drjobs Director Vice President - Residential Loan Sales Origination

Director Vice President - Residential Loan Sales Origination

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1 Vacancy
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Job Location drjobs

New York City, NY - USA

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

Position Summary
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 is a leading national loan sale advisory due diligence and capital markets firm providing an integrated platform of secondary market loan portfolio brokerage valuation transaction management and data/document curative services for the commercial and residential loan markets.Mission Capital was acquired in 2020 by Marcus & Millichap (NYSE:MMI) a real estate and finance services firm with 2000 investment sales and capital markets professionals located in more than 80 offices across the U.S. and Canada.With a market cap of nearly $1.8B and $40B to $50B of closed transactions annually Marcus & Millichap adds deep capital markets expertise investment sales market intelligence and extensive research to Mission Capitals resources.


Required Experience:

Chief

Employment Type

Full-Time

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