Spec III, Srv Compliance

Pennymac•Moorpark, CA

138d•Onsite

About The Position

The Mortgage Servicing Compliance Specialist III is a senior subject matter expert who translates complex regulations into actionable guidance for Servicing business units. They ensure full compliance by shaping all operational components—from policies, procedures, and training, to communications and monitoring controls. While an individual contributor, their deep knowledge makes them a key mentor and guide for junior members of the compliance department. The Mortgage Servicing Compliance Specialist III will: Regulatory Updates: Ensure proper communication and implementation of laws and regulations related to GSE, VA, FHA, State, and Federal, etc. Provide guidance to applicable Servicing business units to ensure laws and regulations are interpreted and implemented accurately: policies/procedures, training, flow charts, reference guides, forms, communications, technology, monitoring controls, and operations needed to properly service loans Work with the management to identify new or changed regulatory requirements and assess impact Maintain updates to project plans and various reports to meet departmental requirements Managing Audits and Exams: Gather/coordinate deliverable submissions related to internal/external audits, ensuring adequacy & timeliness Review preliminary/final reports and draft Default Servicing/line of business response and/or rebuttals Work with the business unit management to develop efficient and effective remediation action plans to address exceptions, process/control gaps and recommendations; monitor action plans to fulfillment/execution Partner with line of business on remediation related to QA/QC results Ensure that management is apprised of audit/exam and QA/QC results on a regular basis and is advised in a timely fashion of any emerging risks, critical deficiencies that could adversely impact operational, reputational or transactional processes within the business unit(s) Policy and Procedure Administration: 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 Perform other related duties as required and assigned Demonstrate behaviors which are aligned with the organization’s desired culture and values

Requirements

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 requiring minimum supervision
Proven track record at delivering timely and accurate information in a fast-paced environment
Excellent critical thinking, problem solving, mathematical skills and sound judgment
Strong business acumen and ability to interface with executive management
Strong verbal and written communication skills
Financial Services and, if possible, mortgage industry experience preferred

Nice To Haves

Presentation experience is a plus

Responsibilities

Ensure proper communication and implementation of laws and regulations related to GSE, VA, FHA, State, and Federal, etc.
Provide guidance to applicable Servicing business units to ensure laws and regulations are interpreted and implemented accurately: policies/procedures, training, flow charts, reference guides, forms, communications, technology, monitoring controls, and operations needed to properly service loans
Work with the management to identify new or changed regulatory requirements and assess impact
Maintain updates to project plans and various reports to meet departmental requirements
Gather/coordinate deliverable submissions related to internal/external audits, ensuring adequacy & timeliness
Review preliminary/final reports and draft Default Servicing/line of business response and/or rebuttals
Work with the business unit management to develop efficient and effective remediation action plans to address exceptions, process/control gaps and recommendations; monitor action plans to fulfillment/execution
Partner with line of business on remediation related to QA/QC results
Ensure that management is apprised of audit/exam and QA/QC results on a regular basis and is advised in a timely fashion of any emerging risks, critical deficiencies that could adversely impact operational, reputational or transactional processes within the business unit(s)
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
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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