Hedging & Pricing Analyst (Secondary Lock Desk)

Universal Lending; Aurora (IL); Remote; USD 70,000 - 90,000; Full time

Job summary

An established industry player is seeking a Hedging & Pricing Analyst to manage mortgage loan pricing and optimize the lock desk process. This role involves utilizing advanced financial modeling and risk management techniques to ensure competitive pricing and effective execution in the secondary market. The ideal candidate will have a strong background in capital markets and be proficient in tools like Optimal Blue and SQL. Join a collaborative and inclusive environment where your contributions will make a significant impact on helping customers achieve their mortgage goals. This is a fantastic opportunity for those passionate about finance and analytics.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

Collaborative Culture

Qualifications

• 2-5+ years of experience in mortgage pricing and secondary markets.
• Proficiency in financial modeling and risk management.

Responsibilities

• Manage mortgage loan pricing and loan locks efficiently.
• Develop and maintain pricing models for mortgage products.

Skills

Financial Modeling

Mortgage Pricing

Risk Management

Data Analysis

Competitor Analysis

Education

Bachelor’s degree in Finance, Economics, Mathematics

Tools

Optimal Blue

Encompass

SQL

Excel

Job description

Hedging & Pricing Analyst (Secondary Lock Desk)

Position Job Title: Hedging & Pricing Analyst (Secondary Lock Desk)
FLSA Status: Non-Exempt
Job Location: Remote - CO
Position Summary: A Hedging & Pricing Analyst is responsible for managing mortgage loan pricing and loan locks, Optimal Blue configuration, ensuring hedge model data accuracy, Secondary and Post Closing report development, as well as backing up the EVP of Capital markets on loan sales and hedging. This role requires experience in capital markets, risk management, and financial modeling to ensure competitive mortgage pricing and efficient secondary market execution.

Specific Job Duties:

• Mortgage Pricing & Analysis
• Lock desk management
• Update and import rates into Optimal Blue
• Configure and automate lock process using Optimal Blue
• Develop and maintain pricing models for mortgage products, ensuring profitability and market competitiveness
• Price forwards
• Execute mortgage loan sales in the secondary market
• Audit hedge models for data accuracy
• Loan sale execution analysis
• Hedge interest rate risk using financial instruments such as TBAs
• Track competitor mortgage rates and lending trends to refine pricing strategies
• Conduct profitability analysis on loan sales and securitization structures
• Provide data-driven insights and recommendations to senior management
• Develop and maintain Loan sale, pull through, reporting and analytics
• Support Post closing with report and analytics development

Managerial Responsibility: This position does not supervise other employees.

Position Qualifications:
Education & Experience:

• Bachelor’s degree preferred in Finance, Economics, Mathematics, or a related field
• 2-5+ years of experience in mortgage pricing and secondary markets
• Experience with loan sales and hedging preferred

Technical Skills:

• Proficiency in Excel, SQL, and financial modeling
• Experience with mortgage pricing engines like Optimal Blue, Encompass, or proprietary systems
• Knowledge of trading platforms and hedging strategies

Base Salary: The compensation for this position is between $70,000 - $90,000. Base Salary is paid bi-weekly, every other Friday.
Physical Requirements: Requires the ability to bend, lift 1-15 pounds, reach, see, stand, sit, walk, hear, type and talk. The primary work location is an office setting with low to moderate noise level.
Why Work for Universal Lending Corporation: Universal Lending Corporation was founded nearly 40 years ago on the principle that our customers deserve individual and specialized attention throughout the mortgage process. We offer an inclusive, diverse, and collaborative culture where people from all backgrounds can thrive. At Universal Lending Corporation you can work with other passionate, purposeful, and customer-centric people all sharing the same goal of helping people achieve their dreams. Universal Lending Corporation offers an aggressive compensation package based on experience and skill, including a comprehensive benefits package inclusive of Medical, Dental, and Vision.