Mortgage Trader

Guild Mortgage Company

Guild Mortgage Company, closing loans and opening doors since 1960. As a mortgage banking firm we are dedicated to serving the homeowner/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.

Qualifications

• Bachelor's Degree in Finance or Accounting strongly preferred, or related field to the position.
• 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

Supervision

• Job Scope: Responsible for understanding the department/functional area objectives and goals and how own job contributes to achievement of these goals; may contribute insights and ideas on policies, processes, procedures, and efficiency; may recommend changes and enhancements based on analysis and evaluation of circumstances
• Complexity: Problems are often complex and specialized and may involve unprecedented circumstances; resolution requires investigation, analysis and review of professional/organizational standards
• Impact: Decisions and actions have an impact on the smooth operation and timeframes of the department, programs/projects; impact on the broader organization is generally indirect
• Interaction/Supervision: Acts as a mentor/guide to less experienced professional contributor staff in a similar role; works independently and only under general direction; guided by professional standards, desired outcomes, and project plan specifications
• Indirect Reports: 2

Requirements

Physical: Work is primarily sedentary; mobility in an office setting.

Manual Dexterity: Frequent use of computer keyboard and mouse.

Audio/Visual: Ability to accurately interpret sounds and associated meanings at a volume consistent with interpersonal conversation. Regularly required to accurately perceive, distinguish and interpret information received visually and through audio, e.g., words, numbers and other data broadcasted aloud/viewed on a screen, as well as print and other media.

Environmental: Office environment moderate noise, no substantial exposure to adverse environmental conditions.

Mental: Learn new tasks, remember processes, maintain focus, complete tasks independently, and make timely decisions in the context of a workflow. This role requires effective adaptation to workplace stressors, including customer service complaints, security responsibilities, and competing priorities. Must be able to adhere to process protocol. Must be able to apply established protocols in a timely manner.

Schedules: Work is primarily performed during the business week, Monday - Friday.

Guild offers a pleasant work environment, competitive compensation and excellent benefits package; including medical, dental, vision, life insurance, AD&D, LTD and 401(k) with employer match.

Guild Mortgage Company is an Equal Opportunity Employer.

REQ#: MORTG018037