Senior Director Capital Markets - MSR
Posted on: 25 May 2021
Ann Arbor, MI
Job Description
Buying a home is the cornerstone of the American dream, yet the process can be complicated and confusing. That’s why Homepoint is on a mission to create financially healthy, happy homeowners.
Homepoint Is a rising star in the mortgage industry with a culture that encourages community, caring, and open communication. We want our Associates to speak up, become innovators and make impactful changes – no matter what position they hold within the company. What makes our team special is our people-first operating philosophy,
“We Care”.
Homepoint is the third-largest wholesale lender and the 12th largest correspondent lender in the U.S. We are headquartered in Ann Arbor, MI and offer positions throughout the nation with over 2,500 Associates and 300,000 serviced customers.
If you thrive in a fast-paced environment and are looking for an opportunity to grow and develop your career, then we have the perfect opportunity for you!
Reporting to Senior Managing Director, Capital Markets the Senior Director - MSR will be responsible for managing detailed analyses of the Mortgage Servicing Right (MSR) asset and related valuation within HPFC’s MTM pipeline and pricing. These analyses include prepayment and default, performance and modeling, key risk metrics and detailed valuation attributions. The Senior Director will have a thorough knowledge of the key assumption inputs that generate the discounted cash flows attributable to the MSR valuation, both Fair Market Value (FMV) and HPFC Economic Value. The Senior Director will monitor reasonableness of key valuation assumptions to appropriate industry benchmarks and identify areas for modeling enhancements. The Senior Director will have primary responsibility for executing on Home Point’s servicing hedge strategies.
Responsibilities:
Responsible for managing the MSR valuation team.
Managing Home Point’s MSR Fair Market Value framework including design of relevant policies and procedures.
Validation of MSR model assumptions and periodic back-testing.
Drive the development of risk analytics, risk reporting and performance monitoring.
Monitor the MSR valuation and trading environment through developing relationships with market participants, including the MSR broker community.
Manage pricing MSR for all of Home Point’s origination channels.
Manage purchase and sale of MSR or loans from Home Point’s portfolio.
Actively oversee and drive hedging the interest rate risk management of the MSR asset working with Home Point’s advisory vendor in accordance with policy and strategy.
Represent Home Point at MSR related conferences.
Skills & Qualifications:
Bachelor’s degree preferred. Finance, Economics Mathematics or related discipline preferred.
5+ years of experience analyzing mortgage servicing rights.
Knowledge of modeling servicing cashflows.
Experience closing MSR purchase/sale transactions.
Mortgage industry and/or Financial Services experience is a plus.
Effective written and verbal communication skills.
Ability to multitask and effectively manage time.
Desire to take personal responsibility to complete tasks and solve problem.
Home Point Financial
Ann Arbor, MI
Homepoint is a national multi-channel mortgage originator and servicer. The company brings an innovative approach to lending, focusing on speed, quality and consistency for customers and partners. Uniquely, Homepoint retains over 95% of originated loans for in-house servicing, a cornerstone to its Customer for Life approach. The company was founded in 2015 and headquartered in Ann Arbor, Michigan. For more Information visit homepoint.com
We’re on a mission to create financially healthy, happy homeowners. While the business of mortgages involves rates, products, dollars, and data, it's really about people. Behind every mortgage is a person, a family, a dream.
We’re here to support people at each stage of the homeownership journey—from the borrowers who represent our customer base, to the mortgage brokers and correspondent partners who count on us to help grow their businesses, to our associates who care for our all of our customers, and each other.
We believe that homeownership enriches lives and strengthens communities. Approached correctly, owning a home is about much more than just a roof over your head—it’s a crucial point in the path towards broader financial well-being.
Our growth has been fast, but also thoughtful. We continuously invest in our partners, our technology and our people to create an exceptional homebuying and homeownership experience. We pride ourselves on driving success for our customers, our partners and our associates across all economic cycles.
In just five years, we have grown to become the third-largest wholesale lender and 10th-largest non-bank lender in the country. We have over 300,000 customers and a nationwide network in excess of 5,500 partners.
We are part of—not apart from—the communities we serve and the world we share. Underscoring this point, we founded the Homepoint Foundation in 2020 to empower individuals to achieve their dreams through investment, education and support.
We’re focused on helping to build a mortgage industry that is more inclusive and diverse, more prosperous, and full of opportunity for aspiring professionals who want to thrive in a meaningful career.
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IndustryReal Estate Services
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No. of Employees2,500 +
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Jobs Posted76
