Rushmore Loan Management Services

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Rushmore Loan Management Services Capital Markets Trader

at Rushmore Loan Management Services

Posted: 11/27/2019
Job Reference #: 2809
Keywords: operations

Job Description

  • Job LocationsUS-TN-Nashville
    Job ID
    Capital Markets
    Regular Full-Time
    FLSA Status
  • Company Introduction

    Come Join the Rushmore Team! Whether you are interested in correspondent origination and sale of mortgages, mortgage servicing operations, real estate management of REO assets, or various corporate positions to support our growing business, Rushmore may just have the position you’ve been waiting for. Browse our openings and contact us today to learn about career opportunities offering competitive salaries and comprehensive benefit packages.



    The Rushmore Loan Management Services Capital Markets Trader is responsible for valuation, modeling, pricing, hedging and selling of all loans boarding to the Rushmore Correspondent Lending platform. Primary duties include: Correspondent bulk buying, best execution analysis, best efforts pricing, hedging interest rate risk, selling and delivering all loans: Agency, GNMA, and Jumbo.



    • Create daily pricing, distribute and upload to all pricing engines
    • Build and maintain pricing models
    • Work with pricing engines to ensure change requests are getting completed in timely manner (roll out of new products, changes to adjustments, etc.)
    • Run mandatory trade desk
      • Bids, hits, confirmations, pair offs
      • Bid model maintenance
    • Work with lines of business heads to resolve secondary issues including pricing, exceptions, customer service issues and competitive scenarios
    • Support sales team and customers – (lock desk – customer service)
    • Analyze bids/locks from previous day to determine any trends/opportunities to adjust bidding strategy
    • Perform a best execution analysis on the pipeline and allocate loans to the best execution investor (Cash and MBS retained)
    • Hedging the mortgage pipeline – interest rate risk management
    • Assembling reports to analyze correspondent channel performance/production as well as overall mortgage production
    • Confirm previous day TBA trades for accuracy
    • Ensure risk metrics are within policy
    • Monitor and report to executive management:
      • Daily P/L forecast
      • Weekly Interest Rate Risk Management
      • Monthly mark-to-market accounting and execution pickup
    • Build and maintain relationships with investors and broker dealers
    • Negotiate for better pricing across all executions and securities.
    • Manage various projects as assigned by executive team
    • Provide reporting/analytics for Capital Markets (SQL Database), update reports, build new reports
    • Compare competitive survey and data. Work with LOBs to make sure utilizing reports when making business decisions around margin changes, etc.
    • Test and monitor all assumptions to make sure pricing indications, pay ups, spreads match in the pricing model compared to what is being used for pipeline marks and hedge analytics
    • Work with MSR team to make sure using same MSR assumptions in pricing models compared to what they are using in their valuation
    • Perform other duties as assigned by management



    • Ability to professionally communicate clearly in a simple, logical, and precise manner and respond to questions from groups of managers, clients, and internal operations staff
    • Ability to effectively gather, review and present complex information in a clear, organized, and brief manner that can be easily followed by groups of managers, clients, and internal operations staff
    • Must be an excellent verbal and written communicator
    • Ability to handle multiple tasks in a time sensitive manner
    • Valuations, financial analysis and market research experience is required
    • Excellent time management and organization skills
    • Ability to work in a high-pressure, fast paced environment
    • Demonstrate sound judgment and decision making
    • Self-motivation required for accomplishing goal/project oriented work with minimal supervision
    • Ability to work, anticipate, and adopt tactics in a changing business environment with multiple priorities
    • Ability to provide operational data and analytical results to senior management
    • Knowledge of current regulatory/compliance requirements


    • Bachelor’s Degree required
    • Minimum 5 years of investment banking and/or private equity experience, preferably working in real estate or Mergers and Acquisitions areas
    • Strong quantitative and technical/computer skills (proficiency in Microsoft Excel is required)
    • Excellent analytical and problem solving expertise, with a high attention to detail


    • Proficient in Microsoft Office applications
    • Fluency with advanced features of various software applications - including proficiency with spreadsheet and database software/applications
    Not ready to apply? Connect with us for general consideration.