Mortgage Trader

Guild Mortgage•San Diego, CA

2d•$99,000 - $150,000

About The Position

Guild Mortgage Company , closing loans and opening doors since 1960. As a mortgage banking firm we are dedicated to serving the home owner/buyer. Our goal is to provide affordable home financing for our customers, utilizing the best terms available while providing a level of professionalism and service unsurpassed in the lending industry. Position Summary The Mortgage Trader is responsible for managing interest rates risk for the organization through pricing and executing MBS and whole loan trades on multiple platforms, with limited direction, for the purpose of loan sales and pipeline hedging. This role will also be responsible for setting asset values, rate sheet generation, supporting Production via Lock Desk responsibilities and performing other duties as assigned. Compensation This role is an exempt position with a Targeted Salary Range of $99,000 - $150,000 annually. Compensation at Guild is influenced by a wide array of factors including but not limited to local and federal minimum wage requirements, education, level of experience, and applicant’s geographical location. 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. 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.

Requirements

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.
Ability 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.
Customer Service - Proactive attention to each person
Integrity - Do and say what's right
Respect - Treat others with dignity
Collaboration - Listen and work together
Learning - Seek knowledge and strive for improvement
Excellence – Deliver the unexpected

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.