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Director of Capital Markets - Residential Mortgage

Company: DSLD Homes
Location: Baton Rouge
Posted on: January 12, 2021

Job Description:

Director of Capital Markets - Residential MortgageSUMMARYThe Director of Capital Markets is responsible for managing the secondary market activities and initiatives within home loans with a balance between tactical and strategic focus that includes policy and process design. Interfacing with key bank and departmental leadership, this position will help define and implement a long-term capital markets rate strategy that incorporates product, pricing, lock desk, pipeline management, best execution analysis, interest rate risk management, hedging, and delivery methods.PRIMARY DUTIES AND RESPONSIBILITIES* Responsible for managing the secondary market activities and initiatives within Home loans with a balance between tactical and strategic focus that includes policy and process design.* Provide functional oversight for the lock desk and investor delivery teams. Monitors and maximizes pull through rates, reporting on commitment strategies.* Mentor the Secondary Marketing Manager on all facets of the secondary marketing function.* Exercise the usual authority of a manager concerning; performance appraisals, staffing, employee development, salary recommendations and terminations.* Perform mortgage pipeline and interest rate risk management including hedging, to minimize market interest rate exposure.* Responsible for conducting studies that evaluate data on economic conditions, identify and evaluate economic trends and their impact on the market and formulate forecasts of future economic developments with regards to the residential mortgage-backed securities (RMBS) and other facets of the mortgage industry.* Define and carry out pricing and delivery strategy to achieve stable, targeted profit margins.* Establish daily secondary market pricing for saleable product and work closely with Treasury and other leadership on establishing portfolio product pricing. Monitor pricing for competitive positioning taking advantage of investor price moves and owning the product eligibility and Pricing eligibility engines.* Analyze potential loan pools that will optimize current and future loan sale opportunities. Manages the analysis of data on the performance of the sold-loan portfolio (prepayment and delinquency) for trends and comparison to industry norms. Structures pools that maximize loan inventory with investor pricing and requirements.* Develop and manage secondary market investor trading relationships. Develop awareness for capital markets issues and trends that will impact sale execution. Maximize profitability within establish guidelines through best execution analysis and choice of investor delivery methods.* Maintain up-to-date knowledge, and train others, on products, services, departmental systems, and related technology, policies and procedures. Follow all Bank policies and procedures to ensure compliance with all laws and regulations. Understand and adhere to the Bank's policies and procedures.* Develop and manage residential mortgage credit policy and standards. Works closely with internal risk, compliance and other departments to ensure company standards are met.* Responsible for new product development, guideline review, appropriate corresponding disclosures and communication to entire residential mortgage team.* Manage relationship with investors, sourcing new investors, performing annual certifications or re-certifications of investors and ensuring compliance with investor requirements.* Responsible for management of Correspondent Lending channel.* Other duties as assigned.REQUIRED SKILLS* Knowledge with competitive intelligence methods and practices.* Complete knowledge and understanding of bank operations, policies and procedures.* Excellent written and communication skills, including ability to deal professionally with issues, problems, and questions.* Excellent attention to detail and accuracy; good organizational, research and follow-up skills.* Ability to interact with all levels of clients (internal/external), staff, and management.* Ability to exercise independent judgment and employ basic reasoning skills.* Ability to work successfully in a deadline driven, high pressure, fast-pace, ever changing team environment.* REQUIRED EXPERIENCE* Bachelor's Degree in a business-related field and a minimum of 10 years' experience in Residential Mortgage Secondary Marketing.* Experience must include dealing with FNMA, FHLMC and Ginnie Mae.* Prior managerial experience.* Experience managing banks portfolio structure, mix of business and performance.* Strong experience as a Secondary Market Manager with responsibility for product, pricing, portfolio sales.* Experience with the use of secondary market research data/audits.* Experience in Optimal Blue and Encompass a plus.SALARYBased on experience.BENEFITSDSLD Mortgage offers a benefits package for full-time employees that includes, but is not limited to, medical, dental and vision coverage, 401(k) with employer match, long term disability, life insurance and paid vacation.Please visit www.dsldhomes.com for more information.Candidates cannot be on one of the lists below in order to be considered for the position.* U.S. General Services Administration (GSA) Excluded Parties List (EPL).* HUD Limited Denial of Participation List (LDP List).* Federal Housing Finance Agency's (FHFA) Suspended Counterparty Program (SCP) list. DSLD is an Equal Opportunity Employer#CB

Keywords: DSLD Homes, Baton Rouge , Director of Capital Markets - Residential Mortgage, Executive , Baton Rouge, Louisiana

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