Mortgage Servicing Compliance Spec II
About The Position
Pennymac is (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey. A Mortgage Servicing Compliance Specialist II is responsible for implementing new and updated regulations and investor requirements; assessing the impact to written, automated and manual policies and procedures. This position requires an understanding of mortgage servicing regulations and their practical application.
Requirements
- Possess technical proficiency in regulatory compliance matters and regulations
- Possess the ability to analyze and assess risk based on potential impact to Pennymac for non compliance
- Proficient in Word, Excel and Power Point
- Must be a team player with strong attention to detail and able to work independently
- Proven track record at delivering timely and accurate information in a fast-paced environment
- Excellent critical thinking, problem solving, mathematical skills and sound judgment
Nice To Haves
- Financial Services and, if possible, mortgage industry experience preferred
- Strong business acumen and ability to interface with executive
Responsibilities
- Perform tests using both manual and/or automated methods to perform monthly quality assurance test execution.
- Maintain and update various logs and project plans to meet departmental requirements
- Proper communication and implementation of laws and regulations related to Treasury (HAMP/HAFA), GSE, VA, FHA, State, and CFPB. Provide guidance to Servicing business units to ensure laws and regulations are interpreted and implemented accurately: policies/procedures, flow charts, reference guides, forms, technology and operations needed to properly service loans
- Work with the Line of Business Compliance Program Manager to identify new or changed regulatory requirements and assess impact
- Assist in reviewing line of business rebuttals to exceptions and determining final loan or process level remediation. Work with the business unit management to develop efficient and effective solutions and action plans to address findings and recommendations
- Confirm that the policies and procedures are updated and compliant with stated requirements as identified through quality assurance test execution
- Review published materials and recommend revisions or changes in scope, format, content and methods of publication
- Work with department management and process owners to help ensure departmental policies and procedures are created and/or current, complete and accurate
- Translates regulatory requirements into actionable business processes and procedures
- Provides expert guidance and recommendations to business units on complex compliance matters
- Perform other related duties as required and assigned
- Demonstrate behaviors which are aligned with the organization’s desired culture and values
Benefits
- Comprehensive Medical, Dental, and Vision
- Paid Time Off Programs including vacation, holidays, illness, and parental leave
- Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
- Retirement benefits, life insurance, 401k match, and tuition reimbursement
- Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
