TDHCA - Mortgage Pipeline Trader & Risk Manager

GENERAL DESCRIPTION

The Texas Department of Housing & Community Affairs Bond Finance and Home Ownership teams are responsible for originating and financing mortgage loans to enable low-to-moderate income Texas families and individuals obtain home ownership.TDHCA originates over $1 billion in mortgage loan annually.

TDHCA is seeking a strategic, analytical, and execution-focused Mortgage Pipeline Trader for mortgage loans originated under the Single Family Mortgage Loan Program and eligible for Ginnie Mae, Fannie Mae, and Freddie Mac securitization.This position is responsible for setting mortgage rates, secondary market execution, mortgage loan hedging, and managing investor and counterparty relationships; and tracking, analyzing, and valuing Down Payment Assistance (DPA) second liens. This position plays a critical role in creating models, developing pricing strategy, and optimizing the economics of the mortgage pipeline.

SPECIFIC JOB RESPONSIBILITIES :

• Assist in setting daily mortgage rates for TDHCA Bond-Funded and TBA loans based on cost of funds, market pricing, MSR valuation, Down Payment Assistance (DPA) valuation, and projected pay-ups.
• Oversee the management of loan pipeline, from reservation to loan purchase and securitization, and secondary market execution.
• Responsible for pipeline hedging and risk management, ensuring accurate and profitable pipeline management and compliance with risk limits.
• Coordinate with the Master Servicer to maintain compliance with program guidelines.
• Develop pricing strategy for the program using market analytics, competitive intelligence, and elasticity modeling.
• Develop market segmentation models and lead experimentation to optimize pricing and improve unit economics.
• Independently identify and coordinate best execution for sale of mortgage loans.
• Create, maintain, and own relationships with GSEs and trading counterparties (Fannie Mae, Freddie Mac, Ginnie Mae, Wall Street firms, large national mortgage banks, depository banks and other financial institutions), lead onboarding and due diligence processes.
• Ensure risks associated with business activities are effectively identified, measured, monitored and managed in accordance with risk and compliance policies and procedures.
• Provide executive-level insights on market conditions, pipeline trends, and capital markets performance.
• Prepare reports detailing executed trades, profits and losses.
• Contribute to the development and maintenance of operational policies, procedures and processes, including risk management policy.

Qualifications

EDUCATION / EXPERIENCE :

KNOWLEDGE, SKILLS AND ABILITIES :

PHYSICAL REQUIREMENTS :

OTHER :

Must be willing to work in a non-smoking environment and adhere to all applicable Department policies and procedures.Must be willing to work overtime if necessary which may include nights and weekends.Must attend work regularly and adhere to approved work schedule.

IMPORTANT INFORMATION FOR THE CANDIDATE :

We fully recognize, honor and enforce the Uniformed Services Employment and Reemployment Rights Act (USERRA) and encourage opportunities to hire Veterans, Reservists and Guardsmen.

Males born on or after January 1, 1960, between the ages of 18-26, will be required to present proof of Selective Service System registration on the first day of employment or proof of exemption from Selective Service registration requirement.

The U.S. Immigration Reform and Control Act of 1986 requires new employees to present proof of identity and eligibility to work in the United States. Failure to provide this information within the required timeframe will result in the offer being rescinded.

Thank you for considering employment at the Texas Department of Housing and Community Affairs! The Texas Department of Housing and Community Affairs is an Equal Employment Opportunity employer.