Trader – Capital Markets
Corporate Support
Capital Markets
Trader – Capital Markets-JO-1710-1583
Dallas, TX

Trader – Capital Markets
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:
Staff may focus on trading securities and/or to the cash window of government sponsored enterprises and agencies (FNMA, FHLMC, FHLB, GNMA),   and/or whole loans. Securitized residential mortgage-backed securities (RMBS) include mortgage loans (whether fixed rate mortgage or adjustable rate mortgages) with dealers, mortgage banks, and institutional investors. Different types of mortgage-backed securities include: pass-through (or PCs (Participation Certificates) and TBA MBS. In addition, staff may also trade whole loans to investor conduits.
Job Responsibilities:
  • Responsible for obtaining Investor Pricing variables each day (or intra-day if necessary) and ensuring that all best ex, rate sheet and hedging models are updated accordingly.
  • Performs MBS pooling and any other necessary direct trades, Assignment of Trades, and/or mandatory commitment trades and Allocates and sells loans accordingly.  Synchronizes trading activities with Hedging group to coordinate desired Loan Sales impact to overall position (Pair-offs, etc.).
  • Investor Position management  -  works with Trading Assistant to ensure synchronization of Stearns loan position with each investors loan position to minimize costs associated with trade rolls, trade allocation shortfall and loan fallout/substitution.
  • Usage of the Innovient best ex allocation tool which includes but is not limited to daily (or intra-day if necessary) price loads, trade setup, calculation of loan purchase price, and exporting data out of QRM into Data Trac and Orijin.  Also is responsible for auditing information to ensure the highest degree of accuracy for loan pricing calculations.
  • Responsible for creation and maintenance of documentation of all CompassPoint processes to be used for reference and training purposes.
  • Responsible for creation and maintenance of documentation of all loan sales and/or other capital markets / secondary marketing processes to be used for reference and training purposes.
  • Supports Management in Servicing Retained processes by assisting in development and definition of assumptions and variables required to compute estimated economic value.
  • Loan Score, Compass and/or Data Trac testing as needed.
  • QRM, Datatrac, Empower , Innovient testing as needed.
  • Specific training goals will be expected to be met for certain applications and tools such as Reuters, Bloomberg, SQL, etc.
Desired Skills, Experience, or Education:
  • Bachelor’s degree in Accounting, Finance, Economics or equivalent experience.
  • Minimum 2 years’ experience with loan sales, best execution analysis, MBS/Spec pool trading.
  • Strong mathematical/analytical skills.
  • Excellent written and verbal communication skills.
  • Excellent time management skills and the ability to work in a fast paced environment.
  • Proficiency in Excel and SQL required.
  • Knowledge of QRM preferred.
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.
For more information, visit

Would you like to apply to this job?

Log In if already registered


Please Register

Previous MonthNext Month