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Senior Director Capital Markets - MSR

Company: Home Point Financial
Location: Ann Arbor
Posted on: January 15, 2022

Job Description:

When you can find a greater purpose in your work, your potential is limitless. That's the mindset that drives our team at Homepoint, as we strive to support the American dream of financially healthy, happy homeownership.Homepoint is a rising star in the mortgage industry with a culture that encourages community, caring, and open communication. What makes our team special is our people-first philosophy, as we empower and encourage our associates to speak up, become innovators and make
impactful changes - no matter what position they hold within the company. -Homepoint is one of the fastest-growing mortgage lenders in the U.S. - already the third-largest wholesale lender and a Top-10 correspondent lender. Founded in 2015, we are headquartered in Ann Arbor, MI and offer positions throughout the nation - many of which are remote. Our team has grown to include more than 3,500 associates and we service more than 400,000 customers nationwide. -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. We offer a competitive salary and bonus opportunity, together with an innovative and progressive approach to benefits. -It is our goal to provide our associates an exciting, dynamic, desirable place to work. -Our ambitious business plan and its success hinges on the ability to find great people and provide an environment that fully engages, retains, and leverages
the potential of top talent. - As such, Homepoint provides development opportunities to all our associates, with a curriculum geared towards providing an informed view of multiple career paths. -We have an owner-operator approach and when Homepoint succeeds, so do our associates. Homepoint is a national multi-channel mortgage originator and servicer. We bring an innovative approach to lending, focusing on speed, quality, and consistency for our customers and partners. Uniquely, Homepoint retains most of our originated loans for in-house servicing, a cornerstone to our Customer for Life approach. Homepoint is an Equal Opportunity Employer. For more information, visit

Keywords: Home Point Financial, Ann Arbor , Senior Director Capital Markets - MSR, Executive , Ann Arbor, Michigan

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