There are numerous participants in mortgage capital markets, and many firms are involved in multiple areas of the mortgage manufacturing process.

For lenders, capital markets sits at the center of mortgage banking, much like the point from which spokes reach out to support the rim of a wheel. While mortgage companies have varying business models and may be organized uniquely, they generally conduct similar activities. Each company must price and deliver loans to end investors.

But, mortgage capital markets is MUCH more than just lenders originating, selling, and servicing loans! Investors, bond issuers, bond trustees, rating agencies, credit agencies, master servicers, subservicers, due diligence firms, government agencies, housing finance agencies, government sponsored enterprises (GSEs), private investors, financial technology firms, hedge advisors, mortgage servicing rights (MSR) brokers and buyers, attorneys, accountants, and more……the cast of characters in mortgage capital markets is large and dynamic. It’s a great place to start, grow, and nurture a meaningful career!