Trader

Posted 17 days ago
Main Location
Detroit, MI, United States
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Preferred Qualifications 

  • 1 year of previous mortgage/secondary market experience 
  • Bachelor's degree
  • Proficiency in the Microsoft Office suite

Job Summary

The Trader is a highly visible team member responsible for the sale of mortgage loans and/or servicing.

Responsibilities

  • Execute sales of mortgage loan pools under the direction of Capital Markets leadership
  • Evaluate all execution avenues such as MBS, cash window, whole loan, servicing released/retained and private-label securitization
  • Explore new mortgage loan sale opportunities
  • Create, maintain and deepen relationships with buyers of whole loan or mortgage assets (Fannie Mae, Freddie Mac, Ginnie Mae, Wall Street firms, sizeable national mortgage banks, depository banks and other financial institutions)
  • Monitor market conditions, investor sentiment and trading volume/activity
  • Regularly communicate emerging market dynamics and valuation trends to teammates and colleagues
  • Assist in the development of a mortgage trading strategy meant to maximize profits while reducing risk
  • Identify relative value opportunities that support Capital Markets/team strategies
  • Prepare reports detailing executed trades, gains and losses
  • Monitor and manage our pipeline of loans not yet sold

Who We Are

We're America's largest mortgage lender, closing loans in all 50 states. J.D. Power ranked Quicken Loans "Highest in Customer Satisfaction in Primary Mortgage Origination" for the past 11 consecutive years, 2010 - 2020. The company was also ranked highest in the nation for client satisfaction among mortgage servicers by J.D. Power for 7 consecutive years, 2014 - 2020, each year the company was eligible. There's a simple reason we've been so successful: We care about the people we work with.

If you're tired of stuffy, bureaucratic workplaces, then you'll be delighted to find something different here. We strive to make a creative, fun and collaborative environment you simply won't find anywhere else. Quicken Loans was once again named to FORTUNE magazine's "100 Best Companies to Work For" list in 2019 and has been included in the magazine's top one-third of companies named to the list for the past 16 consecutive years. In addition, Essence Magazine named Quicken Loans the "#1 Place to Work in the Country for African Americans."

Disclaimer

This is an outline of the primary responsibilities of this position. As with everything in life, things change. The tasks and responsibilities can be changed, added to, removed, amended, deleted and modified at any time by the leadership group.

Mission
We're a community of women leveraging our connections into top companies to help underrepresented women get the roles they've always deserved. Simultaneously, we work to build truly inclusive hiring processes and environments where women can thrive and not just survive.
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Trader
Quicken Loans