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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

+ Bachelor's degree preferred

+ 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

To learn more about our benefits visit: https://pennymacnews.page.link/benefits

For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information

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.

#TPO

Salary

$95,000 - $155,000

Work Model

OFFICE