Absolute Unit Advisory
Absolute Unit Advisory helps mortgage originators and institutional investors build and improve their capital markets operations. The firm has guided clients through the move from best-efforts to mandatory execution and set up their relationships with institutional hedge counterparties. It has also written capital markets handbooks and lock desk policies, and it has built daily reporting for pipeline P&L and performance attribution.
Lorenzo Piccirilli
Principal
Lorenzo has spent more than ten years on the secondary side of mortgage lending. He started in secondary marketing at United Wholesale Mortgage and MB Financial Bank, moved to the trading desk at Flagstar Bank as a Senior Mortgage Trader, and most recently was Vice President of Capital Markets at Radian.
At Radian, he led the mortgage trading team and helped grow Radian Mortgage Capital's loan conduit from its launch to more than $2 billion in annual volume. He developed and executed TBA and SOFR swap hedging programs for agency and non-agency collateral, oversaw daily mark-to-market and P&L attribution, and contributed to the company's prime jumbo private-label securitization shelf.
At Flagstar, he hedged the origination pipeline across TBAs, specified pools, whole loans, CRA, MSR and IO risk. His earlier work in secondary marketing covered best execution modeling, agency pooling and delivery, and reporting automation. He is based in Miami, Florida.
Work
- advisory
- Hedging, best execution, and trading desk buildouts
- mtgmon beta
- Public U.S. mortgage market data
- aura in development
- Software for pipeline management and execution
Contact