[Hiring] NQE Pricing Specialist @CrossCountry Mortgage, LLC

Role Description

The NQE Pricing Specialist is responsible for managing the pricing and rate-lock process for Non-QM mortgage loans, with a focus on exception pricing, off-sheet offerings, and risk-based pricing decisions. This role serves as a critical liaison between Sales, Credit, and Secondary Marketing to support pricing that is competitive, compliant, and aligned with CCM’s strategic objectives in a dynamic, exception-driven environment.

Job Responsibilities

• Report as a member of Non-QM rate lock desk, including issuing lock confirmations, tracking lock expirations, and maintaining compliance with lock policies.
• Assess and price exception scenarios that fall outside standard rate sheets, working closely with Credit and Underwriting teams to evaluate compensating factors and layered risk.
• Issue accurate and timely pricing quotes for Non-QM products, including base and exception-level pricing, off-sheet rates, and custom takeout pricing.
• Analyze loan-level risk characteristics, including credit, assets, income, occupancy, and documentation; determine appropriate pricing overlays or exceptions based on investor appetite and internal guidelines.
• Collaborate with the Secondary Marketing and Capital Markets teams to ensure that offered pricing aligns with hedge positions, investor guidelines, and market movements.
• Monitor pipeline health and manage pricing exceptions throughout the loan lifecycle, identifying and resolving pricing discrepancies pre- and post-closing.
• Keep abreast of market conditions, LLPA updates, investor guideline changes, and Non-QM trends that may have an impact on pricing or lock policy.
• Document pricing exceptions and justifications thoroughly in the loan origination system and CRM, ensuring transparency and audit readiness.
• Provide insights and reporting to management on exception trends, investor hit rates, lock fallout, and margin impact.
• Ensure all rate lock and pricing actions adhere to compliance standards, investor requirements, and internal controls, especially within the context of the non-QM market.

Qualifications

• Bachelor’s degree in Finance, Economics, Business, or a related field preferred, or equivalent combination of education and experience in mortgage banking.
• 3+ years of experience in Non-QM pricing or rate lock desk operations, with direct responsibility for exception pricing decisions.
• Advanced experience with Non-QM guidelines, investor overlays, and borrower risk evaluation criteria.
• Excellent analytical, quantitative, and decision-making skills.
• Advanced collaboration and communication skills to interact effectively with Sales, Credit, Capital Markets, and external partners.
• Excellent organizational, task-management, and attention-to-detail skills applied consistently to achieve objectives.
• Experience with pricing engines such as Optimal Blue and LoanSifter.
• Experience with Encompass loan origination system.

Benefits

• Competitive compensation plan.
• Robust benefits package, including medical, dental, and vision.
• 401K plan.
• Company-provided short-term disability.
• Employee assistance program.
• Wellness program.