Secondary Markets, Sales & Trading

| Greater NYC Area
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Better is redefining homeownership and making it simpler, faster—and most importantly—more accessible for everyone. We leverage technology and expertise to find ways that we can make the homebuying journey more approachable and understandable. 

  • Right now we’re funding over $3 billion in home loans per month
  • We’ve funded over $14 billion in loans and $3.5 billion in insurance 
  • We ranked #1 in the U.S. on LinkedIn's Top Startups 2020
  • We ranked #11 on Fortune’s Best Places to Work in Financial Services 2020
  • Our Founder and CEO was named in Comparably's Top 25 CEOs for Diversity
  • We were listed to Forbes’ FinTech 50 2020
  • And #15 on the 2020 CNBC Disruptor 50 
  • We’ve secured over $254 million from our investors to date 

Our company is made up of driven, passionate people who bring their unique backgrounds and perspectives to everything we do and we are committed to fostering diversity, multiculturalism, and inclusion. We see the perspectives that each person brings and a diverse workforce as essential for individual and collective success. We believe it’s important to foster a company culture that encourages curiosity and passion—from employee resource groups and learning opportunities to team outings and community outreach.

Better.com is excited to be growing our Secondary Markets team within the broader Capital Markets organization. In this role, you will develop the company's execution strategy for whole loans, mortgage servicing rights, and securitized pools, and be responsible for a pipeline of over $3 billion of loans and hedges.

Responsibilities will include:

  • Influence executive decision making by being the source of market color for the company.
  • Function as the primary point of contact for trading desks of the largest mortgage buyers and institutional investors.
  • Partner cross-functionally with our Engineering, Product, Sales and Marketing teams to drive strategy and optimize tactics as it relates to capital markets.
  • Manage our pricing model to improve company revenue.
  • Quickly and efficiently navigate data to help successfully seek department and firm-wide initiatives.
  • Learn the firm’s hedge analytics platform and become proficient at analyzing reports and understanding various valuation methods.
  • Generate daily rate sheets and communicate changes in pricing to primary markets team and sales managers.
  • Manage execution of loan sales, minimum 2 times per week.
  • Analyze final bid tape execution results to determine trends and anomalies in investors’ pricing and develop actionable strategies for the secondary team to pursue.
  • Manage pipeline activity, including high balance deliveries and front-end pricing, daily reconciliation of new locks, and mandatory vs. best efforts execution.
  • Manage onboarding process for new investors and broker/dealers, engaging with all stakeholders, both internal and external.
  • Perform Ad hoc SQL requests

About You:

  • 2-5 years of mortgage-related experience, either at an originator or an investment bank S&T program
  • Knowledge of whole loan/MBS markets
  • Proficiency in Microsoft Excel and SQL; Python a plus
  • Proactive and tackles every project with hustle and a strategic eye
  • Strong communication skills
  • Highly analytical and quantitative
  • Careful attention to detail
  • Intellectual curiosity
  • Time management and ability to self-manage project completion amidst frequent interruptions by market-driven or time sensitive tasks

The Better mission is rooted in values that drive us.

  • We do what’s in the best interest of the consumer, not ourselves
  • We have growth mindsets, not fixed ones
  • We believe that success lies in execution, not credentials
  • We act like owners, not just employees
  • We work to find answers on our own, not wait for them to be given to us 
  • We optimize for mission, not ego

Our mission speaks for itself—we continue to outpace the industry at every turn. We’ve recently joined forces in partnership with Ally Bank, and our backers have helped build some of the most transformative tech and finance companies in history. Kleiner Perkins, Goldman Sachs, American Express, Citigroup, Activant Capital, Ally Bank, and others have invested in our vision for what homeownership can be.

Better Benefits & Compensation

Better.com is committed to paying NYC HQ salary bands, for all employees, regardless of where they are located and does not adjust salaries based on cost of living location. Our total rewards package consists of base salary, yearly cash bonus, equity and benefits. Additional employment-related benefits include:

  • A $500 stipend to set up the WFH office of your dreams
  • Comprehensive healthcare, retirement, and voluntary benefits—including medical, dental, vision, savings accounts, 401k, and more
  • Personalized care and tools for realizing your mental health and wellness goals
  • Robust holistic wellbeing offerings where you can experience unlimited access to virtual fitness, meditation, yoga, cooking classes, homeschooling preparedness, physical therapy, and more
  • Unlimited time off (with manager approval)
  • 12 weeks of paid parental leave after only 90 days of employment, and 20 weeks after 24 months of service
  • Inclusive fertility benefits for you or your eligible dependents, regardless of participation in a Better medical plan

Better is an equal opportunity employer. We do not discriminate on the basis of age, race, color, religion or religious creed, sexual orientation, gender, gender identity, marital status, family or parental status, disability, military or veteran status, age, or any other basis protected by law. All employment decisions at Better are based on a person’s merit, business needs, and role requirements.

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Location

Located in the heart of the financial district in NYC in the World Trade Center

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