Secondary Market Administrator

This position is a hybrid position working from Spokane or Liberty Lake, Washington or Post Falls or Coeur d'Alene, Idaho. The Secondary Market Administrator develops and maintains the secondary market initiatives for the credit union by maintaining favorable relationships with our investor partners, coordinating the delivery of loan sales to maximize profitability, monitoring the interest rate risk position of real estate loan pipeline, making recommendations on pricing strategy and providing continued analysis of the real estate product portfolio.Core Job Requirements/OutcomesEnsure accurate pricing is being delivered to our members by managing the loan pricing engine, monitoring all business rules within the pricing engine, reviewing investor interfaces, partnering with the Balance Sheet Strategist and providing guidance to the Secondary Market Specialist on the day to day lock desk activities.Administer the selling of loans into the secondary market to maximize profitability for the credit union by determining the appropriate investor, delivery method, delivery timeframe and monitoring of pipeline tracking and loans committed for sale.Maintain a competitive real estate product mix by providing continued analysis of the real estate market, doing product and rate shopping of market peers, staying informed of product offering from our investor partners and researching new product ideas as directed by the Real Estate Lending Administration Manager & Real Estate Leadership.Other Essential FunctionsManage the interest rate risk position on all real estate loans as well as maintain adequate secondary market forward coverage for all saleable loans.Ensure compliance with real estate mortgage pricing, rate locks, investor reporting and secondary market requirements, federal and state regulations and credit union policies and procedures.Provide strategic direction and leadership for the secondary market team. Ensure that all loans are delivered and sold according to the standards established by the credit union and external investors.Prepare monthly reports and conduct analyses including, but not limited to, profitability, product competitiveness, lock desk and loan shipping efficiencies and various senior leadership requests.Collaborate with the Real Estate Management on product development and pricing exceptions.Maintain relationship with Accounting and Servicing as the lead in system collaboration.