County National Bank's (CNB) mission is to "sustain its deep commitment to the community and to its traditions of excellence in all aspects of banking. We will continue to provide outstanding client service and solid financial performance."

We invite you to share in our mission and vision as a community banker, making a difference in your community while experiencing excellent benefits and career opportunities.

CNB is looking for an energetic and motivated individual to join our team in either Hillsdale, MI

Manages the sale of loans to investors in the secondary market, aiming to optimize pricing and manage risk for bank. Key responsibilities include generating internal interest rate sheets; executing interest rate locks, managing market pricing; executing sales of loans and delivery of loan packages; ensuring loans meet investors' guidelines; performing investor reporting; and maintaining investor relationships.

JOB SUMMARY

Daily Reporting/Tracking

Generates and distributes Daily Pipeline report

Generates and distributes Daily Applications report

Mortgage Tracking Log

Pricing & Rates

Retrieves daily pricing from secondary market investors.

Updates pricing in loan origination software.

Publishes daily mortgage rate sheet.

Rate Locks

Processes rate lock requests from origination staff.

Reviews loan product eligibility and pricing adjustments.

Commits eligible loans to contracts with secondary investors.

Maintains lock information in loan origination software.

Tracks contract expiration dates for delivery deadlines.

Monitors warehouse loans for potential delivery to secondary investors.

Loan Delivery

Performs delivery of closed loans to investors.

Maintains tracking of pipeline for on-time delivery of loans to maximize income and meet investor contract expiration dates.

Maintains tracking of delivered loans in loan origination software.

Maintains tracking of FHLBI MCC

Processes final submission for loan Guarantee to USDA for GRH loans.=

Investor Remittance, Reporting/Balancing - FHLBI

Processes daily FHLBI P&I payments

Processes daily FHLBI Payoffs

Creates and submits monthly portfolio servicer report to FHLBI

Reconciles monthly FHLBI Notice of "Automatic Withdrawal" & "Cash Tran" reports

Account Balancing

FHLBI Custodial DDA -- Daily

Loan Custodial Module -- Daily/Monthly

Mortgage and Title Policy Tracking

Monitors receipt of Recorded Mortgages and Final Title Policies for closed loans

Reports outstanding items to Second Vice President -- Loan Administration - Monthly

WORKING CONDITIONS

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the work environment will include:

Works in a normal office environment.

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County National Bank

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Secondary Market Specialist - (Hillsdale)