Sr Analyst, Whole Loan Trading - Pennymac

PENNYMAC:

Pennymac is(NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. 

 

At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.

Job Overview:

The Senior Analyst, Whole Loan Trading plays a critical role in the acquisition, valuation, and sale of whole mortgage loans. This position requires a strong understanding of mortgage markets, credit risk analysis, and trading strategies to maximize profitability while managing risk.

A Typical Day:

• Prepare whole loan offerings:
• Review of loans to put into offering and producing a tape for offering (All products).
• When preparing new pools, identifying which loans are ready for inclusion in future auctions.
• For scratch and dent trades, reviewing the whole loan data management system is capturing accurate condition and exception reasons to make sure Pennymac is minimizing loss.
• Develop and enhance Whole Loan Data Management and reporting system
• Build out management reporting of all whole loan trades to track selection, aging, Investor kick frequency and reasons and accurate pipeline reporting of loan pipeline and trades
• Manage the whole loan data management system to track and select loans for whole loan trades
• Complete ongoing analysis of whole loan best execution
• Daily pricing analysis us vs the market (by channel)
• Competitive pricing in Bulk (regular analysis of competitors to track changing trends) Market share analysis by division
• Identify trade optimization and build out connection to front end pricing strategies
• Additional analysis on Pennymac vs competitor prepayments speeds to protect best execution
• Automation and report efficiency improvements
• Funding statement tie outs with initial bid and provide profit and loss details to Mortgage Finance and Secondary for Pennymac Mortage Investment Trust PLS trades
• Backup to Pricing Strategy Traders for investor requests and trade management operational process
• Review all early pay off and early payment claims with Mortgage Finance to rebut or work to minimize loss negotiating price adjustments vs repurchase
• Development of additional executive dashboards and reports provide full transparency to management on whole loan executions and pipeline position
• Ad Hoc analysis
• Demonstrate behaviors which are aligned with the organization’s desired culture and values

What You’ll Bring:

● Bachelor's degree in Finance, Economics, or related field; or equivalent work experience
● 3 + years work experience in whole loan mortgage trading or mortgage backed securities trading experience
● Strong Excel, SQL and analytical skills
● Critical thinking and strong math skills needed to analyze complex financial data, assess risk, and make informed decisions to optimize trading strategies
● Understanding of financial concepts such as Amortization, Present Value, Future Value, Net PV, Return, and Discount, used for mortgage pricing, cash flow analysis, and valuation
● A team player with strong attention to detail and able to work independently
● Excellent critical thinking, problem solving, mathematical skills and sound judgment

Why You Should Join:

As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do. 

Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported. 

 

Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include: 

• Comprehensive Medical, Dental, and Vision
• Paid Time Off Programs including vacation, holidays, illness, and parental leave 
• Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
• Retirement benefits, life insurance, 401k match, and tuition reimbursement 
• Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
• We value the hard work and dedication of our employees. In addition to a competitive salary, positions may offer bonus opportunities.

To learn more about our benefits visit: 

https://pennymacnews.page.link/benefits

 

Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:

• Lower in range - Building skills and experience in the role
• Mid-range - Experience and skills align with proficiency in the role 
• Higher in range - Experience and skills add value above typical requirements of the role 

 

Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.  

Salary:$68,000 - $115,000Work Model:OFFICE