Securitization Intern - Summer 2027

Detroit, MI

Full time

R-084949

Woodward Capital Management (WCM), a Rocket Companies Capital Markets Internship| Detroit, MI

Woodward Capital Management is the securitization arm of Rocket Companies and an established, repeat issuer in the private-label RMBS market. Since 2019 we have brought more than 50 transactions to market and placed roughly $29 billion of bonds with over 200 institutional investors. Our shelves span closed-end second liens (CES), Non-QM, jumbo, and personal loans, and we are on pace for another record issuance year. As an intern you’ll work on live deals alongside the team that structures, prices, and places them. You’ll also work in an environment where AI tools are part of how the desk does its job.

About the Role

• Track the market. Gather and synthesize data on issuance, new-issue pricing and spreads, and investor activity, and turn it into clear takeaways for the desk. Past interns have contributed to our daily market brief and our monthly securitization publication.

• Build and maintain pricing models. Build and refine Excel models that feed our rate sheets and execution analysis, with a focus on accuracy, auditability, and clean documentation.

• Monitor deal performance. Track monthly performance of WCM-sponsored transactions (prepayments, delinquencies, seasoning trends) and flag anything investors or leadership should know about.

• Support investor communications. Help prepare investor presentations, conference materials, and relationship analytics across a broad institutional investor base.

• Work live deals. Support active transactions through the deal timeline: diligence tracking, tape and document checks, working-group coordination, and pricing and closing preparation.

How we use AI

AI is part of our daily workflow, and we want interns who can use it well. The team uses Claude and internally built tools to speed up research, analyze large datasets, draft and proofread materials, and reconcile documents against deal data. Our internal deal-management platform is itself built around automated checks and data tie-outs.

As an intern, you can expect to:

• Use approved AI tools to analyze data, draft summaries, build charts, and pressure-test your own work.

• Learn how automated checks and workflows fit into a regulated, documentation-heavy process.

• Own what you submit. AI output can be wrong, so you will verify figures against source documents, and you are accountable for the result.

• Follow Rocket’s data-handling rules. Borrower-level and sensitive information stays out of AI prompts unless explicitly approved, and credentials or secrets never go into any tool.

We value curiosity about the tools and sound judgment about when to trust them.

What you’ll need

• Currently pursuing a bachelor’s or advanced degree in finance, accounting, economics, math, engineering, or a related field (expected graduation [YEAR])

• Strong Excel skills (lookups, pivots, and a willingness to learn modeling best practices)

• Strong analytical and critical-thinking skills, and comfort working independently

• Clear written, verbal, and presentation skills

• Genuine interest in fixed income, structured products, and capital markets

What will make you stand out

• Coursework or experience in fixed income, mortgage finance, or structured products

• Familiarity with Bloomberg, Python, SQL, or data visualization tools

• Hands-on experience using AI tools to analyze data or improve your workflow

• Intellectual curiosity, an ownership mentality, and the ability to explain complex concepts simply

• Relevant coursework or progress toward CFA, CAIA, or similar designations

What you’ll gain

Direct exposure to every stage of a securitization, from loan tape to pricing to closing. You’ll work with senior leaders and learn how a leading issuer operates. You’ll also build skills in analytics, investor communications, and AI-enabled workflows

What you’ll get

Our team members fuel our strategy, innovation and growth, so we ensure the health and well-being of not just you, but your family, too! We go above and beyond to give you the support you need on an individual level and offer all sorts of ways to help you live your best life. We are proud to offer eligible team members perks and health benefits that will help you have peace of mind. Simply put: We’ve got your back. Check out our full list of Benefits and Perks. (https://careers.rocket.com/us/en/culture/benefits)

About us

Rocket Mortgage® was founded in 1985. Today, we’re a Detroit-based, publicly traded company with a mission to Help Everyone Home. At Rocket Mortgage, we believe that home is more than the house you live in. Our wide variety of home loan options, tools and resources empower our clients to achieve their homeownership dreams. We’re known as experts in the mortgage industry, but we’re also innovators – we strive to create the best experiences for our clients from beginning to end. And we’re not your typical employer. We’re insistently different in how we look at the world and are committed to an inclusive workplace where every voice is heard. Apply today to join a team that offers career growth, amazing benefits and the chance to work with leading industry professionals.

This job description is an outline of the primary responsibilities of this position and may be modified at the discretion of the company at any time.  Decisions related to employment are not based on race, color, religion, national origin, sex, physical or mental disability, sexual orientation, gender identity or expression, age, military or veteran status or any other characteristic protected by state or federal law.  The company provides reasonable accommodations to qualified individuals with disabilities in accordance with applicable state and federal laws.  Applicants requiring reasonable accommodations in completing the application and/or participating in the application process should contact a member of the Human Resources team, at [email protected] .

As part of the ecosystem of Rocket® we transform talented candidates into passionate team members who thrive in our world of opportunities. Join us in our mission to shape the future of our industries and make a lasting impact in our communities and beyond.