- Location
- East Lansing, Michigan
- Department
- Package Purchase
- Experience
- 2+ years
- Source
- Greenhouse
Description
First National Bank of America is seeking a Purchase Assurance Pricing Coordinator to join the team. This role supports accurate pricing, validation, and purchase of residential mortgage loans as part of the Secondary Marketing team. The Purchase Assurance Pricing Coordinator verifies pricing data throughout the loan sale process and ensures each transaction is executed in a timely, compliant, and accurate manner. Additionally, this role facilitates communication between our sales and Due Diligence departments, ensuring timely responses to lender inquiries. The ideal candidate will demonstrate the ability to work independently and be a valuable team player, consistently approaching interactions with external and internal customers with a proactive and helpful attitude.
Responsibilities
- Validate loan pricing and eligibility as part of the loan purchase process
- Review and enter purchase advice and settlement data with investors
- Verify lock price, investor, and loan-level price adjustments (LLPAs) on lock requests
- Apply pricing adjustments for exception and change requests in accordance with established guidelines
- Update daily mortgage pricing and maintain accurate rate data within the loan origination system
- Monitor pipeline dashboards to maintain service-level standards
- Confirm data integrity of loans across pricing and origination systems
- Coordinate with loan officers, operations staff, and investors to resolve pricing discrepancies
- Provide daily, weekly, and monthly reporting support for Secondary Marketing activities
- Communicate with loan partners preparing loan documents, update status of loan files and answer questions about loan conditions
- Examine loan disclosures and documentation for accuracy and completeness, work with loan origination partners and lender processing staff to secure all required documents needed to purchase the loan
- Reviews and clears conditions of the loan approval
- Review and evaluate information on mortgage loan applications to ensure accuracy and completeness, validate findings to determine that all information matches
- Meet all departmental goals for productivity, quality, and turnaround time
- Remain up to date and knowledgeable on all FNBA’s policies and procedures
Qualifications
- 2+ years of experience in loan pricing, secondary marketing, or mortgage operations
- Working knowledge of pricing sheets, rate matrices, and investor guidelines
- Strong attention to detail and organizational skills
- Communicate effectively in written and verbal forms
- Intermediate proficiency in Microsoft Office, including Excel
- Experience with Encompass or a comparable loan origination system is a plus
Employee benefits
- Medical – Multiple plans to choose from including HSA and traditional. Premiums as low as $0.00
- Dental – Premiums as low as $0.00
- Vision – Low premium Plan
- Discounted childcare
- Pet Insurance
- Paid Time Off (PTO)
- 401k with employer match
- Adjustable desks that can be raised or lowered to sit or stand
At First National Bank of America, we are looking for exceptional individuals with a "servant's heart" or a natural humility that recognizes the importance of prioritizing others' needs. We celebrate and acknowledge efforts that exceed expectations, whether it's delivering added value to customers or supporting colleagues. Just as interest compounds over time, the little things we do can make a substantial difference.
First National Bank of America recognizes that the quality of our people is the foundation for our success. Attracting exceptional individuals who value a challenging work environment that rewards the contributions of its people is the cornerstone of our hiring philosophy.
Note: These statements are intended to describe the general nature and level of work involved for this job. It is not an exhaustive list of all responsibilities, duties, and skills required for this job.
First National Bank of America uses E-Verify to confirm employment eligibility as per E-Verify guidelines.
First National Bank of America is an Equal Opportunity Employer.
#LI-Onsite