What are the responsibilities and job description for the Transaction Management Analyst - Correspondent Lending position at PENNYMAC?
PENNYMAC
Pennymac (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 Transaction Management Analyst - Correspondent Lending performs day-to-day, loan-level and commitment-level transactions, demonstrating knowledge of systems, process, departments, policies and procedures, to ensure commitments are settled accurately and timely with respect to all commitment parameters. As the Analyst, you will execute all best effort transactions (e.g. lock, extension, update, re-lock, renegotiation, cancellation, price inquiries, price updates, pre- and post-purchase price adjustments).
The Transaction Management Analyst Will
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:
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:
Salary
$55,000 - $85,000
Work Model
OFFICE
Pennymac (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 Transaction Management Analyst - Correspondent Lending performs day-to-day, loan-level and commitment-level transactions, demonstrating knowledge of systems, process, departments, policies and procedures, to ensure commitments are settled accurately and timely with respect to all commitment parameters. As the Analyst, you will execute all best effort transactions (e.g. lock, extension, update, re-lock, renegotiation, cancellation, price inquiries, price updates, pre- and post-purchase price adjustments).
The Transaction Management Analyst Will
- Execute all mandatory (bulk, flow, assignment of trade and direct trade) loan-level transactions (e.g. registration, allocation, kick and substitution) and commitment-level transactions (e.g. update, extension, substitution, over-tolerance, pair-off, swap, trade acceptance)
- Complete daily reporting routine to validate integrity of commitment pricing and parameters
- Serve as front-line contact for questions related to the correspondent portal, with respect to all pricing mechanics and pricing related setup
- Liaise with clients and business partners (including: credit, capital markets, sales, post purchase, accounting and fulfillment) to ensure accuracy of pricing
- Identify system and process gaps to be reviewed by the pricing manager
- Perform other related duties as required and assigned
- Demonstrate behaviors which are aligned with the organization’s desired culture and values
- Bachelor’s degree or equivalent work experience
- 1 years of relevant work experience
- Intermediate user of Microsoft Excel
- SQL knowledge preferred
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
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
Salary
$55,000 - $85,000
Work Model
OFFICE
Salary : $55,000 - $85,000