Timothy J. Covington

Timothy J. Covington
Senior Vice President and Trader


Tim joined UCM in 2018 as Senior Vice President and Trader. Prior to UCM, he was a Senior Vice President at Wells Fargo Home Lending in the Capital Markets group. In his 19 years with Wells Fargo, Tim was responsible for the development and implementation of the MSR risk models and strategies to manage interest rate risk arising from Wells Fargo’s servicing portfolio. He also managed the development and implementation of the DFAST/CCAR models to measure enterprise risk and included scenario analysis and forecasting the net MSR results for regulatory reporting, financial planning and capital allocation.

Prior to Wells Fargo, he worked in Secondary Marketing with Citi Mortgage for 7 years. While at Citi, he implemented MSR and whole loan valuation models for bulk acquisitions, and also served as the National Pricing Manager responsible for the development of mortgage pricing models and setting of mortgage interest rates for all Citi Mortgage offices and Citibank branches across the country.

Tim holds an MS in Financial Mathematics from the University of Chicago, an MBA from St. Louis University, and a BSBA in Finance from the University of Missouri-Columbia.