.
• Self-motivated; ability to work without close supervision.
• Problem solving; analysis.

Working Conditions

This job operates in a professional office environment and routinely uses standard office equipment.

Travel

Limited travel expected.

Required Education And Experience

• Bachelor’s degree in finance, Accounting, Economics.
• 3+ years experience utilizing Microsoft Excel for advanced financial analysis, reporting, modeling, forecasting, or similar analytical activities.

Preferred Education And Experience

• 3+ years of experience in secondary marketing, mortgage capital markets, lock desk operations, mortgage finance, or related mortgage banking activities.
• Experience with mortgage loan pricing, product and pricing engines (e.g., Optimal Blue), and mortgage loan origination systems (e.g., Encompass).
• Experience managing mortgage pipelines, including rate locks, lock extensions, fallout analysis, investor commitments, loan delivery, and settlement activities.
• Experience supporting mortgage pipeline hedging, gain-on-sale analysis, secondary market reporting, whole loan sales, participation sales, liquidity management, or asset/liability management.

Other Duties

Veridian Credit Union is a PCI compliant financial institution to ensure the security of member information. As such, all employees are expected to ensure security measures are in place and adhered to regarding PCI and other highly secure data compliance requirements.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.