At INB, a career is more than a job… it represents our active
commitment to serve businesses in our local community. We continually
invest in our employees and in new technologies so that we can provide
the most effective, efficient solutions at a reasonable cost.
Are you looking for a career that is challenging, rewarding and a
great work environment? If so, we may be looking for you! INB has the
Secondary Marketing Administrator
Summary: The primary responsibility of this position
is to analyze and manage interest rate and credit risk for mortgage
loans related to maintaining loans in portfolio and selling loans into
the secondary market. This position will performs a wide range of
functions, including mortgage pricing, loan locking, whole loan
trading, mortgage pooling, product development, management reporting
activities, and monitors suspended/audit files. This position also
acts as internal lock desk.
Essential Duties and Responsibilities include the following.
Other duties may be assigned.
1. Ensure that secondary marketing strategies are executed in a
timely and efficient manner to meet the directives of senior management.
2. Direct interest rate and delivery risk management of trades
assigned to adjustable rate mortgage, conventional and conforming loan
products of the company.
3. Perform daily pricing of mortgage products based on management inputs.
4. Meet or exceed the assigned product profit goals as established by
5. Monitor and report forecasts of projected profit and loss figures
for all deliveries on a monthly basis.
6. Be responsive to the needs of production team by providing the
most competitive products, rates and prices available.
7. Execute whole loan transactions on a mandatory and best effort basis.
8. Reconcile and confirm trading activity with 3rd party and internal
shipping and accounting departments.
9. Maintains Lock-desk; accepts, record and maintain all lock-in
records. Monitors rate lock expiration dates and manage extension
requests. Purchase forward commitments from investor agencies, when
appropriate. Maintain and develop product parameters for new and
existing products in pricing system.
10. Responsible for ensuring that all loans should be shipped to
investors within 72 hours of disbursement.
11. Oversee and coordinate all conditions and status updates of
12. Ensure the accuracy of reports generated from the Motivity system.
13. Responsible for ensuring all loans should be funded by investor
outlets within 30 days of closing.
14. Provide ongoing reporting as directed by management.
15. Perform other duties as assigned or requested.
There are no supervisory responsibilities in this job.
Qualifications To perform this job successfully, an
individual must be able to perform each essential duty
satisfactorily. The requirements listed below are representative of
the knowledge, skill, and/or ability required. Reasonable
accommodations may be made to enable individuals with disabilities
to perform the essential functions.
Education and/or Experience
Bachelors degree in Finance or related field, or equivalent knowledge
Mortgage banking and/or financial certifications preferred.
Prefer 5 years’ experience in mortgage banking, secondary marketing
Secondary Marketing department experience and strong accounting
Excellent verbal and written communication and interpersonal skills.
Highly disciplined attention to financial detail.
Strong quantitative and analytical skills.
Ability to work effectively on a team in high-pressure situations.
Ability to analyze operations conditions, take corrective action as
required, project results and implement strategies to accomplish goals.
Ability to quickly identify and adapt to rapidly changing market conditions.
Good computer skills; working knowledge of spreadsheets, financial
analytical research tools, and relational databases; Excel preferred.
The above statements are intended to describe the general nature and
level of work being performed by people assigned to this job. They are
not intended to be an exhaustive list of all responsibilities, duties,
skills, or working conditions.
ADA Disclaimer: In developing this job description care was taken to
include all competencies needed to successfully perform in this
position. However, for American with Disabilities Act (ADA) purposes,
the essential functions of the job may or may not have been described
for purposes of ADA reasonable accommodation. All reasonable
accommodation requests will be reviewed and evaluated on a
Illinois National Bank is committed to Equal Employment
Opportunity with respect to recruitment, hiring, training,
promotion, and other terms and conditions of employment. It is INB's
policy to afford equal opportunity to all employees and applicants
for employment without regard to race, creed, color, sex, sexual
orientation, age, marital status, national origin, disability,
religion, veteran status, or any other basis prohibited by law. The
EEO Law poster is available here: