Joseph Borek
About Joseph Borek
Joseph Borek serves as the Vice President of Residential Lending Operations at Meridian Bank PA, where he has worked since 2010. He specializes in risk management strategies and pricing analysis for loan products, leveraging his extensive experience in the mortgage industry.
Work at Meridian Bank
Joseph Borek has served as the Vice President of Residential Lending Operations at Meridian Bank in Plymouth Meeting, PA since 2010. In this role, he oversees various aspects of residential lending, including the supervision of the Rate Lock Desk function and the administration of the secondary marketing interest rate lock policy. He is responsible for managing interest rate risk related to mortgage loans, ensuring that loans are maintained in the portfolio and delivered to the secondary market effectively. Borek has also designed and developed both wholesale and retail mortgage rate sheets, contributing to the bank's operational efficiency.
Education and Expertise
Joseph Borek studied Business Administration at Penn State University, where he earned his Bachelor's degree from 1998 to 2002. His educational background provides a solid foundation for his expertise in residential lending operations. Borek's professional skills include conducting best execution analysis on pricing for loan products, developing risk-management strategies, and performing daily analysis of position reports to assist in hedging decisions.
Background
Prior to his current role at Meridian Bank, Joseph Borek worked at Harleysville National Bank as a Secondary Marketing professional from 2009 to 2010. He also held a position as a Secondary Marketing Analyst at Allied Mortgage Group for a brief period in 2010. His experience in these roles has contributed to his understanding of secondary market investment tools and techniques, which he now applies in his current position.
Achievements
In his role at Meridian Bank, Joseph Borek has successfully set up the Loan Origination System (LOS) with pricing and adjustments to streamline operations. He negotiates with primary investors for 'one-time' exceptions on products outside allowable contract guidelines, demonstrating his ability to navigate complex lending scenarios. Additionally, he researches and develops new investor relationships, programs, and tools to enhance the bank's offerings, showcasing his commitment to improving operational capabilities.