CMBS Originations vs. Capital Markets

I was wondering if anyone could speak to the CMBS Originations vs. CMBS Capital Markets teams at top BBs (GS, JPM, Citi, CS, etc). It is my understanding that the Originations team does more of the diligence and evaluation of the properties to include in securitization while Capital Markets is tasked more knowing where things are trading in the secondary market and where to price, correct?

If so, could anyone speak to deciding between either opportunity? Seems like a lot of overlap. Things like best suited skills in each, exit ops, and pay from Analyst on up vs. traditional S&T or IB would be great to hear.

 

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