Nicole Hoffman
Newcastle,CA
Summary
More than 14 years of experience in mortgage backed securities hedging and trading. Management experience in capital markets and secondary marketing. Seeking a long-term position where I can utilize my extensive knowledge to facilitate maximum profit with limited risk.
Overview
14
14
years of professional experience
Work History
Secondary Marketing Analyst
Summit Funding
08.2024 - Current
- Processed and maintained rate lock requests in accordance with investor and company guidelines, ensuring accurate and timely execution.
- Tracked and communicated lock confirmations, expirations, revisions, and fallout to minimize risk for hedged products and third party originators.
- Handled lock extensions, relocks, and renegotiations on hedged and non-qm products.
- Researched and resolved lock discrepancies or pricing issues to support smooth loan processing and funding.
- Evaluated loan-level data to identify trends and opportunities for maximizing profit margins in the Secondary Market.
- Monitored pricing updates and system accuracy using tools such as Optimal Blue, Encompass, and proprietary LOS systems.
Capital Markets Manager
American Pacific Mortgage
06.2020 - 12.2022
- Managed teams responsible for shipping/co-issue delivery, final loan documents, mortgage credit certificates, collateral tracking, investor selection and post-purchase audit/due diligence
- Monitored revenue and risk on curtailment reports for financial transparency and balance
- Completed quarterly assessments of performance records and reports to promote operational improvements
- Directed and participated in meetings with third parties (vendors, warehouse banks, investors, etc.) to gather information and discuss findings
- Collaborated with Chief Investment Officer to manage market risk
- Managed overseas fulfillment for underwriting
- Approved signer for high-balance wire transfers
Senior Trader
American Pacific Mortgage
12.2015 - 06.2020
- Utilized algorithms to search for real-time mathematical indicators and flag trades worth executing
- Executed direct trades and assignment of trades in accordance with mandated strategies and in conjunction with hedging advisory company
- Run best execution for loan allocation to commitments
- Completed loan sales to government sponsored enterprises through their cash windows
- Utilized pricing model based on mandatory sales/mortgage backed securities to ensure competitive pricing
- Contributed ideas and recommendations regarding pricing and sales strategies
- Generated all daily Capital Markets dashboard reports using Power BI
- Assisted with completion of new applications and renewals of investor and warehouse bank approvals
- Reviewed warehouse term sheets and investor agreements and made recommendations for changes
- Worked with hedging firm to manage position sensitivity
- Calculated potential fallout and pull through based on reporting provided by hedging firm
- Analyzed daily position reports provided by hedging firms
Lock Desk Specialist
American Pacific Mortgage
01.2013 - 12.2015
- Communicated with branches, loan officers and loan processors for all aspects of locks during the loan process
- Maintained consistent contact with investors to ensure a smooth process from lock to fund
- Made necessary rate lock changes such as loan amounts, interest rates, pricing, and borrower info
- Remained current on product development and compliance guidelines
- Uploaded daily rate sheets for loan officers on corresponding tiers that reflect pricing based on economic data
- Priced out loans for different scenarios and loan programs
- Extended rate locks based on current market and investor policy while negotiating pricing with investors
- Created new product codes that corresponded with investors’ loan programs
- Managed company users and conducted training for new accounts in Optimal Blue
- Analyzed and resolved problems with branch offices, underwriting and compliance
Post-Closing Coordinator
American Pacific Mortgage
03.2012 - 01.2013
- Requested recorded deeds of trust and title insurance policies from escrow and title companies, respectively, for input and distribution to investors
- Advised escrow companies of re-records of deeds of trust and facilitated necessary steps
- Researched and produced county records to provide necessary documentation for investors
- Responsible for file preparation and delivery of audited loans required by investors
- Current knowledge of specific investor and agency guidelines
- Worked with escrow companies to obtain final settlement statements
- Worked with investors and warehouse banks to ship and track collateral for all mortgages
- Uploaded data into POS and investor imaging systems
Loan Partner
American Pacific Mortgage
10.2011 - 03.2012
- Created, posted and responded to mortgage ads with Lead Generation System (LGS)
- Created client relationships, took loan applications and helped qualify potential clients for residential mortgages
- Maintained client databases in SalesForce, High-Rise, Outlook, Point and Encompass
- Nurtured business relationships with realtors
- Ensured loans were processing timely and kept constant communication with realtors, title and escrow companies, clients and corporate staff
- Kept record of appraisals
- Priced interest rates based on market movement to determine best time to lock loans
- Processed and explained credit checks, helped with credit repair
- Attended and supervised loan signings
- Kept track of current products and pricing with corporate office, worked with broker partners for brokered loans
Skills
- Microsoft Suite – Word, PPT, Excel, Acrobat, Outlook
- Optimal Blue
- Tradeweb
- High-Rise
- Encompass
- DocVelocity
- MIAC
- Thompson Reuters
- Byte
- Mortgage-backed securities
- Byte
- Mortgage-backed securities
Timeline
Secondary Marketing Analyst
Summit Funding
08.2024 - Current
Capital Markets Manager
American Pacific Mortgage
06.2020 - 12.2022
Senior Trader
American Pacific Mortgage
12.2015 - 06.2020
Lock Desk Specialist
American Pacific Mortgage
01.2013 - 12.2015
Post-Closing Coordinator
American Pacific Mortgage
03.2012 - 01.2013
Loan Partner
American Pacific Mortgage
10.2011 - 03.2012
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