The average pay for a Mortgage Trader is $29.48 per hour.
The average pay for a Mortgage Trader is $99,159 per year.
|Salary||$57,894 - $136,846|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$46,143 - $154,466|
Job Description for Mortgage Trader
Mortgage traders generally work for financial institutions, trading mortgage-backed securities such as stocks, mutual funds and bonds. They execute trading strategies utilizing various derivative products such as swaps, options and exchange traded futures. Monitoring trends and developments within the mortgage industry is an essential part of this position. At all times, mortgage traders must comply with various government rules and regulations; they must follow their company’s guidelines, policies and procedures as well. They must be knowledgeable in Security Exchange Commission (SEC) rules related to security trading, relevant Internal Revenue Service (IRS) regulations and other relevant rules and regulations. Additionally, mortgage traders must keep their licenses current at all times.Read More...
Employer generally require that candidates have at least a bachelor's degrees in business, finance, marketing, economics or another relevant field. Mortgage traders are most likely required to pass series 6 and/or 7 exams administered by the Financial Industry Regulatory Authority (FINRA), and they may have to obtain other certification specific to mortgage security trading. Mortgage traders must be proficient with basic computer programs, including their organization's computer systems. Other skills that a mortgage trader must have include strong analytical, interpersonal and communication skills; knowledge of a second language may be required or preferred as well. (Copyright 2019 PayScale.com)
- Receive buy and sell orders for mortgage securities from clients and carry out the transactions.
- Follow changes and trends in the mortgage and financial markets.
- Ensure paperwork is completed correctly and proper transaction records are kept.
- Advise clients on how to meet their financial goals and get the best returns on their mortgage securities.
Mortgage Trader Job Listings
Key Stats for Mortgage Trader
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