Securitization Intern - Summer 2027

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 wel...

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