VP, Secondary Marketing

Constructive Capital - Chicago, IL

Full-time - Senior

Chicago, IL

About the position

The Vice President of Secondary Marketing at Constructive Capital is responsible for managing relationships with investors and correspondent partners, overseeing the pricing, packaging, and execution of originated loans. This role involves ensuring compliance with secondary market requirements, managing lock desk functions, and coordinating new mortgage products. The VP will also supervise daily operations related to loan pricing and trades, while maintaining effective communication with senior management and ensuring compliance with applicable laws and regulations.

Responsibilities

• Formulate and maintain procedures, policies, and guidelines for operations consistent with secondary market and investor requirements.
• Supervise daily functions associated with loan pricing, locking, trades, boarding, collateral management, and due diligence exception clearing.
• Coordinate efforts for new salable mortgage products and act as the primary contact for secondary market and correspondent lenders/investors.
• Maintain and manage all secondary market functions in the loan operating system.
• Establish and maintain relationships with vendors, trading partners, and hedging services for optimal loan execution.
• Work with senior management to establish pricing/profitability targets and track related data.
• Manage loan sales execution to ensure milestones are achieved and assist in managing warehouse lines of credit.
• Communicate transaction status and financial results with senior management effectively and timely.
• Ensure post-closing activities are executed timely, including collateral delivery and final document reconciliation.
• Ensure compliance with laws, regulations, and policies, including completion of required training.
• Hire, train, and develop personnel resources, ensuring cross-training for redundancy.

Requirements

• Bachelor's degree in Finance and Accounting preferred; high school diploma/GED required.
• 4 years of experience in Secondary Market Management.
• 5 years of mortgage underwriting experience.
• 10+ years of mortgage industry management experience.
• Proficiency with Encompass software.
• Demonstrable knowledge of hedging practices and systems, lock policies, and delivery processes.
• Knowledge of pricing/hedging systems, Lock Desk, and Post-Closing functions.
• Strong reporting and analytical skills to manage workflow and service-level agreements.
• Strong written and verbal communication skills.
• Proficiency in Microsoft Office.