Job Information
PennyMac VP, Mortgage Fin Due Dil in Westlake Village, California
PENNYMAC
Pennymac is (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.
A Typical Day
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
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
Monitor the rebuttal process related to outstanding due diligence findings to ensure prompt resolution
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
Work closely with Mortgage Finance team members to facilitate the settlement of the whole loan sales transactions
Stay abreast of loan underwriting program changes, regulatory changes and industry best practices
What You’ll Bring
Education: Bachelor's degree preferred
Experience: 5+ years of experience in mortgage lending, with a strong background in underwriting, due diligence, credit risk analysis, and portfolio management
Strong analytical and problem-solving skills
Excellent written and verbal communication skills
Knowledge of underwriting, mortgage lending regulations and industry best practices
Strong attention to detail and accuracy
Ability to work independently and collaboratively
Ability to meet deadlines and manage multiple priorities
Excellent interpersonal and relationship-building skills
Proactive and results-oriented approach
Commitment to ethical and professional standards
Why You Should Join
As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do.
Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.
Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include:
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
We value the hard work and dedication of our employees. In addition to a competitive salary, positions may offer bonus opportunities.
To learn more about our benefits visit:
https://pennymacnews.page.link/benefits
Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:
Lower in range - Building skills and experience in the role
Mid-range - Experience and skills align with proficiency in the role
Higher in range - Experience and skills add value above typical requirements of the role
Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.
Salary
$95,000 - $155,000
Work Model
OFFICE
