Patelco Credit Union

  • Home Loan Pricing Specialist

    Job Locations US-CA-Pleasanton
    Req No.
    Mortgage Lending
    Temporary Full-Time
  • Overview

    Responsible for receiving, validating and inputting rate lock requests; Prepares, packages and ships funded loan packets earmarked for sale on the secondary market to investors.


    • Performs the functions of the rate lock desk for the home loan department including: validating rate lock requests, checking loan status, and assisting the Secondary Market AVP with forward commitments
    • Packages loans to be sold on the Secondary Market and verifies all necessary documents are present and complete for shipment to investor
    • Audit allonges and Assignments for loans to be sold. Coordinate and executes the shipping of commitments to investors
    • Updates the Loan Origination system with secondary market data
    • Maintains investor pipeline reports. Assists the QC/Audit process with requested documents and complete files.
    • Ensures the team, through example, provides the highest level of member service and strives to be and teach personal ownership of member experience.
    • Communicates pertinent information to Home Loan Consultants, Loan Processors, Underwriter and management, in facilitating the processing of Home Loans.
    • Use reports, pipelines, and personal observations to accomplish tasks in a timely manner.
    • Understand and comply with all applicable federal and state laws and banking regulations (including those related to OFAC and Bank Secrecy Act / Anti-Money Laundering compliance) and Patelco Credit Union’s policies and procedures


    • High School diploma or General Education Degree (GED)
    • At least 2+ years work experience in a home loan related field
    • 1 year experience as a rate lock specialist or processing assistant or loan set-up clerk

    Competencies Required

    • Ability to add, subtract, multiply and divide in all units of measure, and common fractions and decimals. Ability to compute rate, ratio and percent and to draw and interpret bar graphs. Must have basic accounting principles and able to apply to everyday responsibilities.
    • Able to effectively communicate with management, co-workers and external parties.
    • Knowledgeable in Microsoft applications and familiar with mortgage origination software
    • Requires good judgment and sound decision making when evaluating circumstances
    • Attention to detail in reviewing documents and process flow
    • Excellent communication and collaboration with internal partners within the Mortgage Lending department as well as the Credit Union
    • Able to work in a fast paced environment with tight deadlines


    Patelco Credit Union is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status or disability.



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