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PENNYMAC · 2 days ago

Spec II, Srv Compliance

Moorpark, CA

Full-time

Onsite

Mid Level

$50K/yr - $75K/yr

Pennymac is a specialty financial services firm focused on the production and servicing of U.S. mortgage loans. The Mortgage Servicing Compliance Specialist II is responsible for implementing regulations and policies related to mortgage servicing, ensuring compliance and providing guidance to business units.

BankingFinanceFinancial ServicesLendingMortgage

Responsibilities

Provides guidance to business units for Regulatory Updates and Policy & Procedure updates on behalf of assigned Servicing business unit(s). Maintain and update various logs and project plans to meet departmental requirements

Ensure proper communication and implementation of laws and regulations related to Treasury (HAMP/HAFA), GSE, VA, FHA, State, and CFPB. Provide guidance to Servicing business units to ensure laws and regulations are interpreted and implemented accurately: policies/procedures, flow charts, reference guides, forms, technology and operations needed to properly service loans

Work with the Servicing Compliance Program Manager and Quality Assurance team to identify new or changed regulatory requirements and assess impact

Assist in reviewing line of business rebuttals to exceptions and determining final loan or process level remediation. Work with the QA team and business unit management to develop efficient and effective solutions and action plans to address findings and recommendations

Ensure that the policies and procedures are updated and compliant with stated requirements

Review published materials and recommend revisions or changes in scope, format, content and methods of publication

Work with department management and process owners to help ensure departmental policies and procedures are created and/or current, complete and accurate

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)

Translates regulatory requirements into actionable business processes and procedures

Provides expert guidance and recommendations to business units on complex compliance matters

Perform other related duties as required and assigned

Demonstrate behaviors which are aligned with the organization’s desired culture and values

Qualification

Regulatory compliance expertiseMortgage servicing regulationsRisk assessmentFinancial services experienceProficient in WordExcelPowerPointMathematical skillsSound judgmentBusiness acumenAttention to detailTeam playerCritical thinkingProblem solving