Absolute Unit

Absolute Unit is a capital markets advisory serving mortgage originators and institutional investors.

Lorenzo Piccirilli

Principal

He has over a decade of experience across mortgage trading, secondary marketing, and capital markets operations. Most recently, he served as Vice President of Capital Markets at Radian, where he led the mortgage trading team and helped scale Radian Mortgage Capital's loan conduit from inception to over $2 billion in annual volume. He developed and executed TBA and SOFR swap hedging programs across Agency and Non-Agency collateral, oversaw daily mark-to-market and P&L attribution, and contributed to the firm's prime jumbo private label securitization shelf.

Previously, he was a Senior Mortgage Trader at Flagstar Bank, hedging the origination pipeline across TBAs, specified pools, whole loans, and CRA assets, and managing MSR and interest-only portfolios. He began his career in secondary marketing at United Wholesale Mortgage and MB Financial Bank, covering best execution modeling, agency pooling and delivery, and reporting automation.

At Absolute Unit, he has guided clients through the transition from best-efforts to mandatory execution, established institutional hedge counterparty relationships, authored capital markets handbooks and lock desk policies, and built daily pipeline P&L and performance attribution reporting. He is based in Miami, Florida.

Work

consulting
Hedging, execution, and desk buildouts
mtgmon beta
Public U.S. mortgage market data
aura in development
Pipeline and execution software

Contact