Assistant Vice President - MSR Portfolio Investments

The Assistant Vice President - MSR Portfolio Investments is responsible for assisting and maintaining the analytics utilized in the valuation of mortgage servicing rights and related transactions. The candidate will also be responsible for providing support and periodic reports to key business partners leveraging existing tools and methodologies.

Essential Functions

• Prepare funding schedules for MSR acquisitions.
• Work with Portfolio Investments team on acquisitions and dispositions: pricing of co-issue, bulk and mini-bulk deals.
• For Freddie Mac and Ginnie Mae Co-Issue MSRs, calculate monthly funding amounts for each Seller and related escrow funds and reconcile with incoming and outgoing wires.
• Responsible for monitoring and executing Ginnie Mae early buyout loans (EBOs) that need to be financed via warehouse line of credit and re-delivered via Ginnie Net portal.
• Responsible for running daily purchase file for all co-issue MSRs - Fannie Mae, Freddie Mac and Ginnie Mae.
• Assist in monthly ESS MSR sales to investors, including pricing and gain-on sale calculations and generation of internal files for Investor Reporting and Finance departments.
• Support the day-to-day risk analytics, risk reporting and performance monitoring of the MSR portfolio.
• Maintain and track hedge positions for pipelines of loans originated for sale on the secondary market and loans bought out for modification and redelivery to GNMA.
• Manage large data tapes from various sources and check for data inconsistencies for purposes of obtaining monthly MSR valuations.
• Prepare requested reports for auditors and regulators.
• Assist in preparation of monthly comprehensive reporting for investor partners.
• Provide MSR valuation support to other functional areas when needed.
• Prepare quarterly and annual K-1 tax estimates for capital investors.
• Responding to adhoc-reporting requests using SQL for data retrieval.

Competencies/Skills

• Extensive knowledge of mortgage loans, loan level data and mortgage terminology
• Attention to detail, high level of accuracy and ability to review self-created work. Strong analytical skills and mathematical fluency
• Excellent oral and written communication skills
• Comfortable performing research and analysis
• Time management
• Ability to work within strict deadlines
• Professional business communication
• Teamwork orientation

Work Environment

1. job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Ability to sit for long periods of time is essential.

Position Type and Expected Hours of Work

This is a full-time position. Days and hours of work are Monday through Friday, 8:00 a.m. to 5 p.m. Additional hours may be required.

Education and Experience

• 3+ years of relevant work experience in mortgage or fixed-income related Capital Markets, Finance, etc. or related function. Relevant experience in prepayment modeling or credit analytics. Relevant experience with MSRs, whole loans, derivatives or other fixed-income products
• A Bachelor's Degree in Finance, Mathematics, Economics or equivalent.
• MSR Valuation experience is preferred.
• Experience with PowerBI is preferred.
• Experience with mortgage securities, whole loans, derivatives or other fixed-income products
• Expert proficiency with Excel and some knowledge of database applications is required. SQL experience is preferred.
• Excellent quantitative skills and strong written/verbal communications skills.
• CFA/CPA or progress towards preferred.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

What's in it for you?

• Competitive compensation and full benefits package include medical, dental, and vision.
• 100% company-paid life insurance and disability coverage!
• 401K with company matching!
• 17 days PTO (increases with tenure) and 9 company paid holidays!
• Professional but fun, casual work environment and great team culture!

About BSI Financial

Founded in 1986, we provide financial services that support our vision of enabling sustainable home ownership by practicing core values that embody doing what is right; emphasizing problem solving; delivering on expectations and winning with humility. Our clients include lenders and investors who make home financing possible.

BSI Financial was ranked multiple times in the SMU Dallas 100 list of the fastest growing
companies in North Texas and was twice named to the Inc. 5000 list of the fastest growing U.S

EEO Statement

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.