Pricing Specialist

This is a fully remote position, open to applicants in Ohio.

📋 Description

• Oversee the Non-QM rate-lock desk, which includes issuing lock confirmations, tracking expiration dates, and ensuring adherence to lock policies.

• Evaluate and price exception scenarios that fall outside standard rate sheets in collaboration with the Credit and Underwriting teams.

• Provide pricing quotes for Non-QM products, encompassing base, exception-level, off-sheet, and custom takeout pricing.

• Analyze loan-level risk attributes and establish pricing overlays or exceptions based on investor interests and internal guidelines.

• Review Non-QM terms, including prepayment penalties, debt service coverage ratios, and alternative income documentation.

• Work together with Secondary Marketing and Capital Markets to synchronize pricing with hedge positions, investor guidelines, and market fluctuations.

• Keep track of pipeline health and manage pricing exceptions throughout the loan's lifecycle.

• Identify and rectify pricing discrepancies before and after the loan closing process.

• Stay updated on market conditions, LLPA updates, changes in investor guidelines, and Non-QM trends.

• Record pricing exceptions and their justifications within the loan origination system and CRM.

• Deliver management reports on exception trends, investor hit rates, lock fallout, and margin impacts.

• Ensure that rate-lock and pricing actions adhere to standards, investor requirements, and internal controls.

⛳️ Requirements

• A Bachelor’s degree in Finance, Economics, Business, or a related field is preferred, or an equivalent combination of education and experience in mortgage banking.

• A minimum of 3 years of experience in Non-QM pricing or rate lock desk operations.

• Direct accountability for exception pricing decisions.

• Advanced knowledge of Non-QM guidelines, investor overlays, and borrower risk evaluation criteria.

• Strong analytical, quantitative, and decision-making abilities.

• Exceptional collaboration and communication skills, particularly with Sales, Credit, Capital Markets, and external stakeholders.

• Outstanding organizational, task management, and attention-to-detail skills.

• Familiarity with pricing engines such as Optimal Blue and LoanSifter.

• Experience with the Encompass loan origination system.

🏝️ Benefits

• Competitive compensation plan.

• Medical insurance.

• Dental insurance.

• Vision insurance.

• 401K.

• Company-provided short-term disability.

• Employee assistance program.

• Wellness program.

• Comprehensive benefits package.

• Recognition programs.