Senior Mortgage Trader

3 weeks ago


Thousand Oaks CA USA, United States PennyMac Full time
Job Overview

The Senior Analyst, Whole Loan Trading plays a pivotal role in the acquisition, valuation, and sale of whole mortgage loans. This position requires a deep understanding of mortgage markets, credit risk analysis, and trading strategies to maximize profitability while managing risk.

Key Responsibilities
  • Prepare whole loan offerings by reviewing loans to be included in offerings and producing a tape for offering.
  • Identify which loans are ready for inclusion in future auctions and review the whole loan data management system to ensure accurate condition and exception reasons.
  • Develop and enhance the Whole Loan Data Management and reporting system to track selection, aging, investor kick frequency, and reasons.
  • Manage the whole loan data management system to track and select loans for whole loan trades.
  • Complete ongoing analysis of whole loan best execution, including daily pricing analysis and competitive pricing in bulk.
  • Identify trade optimization opportunities and build connections to front-end pricing strategies.
  • Review all early pay-off and early payment claims with Mortgage Finance to rebut or work to minimize loss negotiating price adjustments.
  • Develop additional executive dashboards and reports to provide full transparency to management on whole loan executions and pipeline position.
Requirements
  • Bachelor's degree in Finance, Economics, or a related field, or equivalent work experience.
  • 3+ years of work experience in whole loan mortgage trading or mortgage-backed securities trading experience.
  • Strong Excel, SQL, and analytical skills.
  • Critical thinking and strong math skills to analyze complex financial data, assess risk, and make informed decisions.
  • Understanding of financial concepts such as Amortization, Present Value, Future Value, Net PV, Return, and Discount.
  • A team player with strong attention to detail and able to work independently.
Why Join Pennymac?

Pennymac is a leading mortgage lender that has helped over 4 million lifetime homeowners achieve and sustain their aspirations of homeownership. Our vision is to be the most trusted partner for homeowners. We are guided by our core values of being Accountable, Reliable, and Ethical in all that we do.

Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth, while fostering an equitable and inclusive environment where all employees and customers feel valued, respected, and supported.

We offer a comprehensive benefits package, including medical, dental, and vision coverage, paid time off, wellness programs, employee recognition programs, and retirement benefits.


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