At Mr. Cooper Group, You Make the Dream Possible.
Our purpose is simple: Keeping the dream of homeownership alive. As a Mr. Cooper Group team member, you play a big role in making that dream possible. Around here, we know our roles and work together, volunteer to make a difference, and challenge the status quo when needed. Everything we do is in the care and service of our teammates and our customers.
Join us and make the dream of home ownership possible!
Job Summary
Reporting to the VP – Portfolio Investments. This position offers the candidate an exceptional opportunity to be part of a dynamic analytics and modeling team focusing on leading the company’s valuation and reporting of residential mortgage servicing right assets (MSR) and related liabilities. Incumbent will also be a key player in pricing/trading of new MSR deals as well as performing mortgage prepayment and credit analysis and research. We are currently looking for candidates with strong analytical and modeling skills to focus on pricing/valuation of MSRs and residential mortgage assets as well as partner with other cross-functional teams in structured finance, accounting and risk management. The incumbent will be a key player in leading the mortgage valuation function and modeling framework to support the company’s investment portfolio.
Essential Job Functions
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Perform and review all monthly and quarterly valuations and reporting on the MSR Asset/Liabilities.
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Produce periodic valuation reports and presentations on all relevant MSR valuation information for senior management.
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Work with Portfolio Investments team on acquisitions and dispositions: pricing of co-issue, bulk and mini-bulk deals.
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Conduct attribution analysis and stress testing of the managed portfolio.
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Support the day-to-day risk analytics, risk reporting and performance monitoring of the MSR portfolio.
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Develop and maintain pricing models and analytical tools to support the growth of the investment portfolio.
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Manage large data tapes from various sources and check for data inconsistencies
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Create, enhance and maintain control reports for auditors and regulators.
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Provide MSR valuation support to other functional areas when needed.
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Prepare and review all quarterly financial reporting schedules and disclosures.
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Communicate with auditors and respond to all requests in a timely and accurate manner to facilitate audit processes and testing.
Required Experience & Education
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7+ years of relevant work experience in mortgage or fixed income related Capital Markets, Finance, or related function.
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Relevant experience in prepayment modeling or credit analytics.
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Relevant experience with MSRs, whole loans, derivatives or other fixed income products.
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A Bachelor's Degree in Finance, Mathematics, Economics or equivalent (Master's preferred).
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MSR Valuation experience is required.
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Experience in in prepay/default risk modeling, OAS valuation and relative value analysis preferred.
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Experience with mortgage securities, whole loans, derivatives or other fixed income products.
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Experience with Polypath, MIAC, or QRM is highly preferred.
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Expert proficiency with Excel is required and some knowledge of database applications. SQL experience a plus.
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Excellent quantitative skills and strong written/verbal communications skills.
Mr. Cooper Group is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or status as a protected veteran. EOE/M/F/D/V
Job Requisition ID:
023115
Job Category:
Finance
Primary Location City:
Dallas
Primary Location Region:
Texas
Primary Location Postal Code:
75019
Primary Location Country:
United States of America
Additional Posting Location(s):
Top Skills
What We Do
With nearly 4 million customers, we are a proud leader in the home loan servicing industry. But are we content? No way. Every day we challenge convention and reimagine the home loan experience for the better. It’s what makes us who we are.
We’re Challengers of Convention
Challenging the status quo is in our DNA. We’re ditching the old ways and reimagining what homeownership should look like in the era of smart phones, Mars missions, and avocado toast.
We’re Champions for Our Customers
Giving homeowners the best experience possible is the reason we come to work. We believe in honesty, simplicity, and always having our customer’s back.
We’re Cheerleaders for Our Team
Transforming an industry takes a world-class team. Ours is over 9,000 Coopers strong. Creating a place where they love to work isn’t just an HR goal — it’s part of Mr. Cooper's mission.
We’re here to keep the dream of homeownership alive. That means throwing out the old ways and revolutionizing the way people sell, buy and own their homes using the latest technology and good old fashioned customer service.
At Mr. Cooper Mortgage we see a world where homeownership is less worrisome and more rewarding, where having a mortgage is no longer a burden but an opportunity, where homeowners feel 100% in control of their finances and future.
Is Mr. Cooper Mortgage your kind of place? If so, we can't wait to hear from you.
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