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Residential Loan Sales Originator
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Job Description
Key Responsibilities:
- Possess, develop and maintain consultative high-level relationships with decision makers at banks, special servicers, debt funds, private lenders, hedge funds, CDO/CLO managers and other market participants to source residential loan sale opportunities for Mission
- Evaluate bank balance sheets, quarterly earnings presentations, news sources, earnings, and call reports, and other publicly available information to develop thoughtful loan sale trading strategies for financial services clients
- Fundamentally understand loan valuation, trading and buy side considerations, including first and second lien mortgages, HELs, HELOCs, compliance matters, and document / defect curing
- Be conversant in legacy mortgage products, securitization clean up calls, optional terminations, call rights and associated MSR matters
- Schedule and attend industry conferences and events
- Develop and promote thought leadership ideas to clients
- With the assistance of the MCA and MMCC analyst and trade support, complete sophisticated new business proposals for potential clients, including both strategy and valuation analysis
- Maintain detailed tracking and reporting of business development initiatives in Salesforce
Key Attributes / Experience:
- Bank / FIG analyst training / prior investment bank sell side analyst coverage experience or
- Mortgage, real estate or structured products analyst training program at financial services or real estate private equity firm (bank, consulting/accounting, REIT, hedge fund) or
- Prior career experience in structured products, lending, special servicing, corporate development, or real estate underwriting / investment analysis at a financial institution or
- Prior career experience in residential loan sales at an established brokerage/advisory firm (consumer loan and/or MSR sales experience a plus)
- Ability to effectively sell Mission Capital’s capabilities in the sector and to capture residential loan sale opportunities from prospective clients
- Strong MS Excel, PowerPoint, and database skills with Salesforce experience a plus
- Strong business writing skills
- Attention to detail
- Ability to work as part of a team
- Strong drive and desire to take on responsibility
- Likes and prioritizes work with a genuine interest in debt capital markets / real estate
- Desire for outsize compensation driven via a compensation structure heavily weighted toward commissions resulting from successful engagements
Automate your job search with Sonara.
Submit 10x as many applications with less effort than one manual application.
