Marketplace Development Analyst

  • Better
  • New York, NY, USA
  • Jun 14, 2018
Full time Finance

Job Description

A Better company

It’s hard not to be excited about mortgages when you’re actively upending the conventions of a $13 trillion dollar business that impacts over 200 million Americans.

At Better, we’re building a next-generation mortgage lender from the ground up. Our team combines leading software engineers from tech giants like Google and Spotify with financial talent from firms like Blackstone and Bridgewater, creating a hybrid institution unlike any other.

Rife with antiquated processes, the home finance industry has remained fundamentally unchanged since the 1970s. As we break down the entrenchments that bar so many from the benefits of homeownership, we adhere to three basic principles:

  • Humans are better than computers at expressing empathy, understanding individual situations, and creating solutions to help people. Let them.
  • Computers are more efficient than humans at working with massive data sets, performing complex calculations, and validating thousands of rules. Use them.
  • The rules of the status quo are broken. Change them.

Join our mortgage revolution.

A Better opportunity

The Capital Markets team drives Better’s day-to-day and long-term strategy by determining what products to offer, as well as overseeing pricing, trading, hedging, financing, servicing and securitization. We are seeking a Marketplace Development Analyst to help us create our next innovation: a Loan Marketplace. The value of a loan and rights to service a loan vary greatly across different parties, and our Marketplace will be a matching engine to optimize investor preferences to borrowers.

As our Marketplace Development Analyst, you’ll delve into the full loan production process - everything from customer acquisition through to loan sale and servicing - in order to optimize our loan routing and execution. On a daily basis you can expect to:

  • Research gaps in our loan product set, identifying where we are not meeting marketplace needs or exhibiting common sense underwriting.
  • Discover and acquire mortgage loan buyers, from niche community banks to major insurance companies and hedge funds.
  • Contribute to the modeling of mortgage servicing rights, one of the most esoteric assets.
  • Collaborate with the Engineering team to digitize loan eligibility criteria in order to deliver the right product and price instantly.
  • Manage our pricing model to maximize company revenue.

Attributes we value

  • You have a quantitative background, engineering or finance preferred.
  • You think systematically, and can translate concepts and logic into an automated process.
  • You have a drive to optimize. Be it measured in dollars generated, time saved, or errors reduced, you strive for efficiency.
  • You have the versatility and intellectual curiosity to work across functional groups.
  • You have strong attention to detail and are not afraid to question your own work; hundreds of millions of dollars will flow through this Marketplace.