Credit Reporting Transmission Specialist

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 Credit Reporting Transmission Specialist II is responsible for independently managing data quality controls and resolving recurring data and bureau rejection issues. This specialist actively participates in the entire monthly credit reporting cycle and ensures data integrity to minimize the likelihood of inaccurate consumer reports.

The Credit Reporting Transmission Specialist II Will

• Execute and validate the full Pre and Post Transmission process and associated queries
• Format the consolidated Bureau Reject Report (for all CRAs: Equifax, Experian, Innovis, and TransUnion) and review known issues and reject reasons
• Resolve exceptions noted during Pre and Post-Transmission processing, including deleting, updating, and correcting information on the system of record as appropriate
• Identify and reverse overrides placed on loans due to system limitations or management exceptions
• Update Procedures and Process Maps as directed by management
• Assist other lines of business in determining what information reported and verifying its accuracy
• Collaborate with Credit Corrections to provide any credit reporting support with data tracking, dispute tracking, projects, creating efficiencies
• Perform other related duties as required and assigned
• Demonstrate behaviors which are aligned with the organization’s desired culture and values
  
  

What You’ll Bring

• 2-4 years experience in credit reporting, credit corrections, loan servicing, or a highly analytical data-intensive role. Direct experience working with Metro 2 file specifications or the CRRG preferred
• Advanced/Expert proficiency in Microsoft Excel. Solid experience with basic data mining queries (e.g., using SQL or similar tools) to locate loan and historical data. Direct experience with credit dispute resolution workflows preferred
• Thorough understanding of the FCRA and PennyMac's guidelines for accuracy and integrity of furnished information. Working knowledge of other related laws like FDCPA or RESPA preferred
• Proven ability to manage a recurring monthly process with strict deadlines, excellent problem-solving skills, and a proactive approach to identifying data issues. Experience in training or mentoring junior staff preferred
  
  

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

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.

Salary

$65,000 - $100,000

Work Model

OFFICE