Transaction Management Analyst - Correspondent Lending
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 Transaction Management Analyst - Correspondent Lending performs day-to-day, loan-level and commitment-level transactions, demonstrating knowledge of systems, process, departments, policies and procedures, to ensure commitments are settled accurately and timely with respect to all commitment parameters. As the Analyst, you will execute all best effort transactions (e.g. lock, extension, update, re-lock, renegotiation, cancellation, price inquiries, price updates, pre- and post-purchase price adjustments). The Transaction Management Analyst will: Execute all mandatory (bulk, flow, assignment of trade and direct trade) loan-level transactions (e.g. registration, allocation, kick and substitution) and commitment-level transactions (e.g. update, extension, substitution, over-tolerance, pair-off, swap, trade acceptance) Complete daily reporting routine to validate integrity of commitment pricing and parameters Serve as front-line contact for questions related to the correspondent portal, with respect to all pricing mechanics and pricing related setup Liaise with clients and business partners (including: credit, capital markets, sales, post purchase, accounting and fulfillment) to ensure accuracy of pricing Identify system and process gaps to be reviewed by the pricing manager Perform other related duties as required and assigned Demonstrate behaviors which are aligned with the organization’s desired culture and values
Requirements
- Bachelor’s degree or equivalent work experience
- 1+ years of relevant work experience
- Intermediate user of Microsoft Excel
- SQL knowledge preferred
Nice To Haves
- SQL knowledge preferred
Responsibilities
- Execute all mandatory (bulk, flow, assignment of trade and direct trade) loan-level transactions (e.g. registration, allocation, kick and substitution) and commitment-level transactions (e.g. update, extension, substitution, over-tolerance, pair-off, swap, trade acceptance)
- Complete daily reporting routine to validate integrity of commitment pricing and parameters
- Serve as front-line contact for questions related to the correspondent portal, with respect to all pricing mechanics and pricing related setup
- Liaise with clients and business partners (including: credit, capital markets, sales, post purchase, accounting and fulfillment) to ensure accuracy of pricing
- Identify system and process gaps to be reviewed by the pricing manager
- 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
Number of Employees
5,001-10,000 employees
