VP of Correspondent Pricing

2 days ago

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Champions Funding LLC

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Description

• Develop and manage competitive pricing models for Non-QM loans, adjusting for market conditions, internal guidelines, and economic factors • Administer pricing engine setup (e.g., OB, LoanNEX) and ensure accurate pricing updates • Develop and oversee bulk bidding and pricing, ensuring alignment with loan sale execution • Serve as the primary contact for correspondent leadership and sales team, addressing pricing and performance issues • Manage lock and mandatory desk operations, ensuring timely loan lock execution • Monitor market conditions and competitor activity to update pricing strategies • Collaborate with senior leadership to optimize pricing and operational capacity for margin growth • Support cross-functional teams (sales, underwriting, operations) to ensure alignment on pricing and product offerings • Leverage Encompass to streamline loan origination and pricing processes

Requirements

• 2+ years of experience in correspondent pricing as the investor • Strong understanding of mortgage banking economics, including correspondent lending revenue generation • Understanding of the Non-QM market and pricing elements • Experience with bulk bidding, pricing engines (OB, LoanNEX), and lock/mandatory desk operations • Proficiency in Encompass or similar LOS platforms • Strong Excel skills (pivot tables, financial modeling) and familiarity with financial data tools • Effective communication, analytical, and problem-solving skills • Detail-oriented, with the ability to manage multiple priorities in a fast-paced environment