Mortgage Servicing Compliance Specialist II

A Typical Day

A Mortgage Servicing Compliance Specialist II is responsible for implementing new and updated regulations and investor requirements; assessing the impact to written, automated and manual policies and procedures. This position requires an understanding of mortgage servicing regulations and their practical application.

• Independent inline and post-mortem quality assurance (QA) testing on loan servicing files to ensure compliance with investor, federal, and state regulations (including RESPA and TILA), as well as company policies and procedures.
• Review critical and non-critical data entry to assess accuracy and compliance.
• Identify, document, and report findings to responsible lines of business.
• Work with the Servicing Compliance Program Manager and Quality Assurance team to identify new or changed regulatory requirements and assess impact.
• Review line of business rebuttals and determine final disposition.
• Verify corrective actions are taken on flagged errors.
• Independently researches, interprets, and analyzes complex federal and state mortgage servicing regulations (e.g., RESPA, TILA, ECOA, FCRA, SCRA, FDCPA, CFPB guidelines, investor guidelines like Fannie Mae, Freddie Mac, FHA, VA).
• Translate regulatory requirements into actionable business processes and procedures.

What You’ll Bring

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

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

• 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)
• Retail benefits, life insurance, 401k match, and tuition reimbursement
• Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships

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

$50,000 - $75,000

Work Model

OFFICE