Secondary Markets Sales Analyst (JR101157)

| 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 creative technology and innovation to make the homebuying journey more approachable and understandable. Here are some interesting facts to help you get to know Better:

  • 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. We are committed to fostering diversity, multiculturalism, and inclusion.  We encourage individual potential rather than years of experience. We see the value in each person’s perspective, and recognize their talents, regardless of what the market says. We believe it’s important to nurture a company culture that encourages curiosity and passion—from employee resource groups and learning opportunities to team outings and community outreach. 

A Better opportunity:

 

Better.com is excited to be growing our Secondary Markets team within the broader Capital Markets organization. The team is the revenue generation engine for Better and is deeply involved in strategic decision making. We discover, quantify, and implement new loan programs, as well as seek to maximize our gains from our loan sales with diverse investors such as agencies, national banks, community banks, REITs, and conduits. 

 

The Secondary Markets Sales Analyst will work on identifying potential investors, maximizing revenue with our existing relationships, as well as have a hand in maintaining our loan pipeline.  The alpha we extract ultimately improves the rates and prices we show our borrowers.  

 

Responsibilities will include:

 

As a Secondary Markets Sales Analyst, your ultimate goal will be to understand how our loans are priced, hedged, and traded in order to improve execution and lower costs, which translates to increased borrower savings and revenue for Better. 

  • Immerse yourself in Better's mortgage process from start to finish to establish a firm understanding of the company's building blocks

  • Develop a refined knowledge of the mortgage market through the lens of an originator and understand how it translates to the agency & non-agency securitization market

  • Work closely with the Senior Director, Secondary Markets to identify and carry-out various opportunities to improve loan execution with existing investors

  • Partner with the team to prospect for new investors that can add additional liquidity, taking ownership for all aspects of the onboarding process from start to finish

  • Support with the oversight of our hedged pipeline, which includes daily margining, reporting, and surveying P&L  

  • Harness and dissect data to uncover new business opportunities

About You:

  • 2-4 years experience in mortgage loans and/or mortgage backed securities

  • Proactive and self motivated with unquestionable hustle 

  • Hungry to progress knowledge of fixed income markets

  • Analytical & logical

  • Ability to multitask and maintain composure in a fast-paced environment without compromising accuracy or quality

  • Possess an understanding of interest rate dynamics and the effects on different mortgage valuations

  • Ability to articulate your findings in an understandable way to multiple audiences

  • Humility and accountability that translates into strong collaboration and teamwork

  • Proficiency in SQL/Excel a plus

Better is requiring all US employees to be fully vaccinated in order to go into the office. Our priority is first and foremost the safety of our employees and their families, and we require vaccines out of an abundance of caution. Please note that Better will offer a reasonable accommodation process for employees who are not vaccinated for medical or religious reasons.

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 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

Our total rewards package consists of base salary, equity, benefits, and opportunity for yearly cash bonus. Some of our benefits include:

  • Comprehensive healthcare, retirement, and voluntary benefits. Think medical, dental, vision, savings accounts, 401k, and more.
  • Personalized care and tools for realizing your mental health and wellness goals
  • Robust wellbeing offerings that allow you  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 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 race, color, religion or religious creed, sexual orientation, gender, gender identity, marital status, family or parental status, disability, military or veteran status, or any other basis protected by law. If you require further accommodations or have questions regarding accessibility of our roles, please reach out to [email protected]. 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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