2027 Capital Markets Summer Internship Program

United Wholesale Mortgage; Pontiac (MI); On-site; USD 28,000 - 39,000; Full time

Benefits offered by this job

Networking opportunities

Access to senior leaders

Paid training and career development

On-site campus facilities

Job summary

United Wholesale Mortgage is hosting a Capital Markets Summer Internship on its campus in Pontiac, MI. The 12-week program provides interns with real exposure to trading, pricing, pooling & delivery, and the lock desk, along with extensive networking and leadership access.

Interns will shadow teams, perform ad-hoc analyses, and participate in daily tasks such as Bloomberg trading, reconciliation, and reporting, all while working on-site May 17 through August 6.

Qualifications

• Graduating with a bachelor’s degree in 2027 or 2028 (current junior/senior status).
• The ability to work Monday through Friday, 40-hours a week, fully on-site in Pontiac, MI from May 17th - August 6th.
• An openness to learning, willingness to be coached, and ability to be flexible in our ever-changing industry.
• Ability to thrive in a team environment.
• A strong work ethic.
• A drive to succeed.

Responsibilities

• Gain exposure to the daily trading and hedging process through access to Bloomberg.
• Analyze trade performance and create reporting for leadership.
• Run daily Best Execution analyses and weekly investor price comparisons.
• Collaborate with Marketing team to redesign Market Watch.
• Process Change of Circumstance requests for Non-Agency Pipeline team.
• Complete ad-hoc reporting requests.
• Assist in processing and monitoring interest rate lock requests.
• Reconcile daily Bank files for financial reporting.

Education

Bachelor's degree

Job description

UWM's 12-week internship program offers an immersive experience with around 200 interns, job shadowing, access to senior leaders, and extensive networking opportunities. Experience our one-of-a-kind workplace that thrives on collaboration, teamwork, and innovation. This internship is designed to give you a running start, not one that has you running errands.

Capital Markets Summer Internship

The Capital Markets team will provide students an understanding of capital markets operations, including trading, investment analysis, risk management, and financial instruments. The Capital Markets team is made up of five main areas: Trading, Pricing, Pooling & Delivery, Lock Desk, and Warehouse.

What You Will Be Doing

TRADING

• Gain Exposure to the daily trading and hedging process through access to Bloomberg.
• Manage daily reconciliation and margin movements with trading counterparties.
• Analyze trade performance and create reporting to present this data to the team and senior leadership.
• Work on ad-hoc projects as they arise to support trading and the broader Capital Markets teams.

PRICING

• Run daily Best Execution analyses.
• Generate weekly investor price comparisons.
• Write our weekly Market Watch UZone articles.
• Collaborate with Marketing team to redesign Market Watch.
• Process Change of Circumstance requests for Non-Agency Pipeline team.
• Complete ad-hoc reporting requests.
• Participate in huddles and team activities.

POOLING & DELIVERY

• Working with JPM to fund our GNMA pools.
• Building pools in QRM and tying out the data prior to funding.
• Daily excel reports for pipeline volume and best execution.

LOCK DESK

• Assist in processing and monitoring interest rate lock requests to ensure accuracy and compliance with company policies.
• Collaborate with team members to analyze market trends and pricing strategies.
• Support the preparation of reports and documentation related to locked loans and market conditions.
• Help maintain and update the lock desk database and ensure timely communication with internal and external stakeholders.

WAREHOUSE

• Reconcile daily Bank files for financial reporting.
• Execute on an Audit project to ensure all Banking access is accurate and precise.
• Work with 10 different Warehouse banks to learn daily disbursements and settlements.
• Accordant an audit review of all job process guides.
• Collaborate on initiatives with the finance and treasury teams.

What We Need From You

• Graduating with a bachelor’s degree in 2027 or 2028 (current junior/senior status)
• The ability to work Monday through Friday, 40-hours a week, fully on-site in Pontiac, MI from May 17th - August 6th
• An openness to learning, willingness to be coached, and ability to be flexible in our every-changing industry
• Ability to thrive in a team environment
• A strong work ethic
• A drive to succeed

THE PLACE & THE PERKS

Ready to join thousands of talented team members who are making the dream of home ownership possible for more Americans? It’s all happening on UWM’s campus, where our award‑winning workplace packs plenty of perks and amenities that keep the atmosphere buzzing with energy and excitement.

It’s no wonder that out of our six pillars, People Are Our Greatest Asset is number one. It’s at the very heart of how we treat each other, our clients and our community. Whether it’s providing elite client service or continuously striving to improve, our pillars provide a pathway to a more successful personal and professional life.

From the team member that holds a door open to the one that helps guide your career, you’ll feel the encouragement and support on day one. No matter your race, creed, gender, age, sexual orientation and ethnicity, you’ll be welcomed here. Accepted here. And empowered to Be You Here.

More Reasons You’ll Love Working Here Include

• Paid volunteer hours
• Paid training and career development
• Medical, dental, vision and life insurance
• 401k with employer match
• Mortgage discount and area business discounts
• Free membership to our large, state-of-the-art fitness center, including exercise classes such as yoga and Zumba, various sports leagues and a full-size basketball court
• Wellness area, including an in‑house urgent care, full‑time massage therapist and hair salon
• Gourmet cafeteria featuring homemade breakfast and lunch
• Convenience store featuring healthy grab‑and‑go snacks
• In‑house Starbucks and Dunkin
• Indoor/outdoor café with Wi‑Fi

DISCLAIMER

All the above duties and responsibilities are essential job functions subject to reasonable accommodation and change. All job requirements listed indicate the minimum level of knowledge, skills and/or ability deemed necessary to perform the job proficiently. Team members may be required to perform other or different job‑related duties as requested by their team lead, subject to reasonable accommodation. This document does not create an employment contract, implied or otherwise. Employment with UWM is "at-will." UWM is an Equal Opportunity Employer.