Servicing Compliance Specialist III

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 Mortgage Servicing Compliance Specialist III is responsible for developing business performance metrics to ensure the organization adheres to complex federal and state regulations. This role involves direct collaboration with data analysis to translate statutory requirements into actionable test logic, conducting User Acceptance Testing (UAT), and connecting with Lines of Business (LOB), Legal, and Corporate Compliance to ensure operational alignment. The role requires a capacity for thorough investigation and documentation, specifically the ability to effectively cross-reference and cite any potential findings that emerge during the course of a project or analysis. This capability ensures that all identified issues, observations, or conclusions are supported by verifiable evidence and can be traced back to their original source or context. This is crucial for maintaining audit trails, ensuring data integrity, and providing comprehensive support for corrective actions or strategic recommendations. While an individual contributor, their deep knowledge makes them a key mentor and guide for junior members of the compliance department.

The Mortgage Servicing Compliance Specialist III Will

• Research and interpret regulations to define test requirements and metrics.
• Review Policies and Procedures (P&Ps) and meet with Lines of Business to fully understand operational processes related to specific regulations.
• Work with data analysts to implement and review report sql logic and conduct detailed UATCollaborate with data analysts to implement and review SQL logic for reports, and conduct detailed User Acceptance Testing (UAT).
• Ensure that management is apprised of audit/exam and QA/QC results on a regular basis and is advised in a timely fashion of any emerging risks, critical deficiencies that could adversely impact operational, reputational or transactional processes within the business unit(s)
• Schedule and lead walkthroughs with management and the LOB to discuss testing approaches, findings, and logic updates.
• Draft policies and procedures when needed for testing reports
• Provide clear and descriptive documentation detailing action takenFurnish comprehensive and explicit documentation detailing the actions undertaken.
• 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

• 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
• Presentation experience is a plus
• Must be a team player with strong attention to detail and able to work independently requiring minimum supervision
• Proven track record at delivering timely and accurate information in a fast-paced environment
• Excellent critical thinking, problem solving, mathematical skills and sound judgment
• Strong business acumen and ability to interface with executive management
• Strong verbal and written communication skills
• Financial Services and, if possible, mortgage industry experience 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

$55,000 - $85,000

Work Model

OFFICE