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Mortgage Trader

Location: Dallas, TX, United States
Req ID: 013378

Job Description

Description

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Ready to be a Cooper too? This might just be right up your alley!

We’re here to keep the dream of home ownership alive. Oh, and while we’re at it, we’re determined to change the lending industry itself. It’s simple, but it won’t be easy. And we’ll need a great team behind us. (That’s where you come in.) We want to show the world that transparency, candor and collaboration aren’t just good values. They’re good business. Working here isn’t for people who want to punch a clock. It’s for people who want to punch a hole in the status quo. Come join us. And make a difference instead of just a living.

Job Summary:

The Mortgage Trader will report to the AVP Secondary Marketing Operations will be responsible for assisting in the development and execution of Mr. Cooper’s trading, loan pricing and pipeline hedging strategies. The position's primary responsibility is to work with the Traders to ensure that interest rate risk is evaluated correctly for loans to be sold in the Secondary Market. Individual will possess a strong working knowledge of loan pricing, pipeline hedging strategies, Fixed Income and Secondary Marketing.

Roles & Responsibilities: 

  • Issue mandatory delivery commitments to investors of available product as needed to ensure price optimization.
  • Maintain up-to-date knowledge and compliance with internal policies and procedures. Understand and ensure compliance with laws, rules, and regulations affecting our institution.
  • Monitor market conditions, investor sentiment and trading volume/activity
  • Regularly communicate emerging market dynamics and valuation trends to other team members
  • Review, maintain and recommend procedures for efficiency improvements
  • Bidding procedures will involve analysis of loan level bid tapes, applying attribute pricing adjusters, updating applicable market changes, and communication of the bid.
  • Assist in the development of a mortgage trading strategy meant to maximize profits while reducing risk.
  • Perform analyses as are needed from time to time to ensure that the security and rate lock positions are appropriately structured to minimize risk and maintain a stable net market value status

Core Requirements: 

  • Graduation from a 4-year college or university is preferred.  Will consider the equivalent combination of job experience & education that demonstrates the ability to perform the essential functions of this job.
  • At least one year of working experience in secondary marketing preferred.
  • Analytical experience specifically in the mortgage market with a solid understanding of correspondent lending. 
  • Knowledge or Experience of Fixed Income/Mortgage/Capital Markets a plus
  • Proficiency with Microsoft Excel
  • 2 - 4 years or more of related experience
  • Professional demeanor, effective interpersonal and communication skills with a diverse range of individuals/customers. 
  • Effective problem resolution and decision-making skills; record of making sound business decisions. Possess a sense of anticipation and foresight to avoid challenging problems and/or difficult situations. 
  • Experience with VBA and/or SQL is a plus

Mr. Cooper is committed to nurturing a diverse and inclusive environment where every employee is empowered to be their authentic self.  We know that a large part of our success as a business is directly tied to our ongoing efforts to attract and retain diverse talent and maintain an inclusive environment where each employee can thrive.  Embracing and leveraging diversity through an inclusive work environment fosters new ideas, new insights, and constant innovation.  We strive to weave the principles of diversity and inclusion throughout the fabric of how we work, how we interact, and how we engage with our customers and the community.

Job Requisition ID:

013378

Job Category:

Originations

Primary Location City:

Dallas

Primary Location Region:

Texas

Primary Location Postal Code:

75019

Primary Location Country:

United States of America

Posting Organization:

Mr. Cooper

Line of Business:

Origination

Additional Posting Location(s):

Alternate Requisition:

No
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