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Commercial Bank - CTL Pricing Analyst (Irvine, CA)

Req #: 170112468
Location: Irvine, CA, US
Job Category: Account Servicing
Job Description:

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its JPMorgan Chase & Co brands. JPMorgan Chase & Co.is committed to providing a comprehensive set of benefits choices to meet different employee needs and lifestyles, which include choices such as Flexible Work Arrangements with periodic work from home and non-standard business hours, fully paid parental leave time, health care insurance and retirement benefits.

 

Commercial Banking serves more than 30,000 clients, including corporations, municipalities, financial institutions, and not-for-profit entities with annual revenues generally ranging from $20 million to $2 billion. The Firm's broad platform positions the Commercial Bank to deliver extensive product capabilities - lending, treasury services, investment banking, and asset management - to meet our clients' domestic and international financial needs.

 

This position is responsible for validating loan pricing for interest rate lock requests. The primary function of this position is to ensure pricing is accurately processed in the loan origination system in accordance to company policies and guidelines. Additional responsibilities include responding to pricing related questions raised by internal team members, prioritizing submitted lock requests and generating lock confirmations.

 

As a CTL Pricing Analyst , your responsibilities would include:

  • Validate pricing of basic to complex lock requests to ensure pricing is correct and properly processed.
  • Accurate and timely input of rate lock data.
  • Monitor, sort, prioritize and distribute incoming lock requests via GM mailboxes to ensure requests are processed within mutually agreed upon Service Level Agreements (SLA's).
  • Handle all pricing exceptions, renegotiations and rate lock extensions.
  • Must be able to achieve an average of 95% or greater pricing accuracy. 
  • Generate lock confirmations upon completion of the lock request, as required. Maintain all supporting documentation (e.g. agreement and pricing grid).
  • Research policy and procedures to validate appropriate course of action needed to properly lock or respond to pricing related topics. Respond to price variance reports and manual audits. Answer all questions related to the appropriate pricing of a loan.
  • Must be able to comply with strict GAD requirements for pricing and safekeeping of sensitive customer's information.

Qualifications:
  • Bachelor's Degree preferred; High School Diploma or GED required.
  • 2 or more years mortgage industry experience or pricing-related experience.
  • Ability to work well with peers, immediate management, and other individuals outside of the team.
  • Very strong mathematical skills.
  • Excellent oral and written communication skills.
  • Strong organizational skills, including good judgment and decision making abilities.
  • Must be highly motivated, committed and detail oriented individual.
  • Self -starter with a strong sense of urgency and outstanding work ethic. 
  • Excellent interpersonal skills necessary to work effectively with a variety of individuals and departments within Commercial Term Lending.
  • Strong PC skills on Microsoft Excel and Word.
  • Ability to handle multiple projects at the same time and able to perform in a high pressure, time sensitive environment.

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