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Mortgage Capital Market Trading Specialist

Location : Scottsdale, AZ
Job Type : Temp/Contract to Direct
Compensation : open
Hours : Full Time
Required Years of Experience : 3+
Required Education : High School Diploma or GED (College Preferred)
Travel : No
Relocation : No

Job Description :


Corporate Job Bank has an immediate need for Capital Market Trading Specialist for our client, a national mortgage lender with offices in the Scottsdale, AZ area.


Our client is the mortgage lending arm of a large (multi-billion dollar) bank with offices across the US.


This position is contract to hire. Our client would like to identify a strong candidate, hire through the agency, then hire internally after the 90-day conversion period is completed.


The Capital Markets Trading Specialist will support the organization's cash, loan pooling, sales, and secondary marketing activities.  The Capital Markets Trading Specialist will monitor and manage loans held for sale rate locks and closed loan inventory for pooling.  The Specialist will monitor and provide reporting on loan pipelines, sale activities, books, and the result of sales activities.


Examples of duties include:

·         Manage daily hedge position reports

·         Creates FNMA and FHLMC cash loans to pool reports

·         Creates FNMA pools for servicing retained mortgage product and monitor each pool through settlement

·         Creates GNMA pools for servicing retained mortgage product and monitor each pool through settlement

·         Develop and maintain investor applications and verifications according to investor policy

·         Monitor and request GNMA commitment authority for pool numbers and adequate funds reservation

·         Prepare monthly delivery/pool calendar to allow for sufficient time for a smooth pool settlement process

·         Monitor pool certification process is completed in sufficient time according to monthly delivery/pooling calendar

·         Under supervision of the Loan Sales Manager, execute FNMA/FHLMC cash trades in the Selling Systems

·         Monitor and extend mandatory cash trades as necessary

·         Under supervision of the Loan Sales Manager, upload monthly FNMA buy-up buy-down grids in QRM

·         Under supervision of the Loan Sales Manager, upload FNMA MBS Special Pool pay-ups in QRM

·         Download midday and evening AMC pipeline file into QRM and review activity detail reports for necessary adjustments

·         Confirm all MBS Special Trades and TBA Trades in QRM according to policy

·         Communicate new MBS/TBA trades to Finance - by sending trade to confirm and QRM trade ticket.

·         Communicate pair-off gains/loss calculations to Finance

·         Perform back-office operations with counterparties

·         Reconcile Finance Trade Log on a daily basis

·         Validate loan-level reconciliation mark to market and monthly position reports and report any deviations.

Required Qualifications :

Required knowledge, skills, and experience:

·         3+ years in Mortgage Banking Operations

·         Knowledge of investor internet based pooling and delivery

  • Knowledge of pricing and product development

  • Knowledge of pricing and product development

  • Working knowledge of Automated Underwriting System (AUS), interest rate risk management systems (WRM)

  • Knowledge of MBS trade industry practices and norms

  • Understanding of model analysis, fallout modeling, and ratio analysis

  • Advanced skills using MS Office Suite; Excel, Outlook and Word


Morris Jessup

Corporate Job Bank

Our People Make the Difference!

Phone:                480-966-0709

Fax:                        480-907-7868


Corporate Job Bank is an Equal Opportunity Employer

Corporate Job Bank is a Drug Free Workplace



With nearly 30 years in the business, Corporate Job Bank is committed to providing valuable opportunities to both organizations and candidates alike. We pride ourselves on our ability to match organizations and people based on values, skills, and opportunities.


We have been ranked as the #1 Staffing Firm by Ranking Arizona for 15 years running earning us the coveted “Platinum Ranking” in our industry.


We are a full service personnel firm providing temporary, temp-to-hire, and direct hire services ranging from the production personnel to the upper levels of management.


We service multiple sectors including:

·         Government

·         Manufacturing (Aerospace, Defense, Consumer Goods, Medical, and Regulated Industries.)

·         Banking and Finance

·         Mortgage and Loan Servicing

·         Medical (Private Practice, Specialty and Sub-Specialty, Outpatient Facilities)

·         Engineering and Information Technology

·         Healthcare and Medical

·         Technology

·         Leadership


Our staff and management team believe in hard work and we conduct our business with professional ethics and integrity!


Our people make the difference!

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