Join our team at Mercantile Bank as a Full Time Secondary Market Specialist in Grand Rapids, MI. Imagine being at the heart of a fast-paced environment, where your financial acumen and love for detail will truly shine. Use your people skills to collaborate with the Mortgage team to find innovative solutions for our customers and for the bank.
This role will keep you engaged and stimulated, offering challenges that will enable you to grow both professionally and personally. If you thrive in a dynamic setting and enjoy working closely with others to achieve common goals, this position is perfect for you. With a competitive pay range of $24.00 - $32.00 per hour, this opportunity is not to be missed.
You will enjoy benefits such as multiple Medical, Dental and Vision plans to choose from, Company Paid Life Insurance of 3 times your annual salary, Health Savings Account, Flexible Spending Account, 3 weeks' vacation, sick time to care for yourself and your family, 11 paid holidays and a Giving Day to do work that you are passionate about in the community. We also offer Employee Assistance Program (EAP), Adoption and IVF Assistance, and a Fitness Equipment Purchase Plan.
Investing in your financial wellness and career development is also important to us. We provide 401(k) match at 100% up to the first 5% of your contribution Employee Stock Purchase Plan, 529 College Savings Plans, Discounted bank services, Legal protection, Tuition Reimbursement, Exceptional training, and development opportunities tailored to your career interests and goals. Apply now and take the next step in your career with Mercantile Bank!
A little about us
Mercantile Bank was created with a goal to deliver financial solutions that empower people and businesses to achieve their dreams, while bettering the lives of its employees and their communities. We have grown from a humble idea to over 40 locations, 5.25 billion in total assets, and nearly 700 employees. Our values remain at the heart of everything we do - through inclusivity, innovation, and collaboration, we achieve excellence every day and are accountable not only to our customers, but to our employees and the communities in which we serve. We are proud to invest in our people and our communities, and our employees show their integrity in every interaction. We believe in hiring people based on their character and if necessary, teaching them the skills they need to be successful. We focus on developing employees and seek to promote from within whenever possible. Our reputation as a great place to work didn't just happen. Our intentional efforts to provide excellent benefits, competitive wages and bonuses, volunteer opportunities, and many options for you to get involved, whether your interest is in learning more about banking, sharpening your leadership skills, or planning a fun activity we have a way for you to get connected with others in the bank and the community. We're proud (but honestly not that surprised) to be one of West Michigan's Best and Brightest Companies to Work For, 20 years and counting.
Your role as a Secondary Market Specialist
As a Secondary Market Specialist at Mercantile Bank in the Mortgage Department, you will play a pivotal role in managing rate locks for clients and investors while ensuring accurate fees and adjustments to maintain competitive interest rates. Your responsibilities will include maintaining the pricing engine, managing investor documentation, populating loan sale data, and collaborating with various teams to ensure compliance and timely file delivery. You will be the go-to person for updating rates, producing daily reports, processing rate lock requests, researching pricing issues, and conducting competitor pricing research to keep our rates appealing. Additionally, your attention to detail will be crucial in reconciling accounts, resolving issues from investors, and providing timely and accurate documentation to facilitate loan funding.
Join us at Mercantile Bank to showcase your problem-solving skills and contribute to our customer-centric approach in the mortgage industry.
Would you be a great Secondary Market Specialist?
To excel as a Secondary Market Specialist at Mercantile Bank, candidates must possess a minimum of 3 years of mortgage operations experience, preferably in Secondary Market. A bachelor's degree or a combination of related work experience and education/certifications is required. Being tech-savvy with advanced Excel skills is essential for this role, along with familiarity with general accounting principles.
Experience in committing and delivering loans to entities like Freddie Mac and Fannie Mae, as well as hedging mortgage loan pipelines, would be highly beneficial. The ability to adapt to various software and tools used in the mortgage industry is key, ensuring efficient management of rate locks, investor documentation, and loan sale data fields. Successful candidates will demonstrate strong attention to detail, analytical skills, and a proactive approach to problem-solving in a fast-paced environment.
Connect with our team today!
So, what do you think? If you can meet these requirements and perform this job as described above, we would be happy to have you as part of our team!
For more information, or to apply now, you must go to the website below. Please DO NOT email your resume to us as we only accept applications through our website.
https://mercbank.applicantpro.com/jobs/3470184-133063.html
