Senior QRM Analyst
Corporate Support
Senior QRM Analyst-JO-1710-1568
Dallas, TX

Senior Quantitative Risk Management
Stearns Lending, LLC is a leading provider of mortgage lending services in Wholesale, Retail, Strategic Alliances and Consumer Direct sectors throughout the United States where licenses are held. The company was ranked as the #3 Wholesale Lender nationwide by Inside Mortgage Finance in 2016.*
If you are interested in joining an exciting team where excellence and customer service are a fundamental part of the culture, Stearns Lending, LLC is the place for you!
At Stearns, we consider all employees an everyday hero and we are always looking for OUTRAGEOUSLY TALENTED® individuals to join our team.
Job Summary:
The position is responsible for maintaining QRM functionality in support of the interest rate risk management process within Capital Markets. On a daily basis the person will supply all relevant hedge reports, maintain data integrity within the QRM application, provide historical performance analysis and make recommendations to efficiently and effectively measure the company’s interest rate risk position.
Job Responsibilities:
  • Produce relevant daily reports measuring the risk exposure of locked mortgage loan pipeline and funded loan warehouse portfolio
  • Reconcile pipeline/warehouse activity within QRM application to enterprise data warehouse to ensure completeness of information
  • Interact with Secondary Marketing/Hedging team to ensure all relevant trade data is captured within the risk framework on a daily basis
  • Test and implement quarterly version upgrades. Design and implement a robust testing process
  • Test and implement new functionality within the QRM application as required by the needs of the Capital Markets department
  • Interact with IT/database team to maintain accurate data flow from origination system
  • Design and implement month-end closing process in accordance with external and internal audit requirements
Desired Skills, Experience, or Education:
  • 5+ years of mortgage banking experience related to pricing and/or hedging
  • 3+ years of experience working within Capital Markets/Secondary Marketing department
  • Minimum of 2 years of hands-on QRM experience which should include pipeline download, market cycle, financial recon, best-ex, pooling, trade input, and scripting
  • Understanding of key financial concepts as they relate to the valuation of loans and locks
  • Understanding of MBS and whole-loan trading as it applies to mortgage pipeline position
Stearns Lending is an equal housing lender and is licensed to conduct business in 49 states and the District of Columbia. Additionally, Stearns Lending is an approved HUD (United States Department of Housing and Urban Development) lender; a Single Family Issuer for Ginnie Mae (Government National Mortgage Association); an approved Seller/Servicer for Fannie Mae (Federal National Mortgage Association); and an approved Seller/Servicer for Freddie Mac (Federal Home Loan Mortgage Corporation). Stearns Lending is also approved as a VA (United States Department of Veterans Affairs) lender, a USDA (United States Department of Agriculture) lender, and is an approved lending institution with FHA (Federal Housing Administration). Stearns Lending, LLC is located at 4 Hutton Centre Drive, 10th Floor, Santa Ana, CA 92707. Company NMLS# 1854.
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