Capital Markets Director

Own the revenue side. Cap Center originates the loans; you make sure every one is priced right, its interest-rate risk is hedged, and it sells for the best possible execution — and that the investor relationships behind the business are strong and well-managed. This is the seat that protects and grows Cap Center’s gain-on-sale margin loan by loan, and it carries real strategic weight: you’ll own pricing, the lock desk, pipeline hedging, loan sales, and the investor relationships, reporting directly to the CFO.

It’s a for a capital markets leader who wants the whole function, not just a desk.

Founded in Richmond, Virginia in 1997, Cap Center combines mortgage, realty, insurance, and in-house title under one roof to deliver better service and more savings to homeowners, most famously through our Zero Closing Cost mortgage. We operate with a focused, capable team where every seat owns real outcomes.

Own Cap Center’s rate sheets, pricing engine, and margin strategy. Set pricing that stays competitive at the point of sale while protecting profitability, and partner with Sales and Production on the tradeoff between winning the loan and the margin on it.

Run the lock desk and manage the interest-rate risk in the pipeline. Hedge the position using TBA/MBS and forward commitments, manage it on a pull-through-adjusted basis, and protect margin against rate moves day to day.

Execute loan sales and investor deliveries, and manage best execution across the investor set to maximize gain on sale. Minimize pair-off and fallout costs, and keep delivery clean and on time.

Own investor approvals and counter party relationships, including contracts and reps and warrants. Set the strategy on mortgage servicing rights, including retain versus release, valuation, and any servicing-rights sales.

Report position, margin, and execution performance to the CFO on a regular cadence, and manage interest-rate and counter party risk within policy. Partner with the CFO and Finance, who own warehouse lines and financing, on funding and liquidity. Partner with Production on the pull-through inputs that drive hedging, with Legal on investor contracts, and with Compliance and Quality Control on repurchase and defect risk.

• 10+ years of capital markets or secondary marketing experience in mortgage lending
• Deep, hands-on pipeline hedging expertise, including TBA/MBS and forward commitments
• A track record of loan sales, best execution, and investor delivery that protected gain-on-sale margin
• Experience managing investor counter party relationships
• Strong quantitative and analytical skills, and fluency with pricing and hedge models
• People leadership experience, having built or led a secondary or capital markets desk
• Demonstrated ability to handle confidential financial information discreetly and act with professionalism and integrity

Preferred: Experience with MSR valuation and retain-versus-release strategy; securitization or GSE delivery experience across Fannie Mae, Freddie Mac, and Ginnie Mae; fluency with pricing and hedge-advisory platforms such as Optimal Blue, Polly, or MCT; familiarity with the Encompass loan origination system;
East Coast multi-state lending experience.

The compensation range for this position is $150,000 - $225,000. Individual compensation will be determined based on job-related business considerations, including relevant qualifications, experience, education, certifications, and skills. Where applicable, this position may also be eligible for incentive compensation and/or discretionary bonus opportunities. Successful performance and achievement of established advancement milestones may lead to promotion opportunities and elevated salary range.

Cap Center offers a comprehensive benefits package, including medical, dental, vision, life insurance, a 401(k) plan with company match, paid vacation, paid holidays, and other programs designed to support the well-being and professional growth of our employees.

Cap Center is an Equal Opportunity Employer (Veteran/Disability). All qualified applicants will be considered regardless of race, color, national origin, age, religion, sex, sexual orientation, gender identity, or any other status protected by applicable federal, state, or local law.