Investor Desk Analyst - First Financial Corporation - Terre Haute, IN

Typical Job Entry Requirements
(To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.) · A Bachelor’s Degree in Accounting or Finance is required.
· Prior banking experience is preferred .
· General understanding of all phases of mortgage lending.
· Requires working knowledge of and the ability to use a personal computer and various word processing and spreadsheet database software.
· Requires the ability to work independently under fast-paced conditions and changing priorities, within established guidelines and procedures.
· Requires the ability to manage a heavy workload, work effectively and produce results in a team environment.
Primary Activities
(Essential duties and responsibilities include the following. Other duties may be assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.)
· Develops and/or implements residential loan pricing distribution processes.
· Calculates annual percentage rate (APR) for various loan products for inclusion on daily rate sheet.
· Reviews new loan registrations to ensure correct pricing, adherence to guidelines and completeness of information. Directs Mortgage Origination team to correct any errors.
· Tracks flow of loans through the residential mortgage pipeline to ensure loans are closed and delivered to sale pools in a timely manner. Monitors rate lock expirations. Contacts mortgage processing center to determine expected closing dates of loans nearing end of rate lock period. Determines reasons for rate lock expirations. Communicates with mortgage processing center looking for a defined group of loans. Contacts processing center to expedite processing of loans meeting identified criteria.
· Registers loans with state housing agencies and investors as necessary.
· Maintains contact with secondary market representatives in the commitment of funds and the fulfillment and delivery of contracts.
· Originates new contracts in the secondary market.
· Manages the pipeline (including buying and selling loans and loan participation) to optimize profits and minimize losses for the Company. Coordinate with loan servicing to ensure proper servicing of packages sold.
· Hedges pipeline to minimize interest rate exposure to the Company.
· Ensures the continuance of good relations with established investors and correspondents.
· Keeps informed of short and long-term regional and national market conditions, lending trends, tax implications and other factors influencing profitable performance.
· Assists in the development of new loan services by researching regulations and conferring with consultants as needed.
· Assumes additional responsibilities as required; authorizing all mortgage interest rate changes; coordinating the education and training of other lenders in the departments and branches; developing system reports related to the secondary market; and executing all loan sale transactions and reporting results to senior management.
· Other duties as assigned.
Performance Measurements · Maximize profitability through secondary market contract management.
Competency/Skill Level
(The behaviors, knowledge, and motivations important to success in the job.)

Written and Oral Communication Skills; Flexibility; Initiative; Customer Service Orientation; Problem Assessment and Solving Skills; Attention to Detail; Individual Leadership/ Influencing;

Key Behaviors · Knowledge of Competitors
· Knowledge of Products
· Develop and Maintain Investor Relationships
· Personal Development Established with Manager
Bank Secrecy Act · Maintain sufficient knowledge and understanding of the Bank Secrecy Act, Anti-Money Laundering/Anti-Terrorist Financing/PATRIOT Act and OFAC regulations
· To be able to fulfill applicable requirements and responsibilities under the bank’s related policies and programs.
Critical Job Elements
(Essential duties and responsibilities include the following. Other duties may be assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.)
· Generally good working environment with little exposure to noise, extreme temperatures or other adverse factors.
· Limited physical effort required.
· Average amount of pressure to work efficiently and accurately.
· Considerable effort and eye strain from continued checking on the accuracy of all work leaving department.
· Average mental effort consisting of beyond normal levels of concentration, memory, complexity of decision making, time pressure, analytical thinking.