Pine River Capital Management

Transfer Manager, Two Harbors

Job ID
# Positions
Experience (Years)
Two Harbors - Operations


 Two Harbors Investment Corp.


Two Harbors Investment Corp. is a publicly traded mortgage real estate investment trust, or REIT. Our objective is to provide an attractive risk-adjusted total return to our stockholders over the long-term through dividends and capital appreciation. Our mission is to be recognized as the industry-leading mortgage REIT.  We take an opportunistic investment approach to the residential mortgage sector, including residential mortgage-backed securities, mortgage servicing rights and other financial assets.

Two Harbors today is the largest hybrid mortgage REIT with a market capitalization of over $3 billion. Two Harbors is externally managed and advised by PRCM Advisers LLC, a wholly owned subsidiary of Pine River Capital Management L.P.  Two Harbors trades on the NYSE under the ticker symbol “TWO”.


Pine River Capital Management

Pine River Capital Management is a global alternative investment firm focused on relative value trading across a wide range of markets, regions and asset classes. Founded in early 2002, the firm provides alternative investment solutions to qualified clients through commingled hedge funds, separate accounts, listed investment vehicles, and committed capital vehicles. Pine River is headquartered in Minnetonka, Minnesota, with offices in New York, London, and Hong Kong.


Position Description:

Two Harbors is seeking Bulk Transfer Manager who will perform a wide variety of duties to support the Servicing Transfer group. This role will work closely with our network of sellers and sub-servicers by serving as a project manager on all inbound and outbound bulk service transfers. This includes developing schedules and timelines for each deal and the daily follow up to ensure that each milestone remains on track and the end result is a CFPB compliant transfer. Qualified candidates will be highly organized, results oriented, self-starting, possess strong communication skills, have a background in mortgage servicing/originations, and familiarity with regulatory requirements


  • Completion of a “Bulk Transfer Checklist” for each bulk service transfer which evidences adherence to compliance requirements, successful achievement of all deliverables, archival of approvals/communications, and reconciliation of all balances/cash.
  • Conduct a post mortem as part of every service transfer to identify lessons learned/ potential process improvements.
  • Review and maintenance of service transfer instructions and any associated documentation.
  • Ability to balance multiple priorities with while dealing with regulatory / financial deadlines.
  • Schedule and facilitate meetings with sellers, servicers, and vendors as necessary related to the service transfer process:
    • Ensure all deliverables are clearly documented
    • Foster and preserve positive relationships.
  • Monitor email and provide timely and appropriate responses.
  • Serve as the operations liaison facilitating all pre and post transfer activities to proactively ensure that all defined deliverables are achieved.
  • Monthly control point testing.
  • Maintenance of policy and procedures.


  • 5+ years’ experience in the mortgage industry, working with mortgage data and systems from origination to servicing:
    • Specific experience with bulk service transfers, servicing operations, or origination post-closing strongly preferred
    • Knowledge of Fannie Mae & Freddie Mac servicing and service transfer requirements & timelines
    • Experience with MSP a plus
    • Excellent time management skills and the ability to organize, prioritize, and perform multiple tasks simultaneously.
  • Ability to work independently with minimal direct supervision while achieving stated objectives.
  • Undergraduate degree (preferred) or equivalent work related experience required.
  • Demonstrated project management skills.
  • Ability to partner with traders, business executives and peers.
  • Must be technologically literate and proficient in the use of the Microsoft Office Suite (Excel, Access, PowerPoint, Word, Visio).
  • Experience using SQL is a plus.

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