Secondary Markets Sales Analyst
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 $35 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.
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.
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 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
- Support with the oversight of our hedged pipeline, which includes daily margining, reporting and surveying P&L
- Utilize and dissect data to uncover relative value opportunities to the team
About You:
- 1-3 years experience in a fixed income markets role (preferably within the mortgage/MBS space)
- Proactive and self motivated with unquestionable hustle
- Analytical thinker
- 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
- Humility and accountability that translates into strong collaboration and teamwork
- Proficiency in SQL/Excel a plus
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.
Depending on your location, the California Consumer Privacy Act or other laws may regulate the way we manage the data of job applicants. For further information on how we collect data of job applicants, please click here. By submitting your application, you are agreeing to our use and processing of your data as required.