Director, Capital Markets

Ocwen Loan Originations is a wholesale residential mortgage banking business with an emphasis on originating FHA loans. It is comprised of three major components, which are Sales & Marketing, Loan Fulfillment and Capital Markets.

Responsibilities Include:

•Execute trades and manage the daily hedging of interest rate locks on outstanding loan applications and loans held in inventory.
•Develop and manage a rate lock desk for the recording and monitoring of interest rate locks on mortgage applications.
•Manage the daily establishment of mortgage interest rates and pricing through on-line published rate sheets.
•Manage the daily operations associated with the negotiation, sale, and settlement of mortgage assets and servicing rights.
•Recruit, hire, train and manage a team of associates at our off-shore locations to execute the daily operations. Utilize decision rules, work-flow and straight through processing to minimize variability, improve quality and maximize profitability of the business.
•Development of secondary marketing policies and procedures.
•Responsible for monthly mark to market of mortgage pipeline and loans held in inventory.
•Interact effectively within Ocwen Senior Management, loan investors and prospective new loan investors.

Key Result Areas:

•Implement a hedge management tool.
•Meet revenue goals through effective pricing and hedging.
•Maintain adherence to P&L hedging cost estimates.


Qualifications:

The position requires a minimum of five years related experience in hedging and secondary marketing with at least three years in a management role. Strong working knowledge of hedge instruments, extensive experience with managing mortgage pipelines, and a keen understanding of the risks associated with both. Proven P&L track record in leadership roles as well as the ability to develop manage and retain a disparate employee base. A four-year degree from an accredited university is required. An MBA or CFA is required.