Mortgage Trader

Essential Functions

• Has functional knowledge to trade mortgage-backed securities, GSE cash whole loan commitments and other financial instruments in order to hedge interest rate risk of rate locks in the pipeline and closed loans.
• Execute electronic TBA trades through Bloomberg FIT Platform, GSE cash window and telephonically.
• Diligently observe market conditions including Intraday price changes of MBS, Treasury bonds, cash windows and private investor rate sheets.
• Applies developing knowledge to execute complex interest rate risk hedging and hedge related procedures.
• Assists in monitoring and hedging mortgage pipeline through use of MCT’s hedging platform and the iSeries platform.
• Responsible for best execution analysis and allocations of loans sold as MBS, Cash Windows, or private correspondent buyers.
• Manage BAM process to best execute and sell service released loans.
• Reconcile economics and issues related to service-released loans (Flow, Direct Trade, AOT, Pool).
• Work directly with trading team on building and enhancing relationships with Wall Street broker dealers.
• Aid in researching and onboarding new Wall Street broker dealers.
• Work directly with sales force on establishing pricing, locking, and policies related to mortgage loans.
• Maintain in-depth knowledge of loan programs and guidelines in order to assist teammates in the field, helping them operate within policies and guidelines.
• Collaborate with Production on individual loan scenarios; assist in assigning proper loan programs based on established pricing and guidelines.
• Use expertise to solve variance issues escalated by the Marketing Assistant and to respond to escalated inquiries and problems that cannot be solved by more junior teammates.
• Provide analysis and work on special initiatives and projects from Management.
• Perform other duties as assigned.

Qualifications

• Bachelor's Degree in Finance or Accounting strongly preferred, or related field to the position, preferred.
• Minimum 4 years' experience in trading related role(s).
• Passion for delivering excellent customer service.
• Intermediate math skills required.
• Highly organized and detail oriented; ability to work in a fast-paced, deadline-driven environment required.
• Familiar with basic internet searches.
• Professional demeanor while under stress.
• Able to meet deadlines while managing multiple tasks simultaneously.
• Excellent verbal and communication skills required.
• Strong attention to detail, with a focus on accuracy.
• Strong analytical and problem-solving skills.
• Excellent verbal and written communication skills required.
• Highly organized and detail-oriented; ability to work in a fast-paced, metrics-driven environment required.
• Proficiency in Microsoft Office Suite, Word, Excel, Wiki, collaborative cloud-based programs, and third-party software applications required.
• Commitment to company values.