Purchase Assurance Pricing Coordinator

First National Bank of America; East Lansing (MI); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Medical plans

Dental coverage

Vision plan

Discounted childcare

Pet insurance

Paid Time Off (PTO)

401k with employer match

Adjustable desks

Job summary

First National Bank of America is seeking a Purchase Assurance Pricing Coordinator to support accurate pricing, validation, and purchase of residential mortgage loans within the Secondary Marketing team. The role ensures pricing data integrity and timely, compliant processing across the loan sale workflow.

The position is a full-time, in-person role at our East Lansing, MI office. You will collaborate with sales, due diligence, and operations teams to respond to lender inquiries and maintain

Qualifications

• 2+ years of experience in loan pricing, secondary marketing, or mortgage operations
• Pricing sheets, rate matrices, and investor guidelines knowledge
• Strong attention to detail and organizational skills
• Proficient in Microsoft Office (Excel)

Responsibilities

• Validate loan pricing and eligibility as part of the loan purchase process
• Review and enter purchase advice and settlement data with investors
• 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 and update loan statuses

Skills

Attention to detail

Communication

Independent worker

Microsoft Office

Tools

Excel

Encompass or equivalent LOS

Job 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.

This role is a full-time, in-person role at a single location: Our East Lansing, MI office.

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 Bankof America is an Equal Opportunity Employer.