Mission Capital Advisors (Mission Capital) a subsidiary of Marcus & Millichap Capital Corporation (MMCC) is a leading loan sale advisor and due diligence provider. Mission Capital is seeking Director and Vice President level candidates to join their residential loan portfolio sales team. The candidate will work with senior members of Mission Capital and MMCC and will be based in New York NY. The candidate will have knowledge of the broad bank and nonbank lending market and familiarity with all single family mortgage debt products including performing reperforming subperforming distressed and chargeoffs. S/he should possess relationships with debt capital markets participants/customers including community regional money center and international banks investment banks specialty finance companies and funds.
Key Responsibilities
Possess develop and maintain consultative highlevel relationships with decision makers at banks special servicers debt funds private lenders hedge funds CDO/CLO managers and other market participants to source residential loan sale opportunities for Mission
Evaluate bank balance sheets quarterly earnings presentations news sources earnings and call reports and other publicly available information to develop thoughtful loan sale trading strategies for financial services clients
Fundamentally understand loan valuation trading and buy side considerations including first and second lien mortgages HELs HELOCs compliance matters and document / defect curing
Be conversant in legacy mortgage products securitization clean up calls optional terminations call rights and associated MSR matters
Schedule and attend industry conferences and events
Develop and promote thought leadership ideas to clients
With the assistance of the MCA and MMCC analyst and trade support complete sophisticated new business proposals for potential clients including both strategy and valuation analysis
Maintain detailed tracking and reporting of business development initiatives in Salesforce
Key Attributes/Experience
Bank / FIG analyst training / prior investment bank sell side analyst coverage experience or
Mortgage real estate or structured products analyst training program at financial services or real estate private equity firm (bank consulting/accounting REIT hedge fund) or
Prior career experience in structured products lending special servicing corporate development or real estate underwriting / investment analysis at a financial institution or
Prior career experience in residential loan sales at an established brokerage/advisory firm (consumer loan and/or MSR sales experience a plus)
Strong MS Excel PowerPoint and database skills with Salesforce experience a plus
Strong business writing skills
Attention to detail
Ability to work as part of a team
Strong drive and desire to take on responsibility
Likes and prioritizes work with a genuine interest in debt capital markets / real estate
Mission Capital Advisors LLC is an equal opportunity employer and values diversity. All employment is decided on the basis of qualifications merit and business need.
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