Quality Assumptions Processor
About The Position
Pennymac (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. The Qualified Assumption Processor will work with applicants who wish to assume the mortgage terms and payment of qualified mortgage loans.
Requirements
- Solid knowledge of mortgage underwriting conditions and of basic automated underwriting systems
- Extensive knowledge of conventional conforming & high balance, FHA, VA guidelines
- Must be highly proficient in Excel and Word
Nice To Haves
- UST Certified strongly preferred
- Knowledge of state and federal agency mortgage loan guidelines and regulations helpful
Responsibilities
- Discuss qualified assumption process, requirements and steps with applicants (When applicable)
- Analyze and evaluate documentation received from customers
- Input any required information into the underwriting module accurately and within established time frames
- Submit completed application and documents to operations/underwriter
- Follow the standard purchase operational flow through underwriting and submission to the closing dept
- 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
Entry Level
Education Level
No Education Listed
Number of Employees
501-1,000 employees
