Price Desk Coordinator

Company: Compeer Financial
Location: Sun Prairie
Posted on: February 12, 2025

Job Description:

Empowered to live. Inspired to work.
Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin. We bring together team members with a variety of backgrounds and experiences to help provide financial services to support agriculture and rural communities. Join us in a culture that not only promotes meaningful work and professional development, but provides a flexible, hybrid work environment and excellent benefits, which empower you to thrive both personally and professionally.
How we support you:

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• Hybrid model - up to 50% work from home
  
• Flexible schedules including ample flexibility in the summer months
  
• Up to 9% towards 401k (3% fixed Compeer contribution plus up to 6% match)
  
• Benefits: medical, dental, vision, HSA/FSA, life & AD&D insurance, short-term and long-term disability, wellness program & EAP
  
• Vacation, sick leave, holidays/floating holidays, parental leave, and volunteer paid time off
  
• Learning and development programs
  
• Mentorship programs
  
• Cross-functional committee opportunities (i.e. Diversity & Inclusion Council, emerging professional groups, etc.)
  
• Professional membership/certification reimbursement and more!
  
  Casual/seasonal & intern team members are not eligible for benefits except for state-mandated programs.
  To learn more about Compeer Financial visit . Where you will work:
  This position offers a hybrid work option up to 50% remote and is based out of the Rochester or Mankato, MN, or Onalaska, WI office locations, or any Compeer office location in .
  The contributions you will make:
  This position is responsible for managing the mortgage price desk, ensuring adherence to pricing and rate lock protocols, organizational lending requirements, and compliance with secondary market guidelines. In this role, you will provide audit, reporting and some system administration related to the pricing system, eVault, and the mortgage registration system, MERS, ensuring processes are compliant with investor, regulatory, and internal requirements. Supports quality control by pulling and organizing department and organizational reports, facilitating the formulation of data to assist leadership in determining strategic direction for the department, ensuring adherence to organizational lending requirements, understanding industry best practices and performance against industry norms, and providing exceptional client service throughout the life of the loan. Provides accurate and timely audit and reporting of legal, servicing, and compliance requirements for the purpose of identifying training needs and opportunities for enhancements. Ensures loans are being completed in accordance to program and investor requirements, as well as Farm Credit Administration, State and Federal regulations and policies.
  A typical day:
  
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  • Primary point of contact for all price desk related activities including but not limited to: rate locking, extending locks, re-pricing, and sending rate sheets.
    
  • Oversees the administration and execution of all tasks and operations associated with the pricing system, ensuring effective functionality and accurate data.
    
  • Collaborates with internal departments and vendors on pricing projects that support strategic objectives.
    
  • Serves as the primary contact with Freddie Mac, overseeing the management of the selling system, handling contracts, invoicing, and accounting, as well as uploading files, conducting research, and resolving issues.
    
  • Administer the eVault system, ensuring that all loan documents are properly indexed, stored, and accessible for internal and external audits. Perform regular audits and troubleshooting issues related to eVault functionality.
    
  • Manages the MERS (Mortgage Electronic Registration System) process, ensuring that all loans are properly registered and tracked in the system.
    
  • Maintains and reviews point of sale and LOS (Loan Origination System) analytics, and pricing system, provides regular and timely reporting of results and identifies training needs and opportunities for enhancements as needed
    
  • Develops, builds and maintains organizational and system analytics for the purpose of client trend analysis, sales strategy development, and efficiency/process analytics.
    
  • Efficiently reviews samplings of Compeer Home loan files for compliance, completion, and accuracy regarding Farm Credit Administration Regulations, Federal Lending Laws, as well as Portfolio, Freddie Mac and Farmer Mac investor requirements.
    
  • Coordinates loans to review with the 3rd Party QC Vendor, TENA. Reviews findings and assigns grades.
    
  • Reviews all loans that are HMDA reportable to verify items required by Reg C are present and correct and manages monthly upload to reporting system.
    
    The skills and experience we prefer you have:
    
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    • Associates Degree in business administration, agribusiness or related field OR an equivalent combination of education and experience sufficient to perform the essential functions of the job.
      
    • Expert-level experience in mortgage banking.
      
    • Advanced knowledge of Federal Regulations regarding Home Mortgage Disclosure Act (Reg. C).
      
    • Advanced knowledge in Federal Consumer Lending Regulations (including ECOA, HMDA, FCRA, SAFE, TILA, RESPA, MLA, Flood, etc.), FCA lending policies, and Compeer lending policies and procedures.
      
    • Solid knowledge of consumer lending documentation requirements.
      
    • Basic understanding of mortgage loan pricing.
      
    • Basic understanding of reporting, data analytics, accounting and underwriting.
      
    • Must be able to communicate with a high degree of professionalism with regards to audit results performed by Quality Review Team and other internal and external audits.
      
      How we will take care of you:
      Our job titles may span more than one career level (associate, senior, principal, etc.). The actual title and base pay offered is dependent upon many factors, such as: training, transferable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future. This role is eligible for variable compensation and other benefits.Base Pay$45,900 - $72,100 USDCompeer Financial is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.
      Must be authorized to work for any employer in the United States. Compeer is unable to sponsor or take over sponsorship of an employment visa at this time.

Keywords: Compeer Financial, Madison , Price Desk Coordinator, Other , Sun Prairie, Wisconsin