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Secondary Market Coordinator at Summit Funding
Sacramento, United States


Job Descrption

Company Description

Summit Funding, Inc is one of the oldest still privately owned top 50 national mortgage lenders.  When Todd Scrima, our owner and CEO founded our company in 1995 his dream was not to be the biggest, but to strive to be the best.  In 2022 we were proud to play a part in making the dream of homeownership a reality for over 10,000 people. Our growth mindset, positive culture, and history of stability are just a few things that position our company as a leader in the mortgage industry.

Benefits and Perks:

  • Opportunity to further a career in a competitive, fast-paced growing industry where you can make a difference in people’s lives.
  • Opportunity to earn competitive compensation.
  • Full benefits include medical, dental, vision, 401K plus match, 11 paid holidays, paid time off, and more.
  • Fun team atmosphere, professional development, and more.

Job Description

Secondary Market Coordinator

Starting pay ranges $20-$23/hr DOE

This position reports out of the Sacramento corporate office with a hybrid remote schedule requiring 2 days in office per week. The hours are 8:30am-5pm PST. 

The Secondary Coordinator will oversee all new locks, loans that are locked but are expiring on our hedge and non-hedge pipeline, and cancel any lock not closing. The Secondary Coordinator works collaboratively with their team and provides support to Summit's nationwide branches.

What you would be doing:

  • Update daily Generic Master rate sheet and upload to The Peak.
  • Assist in Locking all loans within our Pricing Engine Optimal Blue and LOS system Encompass.
  • Manage pipeline views for different job functions.
  • Extend all locks expiring 1 day prior to expiration date, thru Optimal Blue and update Encompass.
  • Cancel locked loans in Optimal Blue and Encompass when necessary.
  • Pull expiring lock report daily and email Loan officer teams for status on all locked loans expiring within 3-5 business days.
  • Know how to run reports in Encompass
  • Adding Pricing Exceptions/Concessions on competitive and Lock extensions to locked loans in Optimal Blue and approving them in LOS system.

    Qualifications

    • 0-2 Years related experience or equivalent.
    • Must be proficient in Microsoft Office software. (Excel/Word)
    • Must be able to work a 40 hour work week based out of the Sacramento office.

    Additional Information

    All your information will be kept confidential according to EEO guidelines.

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    SUMMIT FUNDING
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