Mortgage Servicing Compliance Spec II

Pennymac•Fort Worth, TX

1d•Onsite

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. The Mortgage Servicing Compliance Specialist II will: Provides guidance to business units for Regulatory Updates and Policy & Procedure updates on behalf of assigned Servicing business unit(s). Maintain and update various logs and project plans to meet departmental requirements Maintain and update various logs and project plans to meet departmental requirements Ensure 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 Servicing Compliance Program Manager and Quality Assurance team 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 QA team and business unit management to develop efficient and effective solutions and action plans to address findings and recommendations Ensure that the policies and procedures are updated and compliant with stated requirements 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 Independently researches, interprets, and analyzes complex federal and state mortgage servicing regulations (e.g., RESPA, TILA, ECOA, FCRA, SCRA, FDCPA, CFPB guidelines, investor guidelines like Fannie Mae, Freddie Mac, FHA, VA) 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

Requirements

Possess technical proficiency in regulatory compliance matters and regulations
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

Provides guidance to business units for Regulatory Updates and Policy & Procedure updates on behalf of assigned Servicing business unit(s).
Maintain and update various logs and project plans to meet departmental requirements
Ensure 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 Servicing Compliance Program Manager and Quality Assurance team 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 QA team and business unit management to develop efficient and effective solutions and action plans to address findings and recommendations
Ensure that the policies and procedures are updated and compliant with stated requirements
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
Independently researches, interprets, and analyzes complex federal and state mortgage servicing regulations (e.g., RESPA, TILA, ECOA, FCRA, SCRA, FDCPA, CFPB guidelines, investor guidelines like Fannie Mae, Freddie Mac, FHA, VA)
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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