VP, Mortgage Fin Due Dil
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About The Position
The VP of Mortgage Finance Due Diligence is responsible for monitoring and assessing the due diligence findings on whole loan pools being sold to various institutional lenders and securitizations, ensuring timely delivery of due diligence findings from third party review vendors, and working with internal business units to mitigate the level of loan production and quality issues in order to minimize due diligence exceptions and achieve acceptable execution levels. The VP of Mortgage Finance Due Diligence will oversee the due diligence process for whole loan sales and securitizations, correspond with the investors and third party review vendors to ensure that due diligence findings are delivered timely and at regular intervals throughout the diligence process, review third-party due diligence reports and compile reports for Capital Markets management and Trading related to the due diligence findings and trends. They will identify and analyze loan quality or production issues or trends associated with the loan pools, including credit, compliance, operational and collateral valuation and work with internal business units to remediate. Additionally, they will monitor the rebuttal process related to outstanding due diligence findings to ensure prompt resolution, act as a liaison between PennyMac's fulfillment group and the investor and/or third party review vendor to escalate and resolve any disagreements in the due diligence findings, and work closely with Mortgage Finance team members to facilitate the settlement of the whole loan sales transactions. Staying abreast of loan underwriting program changes, regulatory changes and industry best practices is also a key responsibility.
