Senior Business Control Specialist

Pennymac • Carrollton, TX

86d • $55,000 - $85,000

About The Position

The Senior Business Control Specialist assists in the development of a mortgage centric compliance program that considers current regulatory requirements and industry standards; further supports Retail, Broker and Correspondent Lending by aiding in the development of policies and procedures for all Production functions. Evaluates and assists in creating an effective control environment.

Requirements

• Experience in management reporting, developing policies & procedures, dealing with complexity, problem solving, legal compliance, knowledge of Reg Z, Reg X & Dodd Frank
• Must be highly proficient in Excel and Word
• Financial Services and, if possible, mortgage industry experience preferred

Responsibilities

• Utilizing investor guidelines, research repurchase claims and defects from investors/insurers to determine if the claim is valid and accurate
• Write rebuttal letters to investors/insurers to refute cured and invalid claims
• Analyze current Production processes and provide recommendations on policies & procedures related to all production functions
• Complete research on investor requirements to support recommendations
• Perform frequent review of competitor guidelines to ensure consistency with the market; identify differences and assess risk associated with alignment
• Act as a liaison between the line of business and corporate partners in matters related to the Production process
• Provide counsel on downstream effects of origination decisions; provides cost benefit analysis and recommendations
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level