Trader at Mount Laurel

Job Description

Overview:

Freedom Mortgage Corporation, a full-service direct lender founded in 1990, has an excellent opportunity for a dynamic professional to join one of the nations leading mortgage companies.

Freedom Mortgage is a privately held, mortgage lender and servicer, licensed in all 50 states, with 9 operation centers nationwide. Rated A+ with the Better Business Bureau, Freedom Mortgage is a member of the Mortgage Bankers Association, the National Association of Mortgage Brokers, and is the 3rd largest issuer of GNMA securities nationwide. Currently, we have over 2,000 employees and we are funding over 1.5 billion dollars in loans a month.

Freedom is characterized by an energetic, creative staff, and cutting edge technology. Our IT and processing systems allow us to approve and process mortgages quickly without jeopardizing quality. We have cultivated a fun team environment where there is opportunity to learn and develop within both the company and your career. With hard work, youll reap benefits both professionally and personally.

Responsibilities:

Job Title:Trader

Department:Capital Markets

Reports To:Executive Vice President

FLSA Status:Exempt

Summary

The Trader will be responsible for the trade Mortgage Backed Securities (MBS) to hedge fallout and interest rate

risk of rate locks in the pipeline and closed loans in the warehouse. This position will identify variances from

predicted hedge performance and determines causality.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

ed hedge performance and determines causality.

Essential Job Functions:

Works with the Secondary risk management system (QRM) to manage the companys mortgage exposure

within prescribed targets for hedge costs, value at risk limits, and profit margin objectives.

Maintains positive investor relations to facilitate achieving best execution asset sales to maximize

profitability and stay abreast of market intelligence.

Works with shipping to investigate and resolve any pool related issues.

Informs management of trading strategy cash position, risk management, current market conditions, and

regulatory concerns, to determine optimal solution.

Maintains positive working relationships with other functional areas within Capital Markets at all times.

Produces all analysis and management reporting timely and accurately.

Other Related Duties:

Performs other related duties as assigned.

Supervisory Responsibilities:

This job has no supervisory responsibilities.

Job Requirements

Job Requirements

Qualifications:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The

requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable

accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.

Education and/or Experience:

Bachelors degree (B.A.) from four-year College or University; or three (3) to five (5) years related experience

and/or training; or equivalent combination of education and experience in secondary market trading or closely

related experience.

Language Skills:

Ability to read and comprehend instructions, correspondence, memos, and work place policies. Ability to analyze,

interpret general business periodicals, professional journals, procedures and governmental regulations. Ability to

write professional correspondences. Ability to write routine business reports. Ability to speak effectively with other

employees and/or customers. Ability to present formal information in one-on-one and small group situations to

customers and employees. Ability to present information and respond to questions from groups of administrators,

managers, employees, customers and/or the general public.

Mathematical Skills:

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane

and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios, and

proportions to practical situations.

Reasoning Ability:

Ability to carry out detailed written and/or verbal instructions. Ability to solve problems involving concrete

variables in standardized situations. Ability to define problems, collect data, establish facts, and draw valid

conclusions.

*We offer competitive salaries, an excellent benefit package including medical, dental, vision, and (401k)!*

Freedom Mortgage Corporation is an Equal Opportunity Employer committed to workforce diversity. Qualified applicants will receive consideration without regard to age, race, color, religion, gender, sexual orientation, disability, or national origin. Local applicants encouraged to apply. Employment contingent upon successful completion of background investigation. Smoke-free workplace. Drug-free work environment. Excellent benefits package including medical, dental, vision and 401(k). All resumes are held in confidence. Only candidates whose profiles closely match requirements will be contacted during this search. LENDER NMLS ID:2767

*CB

Country: USA, State: New Jersey, City: Mount Laurel, Company: Freedom Mortgage.