Apply on Employer Site

Guild Mortgage · 1 day ago

Mortgage Trader

San Diego, CA

Full-time

Onsite

Mid, Senior Level

$99K/yr - $150K/yr

4+ years exp

Guild Mortgage Company has been dedicated to serving homeowners and buyers since 1960. The Mortgage Trader is responsible for managing interest rate risk through pricing and executing trades, while also supporting production and performing various duties related to loan sales and pipeline hedging.

Consumer LendingLendingMortgageReal Estate

Responsibilities

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

Has functional knowledge to form and trade FNMA/FHLMC/GNMA pools

Identify opportunities and implement solutions to improve operational effectiveness

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

Assist in researching and onboarding new Wall Street broker dealers

Work directly with sales force on establishing pricing, locking, and policies related to mortgage loans

Build and maintain effective relationships with sales force by providing friendly and knowledgeable customer service

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

Work to distribute technical knowledge throughout team

Review the output of junior-level teammates, and provide subsequent assessments and recommendations to Management

Provide analysis and work on special initiatives and projects from Management

Perform other duties as assigned

Qualification

Mortgage-backed securities tradingInterest rate risk hedgingBloomberg FIT PlatformMCT hedging platformFinancial analysisMicrosoft Office SuiteCustomer serviceAnalytical skillsCommunication skillsOrganizational skills