Director, MSR Trading

JOB DESCRIPTION

POSITION TITLE : Director, MSR Trading

Position Summary :

This critical role on the MSR Portfolio Management Team will manage the groups bulk and flow transaction pricing and transaction activity. Through ownership of MSR SRP processes, flow MSR execution and bulk pricing transactions, this position will be essential to achieving the portfolio growth and return objectives of the firm. This teammate will be a critical partner of the Business Development Team, responsible for ensuring comprehensive and timely evaluation of bulk MSR and of new subservicing opportunities. The ideal candidate will be an experienced MSR practitioner, with extensive knowledge in the valuation and trading of MSR assets.

Job Functions and Responsibilities :

• Ownership of the flow MSR pricing, best ex framework and trade allocation process.
• Mange the calibration, production and delivery of channel MSR Pricing grids and LLPA adjusters.
• Formulate and propose strategic transaction activity to achieve the corporate growth and owned servicing goals.
• Responsible for successful MSR sales and executing on the company's "capital lite" retained MSR strategy
• Responsive evaluation and pricing of bulk MSR transaction opportunities.
• Preparation of financial projections, yield analysis and deal summaries for any MSR transactions.
• Contributing to the retained MSR valuation process, particularly to the capitalization of new originations.
• Ensure that SRP base and adjuster pricing are calibrated to market benchmark levels.

Key Result Areas :

Qualifications :

To perform this job successfully, an individual must have the following education and / or experience :

Training / Licensing Requirements :

The salary range for this position is expected to be $150,000 - $180,000 per year plus annual bonus (based on performance and subject to the terms of the Company's applicable plans).

ABOUT US

Onity Group Inc. is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs. Liberty is one of the nation's largest reverse mortgage lenders dedicated to education and providing loans that help customers meet their personal and financial needs. Onity Group Inc. and its subsidiaries are committed to helping homeowners and delivering exceptional service and value to customers, clients and investors.

At Onity Group Inc., we consistently deliver on our commitments to customers, clients, investors and colleagues through caring service, integrity and creative solutions. This Service Excellence philosophy is embraced by meeting service standards we call CARE, which stands for Caring, Accurate, Responsive and Empowered. We expect all employees to interact and engage our colleagues and our customers with respect, courtesy and professionalism, and to achieve results consistent with our CARE standards.

Onity Group Inc. is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to Diversity, Equity & Inclusion ensures that we sustain our reputation as an outstanding place to work, a great business partner and a valued community member. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.

Onity Group Inc. offers a comprehensive benefits package including medical, dental and vision; up to 3% match on 401(k) contributions; generous paid time off; company-paid life, accident and disability coverage; programs for mental, physical and financial wellness; and more. Visit jobs.onitygroup.com for details.