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What do lock desk analysts make?
The national average salary for a Lock Desk Analyst is $64,576 in United States.
How does a mortgage lock desk work?
A mortgage rate lock guarantees the current rate of interest on a home loan while a home buyer proceeds through the purchase and closing process. This lock protects borrowers from the potential of rising interest rates during the home buying process. A rate lock period will typically be 30 to 60 days.
What is lock desk secondary marketing?
The Secondary Marketing Analyst will support the lock desk by processing daily rate locks, change requests, and extension requests while adhering to and enforcing NRL's lock policy.
Related Question what is a lock desk analyst
How much does a capital markets analyst make?
Salary Ranges for Capital Markets Analysts
The salaries of Capital Markets Analysts in the US range from $16,765 to $453,332 , with a median salary of $81,446 . The middle 57% of Capital Markets Analysts makes between $81,447 and $205,365, with the top 86% making $453,332.
Can I change my mind after locking in a mortgage rate?
Yes, you can change lenders after locking a rate. But you'll have to start the application process over with your new lender. That means getting pre-approved, submitting all your documents, and waiting for underwriting — twice. All in all, closing a mortgage or refinance usually takes more than a month.
Does it cost to lock in a mortgage rate?
How much does a rate lock cost? Many mortgage lenders do not charge for a mortgage rate lock or rate extension. Among those that do, you're typically looking at 0.25% to 0.50% of the total loan amount for a rate lock (of 60 days or less), and between 0.06% and 0.375% for an extension.