Experience

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  Pacific Union Financial

  • Dallas/Fort Worth Area

  • Executive Vice President Capital Markets

    • 2012 - 2014
    • Dallas/Fort Worth Area

    Secondary Marketing executive responsible for pipeline hedging, loan audit and delivery, investor relations, and loan pricing.• Built all secondary marketing functionality as the company transitioned from California which included the creation of policies and procedures, the hiring and training of staff, the modification of process flows and data files, and the formation of analytic and reporting infrastructure.• Adjusted the loan securitization and delivery process to achieve faster and more stable turnover of the loan warehouse facilities while achieving record delivery volumes.• Initiated and managed the formation of a conforming loan audit group to ensure the quality of data in the loan origination system and in the Agency ULDD files.• Converted pipeline hedging model and trading functions from external hedge advisory service to an internal trading desk model using the QRM Mortgage Banking Framework.• Responsible for developing the Freddie Mac MBS securitization process, and for the development and implementation of a jumbo loan program with private label investors.• Executive member of the margin management committee that analyzed competitor metrics and determined pricing for the company’s customer and product centric margin scheme.

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  MetLife Home Loans

  • Dallas/Fort Worth Area

  • Capital Markets - Vice President/Head Trader

    • Sep 2008 - Oct 2012
    • Dallas/Fort Worth Area

    Head trader managing ten employees responsible for trading desk activities, asset hedging programs, pipeline/warehouse modeling, loan pricing, and pool allocations.• Utilized interest rate derivatives, futures, and mortgage backed securities to hedge the forward and reverse origination portfolios, and the mortgage servicing portfolio within predetermined risk parameters and guidelines.• Used relative value strategies and made qualitative decisions within each asset hedging program to optimize the risk/reward formula, and to minimize hedge expense. • Responsible for multivariable best execution models to determine most profitable securitization or whole loan delivery option between various federal agencies, security coupons, and investor specific product and loan attributes.• Redesigned the QRM risk model inputs, product set up, and prepayment calibration to enhance hedge effectiveness and achieve high quality market representative risk metrics.• Supervised the creation of customized hedging, reporting, and loan tracking models and databases to enable the hedging, sale, and securitization of reverse mortgage loans and accreted principal and interest.• Active participant on various asset/liability subcommittees with oversight responsibility for financial derivatives, portfolio performance, product pricing, and MSR valuation.

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  First Horizon Home Loans

  • Dallas, Tx

  • Senior Vice President/Head Trader

    • May 1998 - Aug 2008
    • Dallas, Tx

    Senior Vice President, Director of Interest Rate Risk (2004-2008)Managed the exposure in the company’s interest rate sensitive portfolios which included responsibility for trading, hedging, and securitization of all agency and private label securities, interest rate derivatives, and exchange traded futures.• Successfully lead a trading desk that executed up to $120 billion in MBS and interest rate derivatives annually to hedge interest rate risk in the mortgage pipeline, warehouse, and servicing portfolios.• Presided over the sale of $50+ billion in private label securitizations which included all rated, non-rated, and principal only tranches on first and second lien mortgages.• Expanded loan pricing capabilities to account for variations in product, spreads, and swaps which lead to increased production volume and improved profitability.Vice President, Trading Desk Manager (2000-2004)• Authored white paper initiating trading desk concept, and implemented all trading, and mid office policies, procedures, and functions. • Hired, trained, and managed two junior traders whose responsibilities included hedge execution, portfolio valuation, and management reporting.• Key member of the team that transitioned to the QRM Mortgage Banking Framework which vastly improved risk modeling, and lead to improved hedge performance and trading profitability.Assistant Vice President, Derivative Trader (1998-2000)• Responsibilities included hedge strategy and execution, oversight committee and audit reporting, and derivative valuation and analysis.• Introduced new derivative instruments, indices, and tenors that improved hedge correlation, mitigated basis risk, and reduced amortized hedge expense.

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  Everen Securities Corporation

  • Dallas/Fort Worth Area

  • Vice President Institutional Sales

    • Sep 1996 - May 1998
    • Dallas/Fort Worth Area

    • Established sales professional offering cross product, total return, and relative value ideas to insurance, mutual fund, pension fund management, and trust companies.

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  McDonald & Company

  • Dallas/Fort Worth Area

  • Vice President Institutional Sales

    • Jun 1992 - Aug 1996
    • Dallas/Fort Worth Area

    • Established sales professional offering cross product, total return, and relative value ideas to insurance, mutual fund, pension fund management, and trust companies.

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  Bear Stearns & Company

  • Greater New York City Area

  • Treasury Department Analyst, Management Training Program

    • Feb 1989 - Nov 1991
    • Greater New York City Area

    • Treasury department funding desk focusing on commercial paper, medium term notes, and repurchase agreements to finance day to day operations of the holding company, investment bank, and specific programs.