Lock Desk Associate - Evening Shift

Optimum First Mortgage; Huntington Beach (CA); On-site; USD 28,413 - 40,467; Part time

Benefits offered by this job

Health, Dental, and Vision Insurance

401(k) Retirement Plan with Employer Match

Paid Time Off (PTO)

Sick Leave

Additional Benefits

Job summary

A mortgage company in Huntington Beach seeks a skilled individual to manage loan structuring and rate lock requests. The ideal candidate will interface with loan officers, verify fee accuracy, and utilize Automated Underwriting Systems for approvals. The position offers competitive pay at $25 per hour plus commissions and bonuses, alongside benefits like healthcare and 401(k) matching after qualifying periods. This is an excellent opportunity for those experienced in the mortgage industry.

Qualifications

• Experience in loan structuring and rate lock processes.
• Ability to ensure compliance with pricing guidelines.
• Strong data management skills for lock data and files.

Responsibilities

• Facilitate rate lock requests and loan structuring.
• Review and approve files using AUS before locking.
• Confirm lock terms and execute transactions with investors.

Skills

Interfacing with loan officers

Utilizing Automated Underwriting System (AUS)

Verifying accuracy of fees

Monitoring lock expiration dates

Collaborating on profit calculations

Tools

Loan Origination System (LOS)

Optimal Blue

Job description

Responsibilities

Your role will include, but not be limited to, the following:

• Interfacing with loan officers to facilitate rate lock requests, pricing scenarios, and loan structuring
• Utilizing the Automated Underwriting System (AUS) to review and approve files prior to locking
• Verifying the accuracy of fees, lender credits, and borrower charges to ensure compliance with pricing and disclosure guidelines
• Checking and comparing pricing via Optimal Blue and Investor portals to identify best execution options
• Collaborating with loan officers to construct profit calculations and confirm loan approvals
• Executing rate locks with investors and confirming lock terms with relevant parties
• Maintaining accurate lock data within the Loan Origination System (LOS) and centralized lock log
• Processing lock extensions, relocks, and changes as needed, and updating LOS and investors accordingly
• Assisting with file stacking and organization, as needed
• Monitoring lock expiration dates and proactively notifying loan teams of upcoming deadlines
• Other related duties as assigned

Compensation

$25 per hour plus commission of $15 per funded loan you lock and an additional bonus of $2000 per month if you work 4 days of the week starting at 1PM or later on a weekly basis for the whole month.

Schedule

1:00 PM - 10:00 PM

Benefits

• Health, Dental, and Vision Insurance – Available after 90 days of employment
• 401(k) Retirement Plan with Employer Match – Eligibility begins after 1 year of employment
• PTO – 3 days (eligible after 90 days of employment, no roll over or accumulation)
• Sick Leave – 40 hours (eligible after 90 days of employment, no roll over, accumulation or payout)
• Additional Benefits – As outlined in the Company’s Employee Handbook

Optimum First Mortgage is an equal employment opportunity employer to all, regardless of age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (includes pregnancy, childbirth, breastfeeding, and related medical conditions), and sexual orientation.

This position must pass a post-offer pre-employment criminal background check.