Secondary Market Specialist - Secondary Market

Washington Trust Bancorp, Inc.Mcgowan Corners, RI

Job Description

Secondary Market SpecialistThe Secondary Market Specialist supports the sale and delivery of residential mortgage loans to investors. This role is responsible for ensuring accurate loan delivery, funding, reconciliation, reporting, servicing transfer activities, and compliance with investor and internal requirements. The ideal candidate is highly organized, detail-oriented, and experienced in mortgage operations.

Key Responsibilities

Review mortgage loan files for completeness and investor readiness.Deliver mortgage loans and required documentation to investors within established deadlines.Maintain accurate loan sale records in internal and investor systems.Provide lock desk support, including processing lock requests, extensions, relocks, and changes.Coordinate with underwriting, closing, servicing, and finance teams to resolve funding and delivery issues.Process loan funding activities and related accounting entries.Reconcile loan sale activity and support monthly financial reporting.Complete servicing-released and servicing-transfer requirements, including required borrower and insurance notifications.Research and resolve discrepancies related to loan sales, investor purchases, and documentation.Support investor reviews, audits, quality control reviews, and compliance testing.Maintain departmental procedures, documentation, and workflow guides.Assist with system testing, reporting validation, and process improvements.

Qualifications

Associate degree in Business, Finance, Accounting, or a related field preferred, or equivalent experience.3+ years of experience in banking, mortgage lending, loan operations, financial services, or a related field.Proficiency in Microsoft Word and Excel.Strong attention to detail and ability to manage multiple priorities and deadlines.Excellent organizational, problem-solving, and communication skills.Ability to interpret investor requirements and apply procedures accurately and consistently.

Core Competencies

Operational Excellence and AccuracyAccountability and Follow-ThroughOrganization and Time ManagementResearch and Problem ResolutionCollaboration and Customer ServiceProcess Improvement and DocumentationConfidentiality and Sound Judgment

Why Join Us?Join a collaborative mortgage operations team where your expertise will help ensure the successful delivery and servicing of residential mortgage loans while supporting operational excellence and customer satisfaction.

Compensation: A good‑faith, reasonable estimate of the base salary range for this role is $54,000 to $67,000, and the actual offer will depend on factors such as experience, skills, training, certifications, and education. This base salary reflects one component of our competitive compensation package. This position may be eligible for an annual bonus and includes a comprehensive benefits package.

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FAQs About Secondary Market Specialist - Secondary Market Jobs at Washington Trust Bancorp, Inc.

What is the work location for this position at Washington Trust Bancorp, Inc.?

This job at Washington Trust Bancorp, Inc. is located in Mcgowan Corners, RI, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.

What pay range can candidates expect for this role at Washington Trust Bancorp, Inc.?

Employer has not shared pay details for this role.

What employment applies to this position at Washington Trust Bancorp, Inc.?

The employer has not provided this information. This may be discussed during the hiring process.

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