PENNYMAC · 8 hours ago
Loan Setup Specialist / Pre-Underwriting Analyst
Carrollton, TX
Full-time
Hybrid
Entry Level
$39K/yr - $55K/yr
1+ years expPennymac is a specialty financial services firm focused on the production and servicing of U.S. mortgage loans. The Loan Setup Specialist / Pre-Underwriting Analyst is responsible for reviewing and structuring mortgage loan files prior to submission to underwriting, ensuring all documentation is complete and compliant.
BankingFinanceFinancial ServicesLendingMortgage
Responsibilities
Review incoming loan files for completeness, accuracy, and compliance with company policies, investor guidelines, and regulatory requirements
Validate loan structure, including loan program eligibility, product selection, occupancy, property type, and transaction purpose
Analyze borrower documentation such as income, assets, credit reports, and liabilities to ensure accuracy and consistency
Identify missing, incorrect, or conflicting information and request appropriate documentation or corrections
Set up loan files accurately in the loan origination system (LOS) prior to underwriting submission
Ensure disclosures, fees, and credits align with loan structure and compliance standards
Review appraisals, AVMs, and property documentation for accuracy and guideline alignment when applicable
Collaborate with Loan Officers, Brokers, Account Executives, and internal teams to resolve issues and prevent delays
Document clear, concise notes within the loan file to support underwriting review
Adhere to service-level agreements (SLAs), productivity goals, and quality standards
Follow all company policies, procedures, and regulatory requirements at all times
Consistently meet or exceed daily production and quality benchmarks
Maintain low error and rework rates
Demonstrate adherence to schedules, SLAs, and company policies
Maintain professional conduct and effective collaboration with internal and external partners
Qualification
Required
High school diploma or equivalent required
1–3 years of experience in mortgage processing, underwriting support, loan setup, or a related role
Strong understanding of mortgage loan products (Conventional, FHA, VA, USDA, Non-QM as applicable)
Working knowledge of underwriting guidelines and pre-underwriting review standards
High attention to detail and strong analytical skills
Ability to identify risk, discrepancies, and guideline conflicts early in the process
Effective written and verbal communication skills
Strong time management skills with the ability to meet production goals in a fast-paced environment
Proficiency with loan origination systems (e.g., Encompass) and mortgage documentation
Preferred
College coursework in finance, business, or related field preferred
Prior experience reviewing income, assets, and credit documentation preferred
Benefits
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
Company
PENNYMAC
Pennymac is a home loan lending company that offers financial services.
1001-5000 employees
H1B Sponsorship
PENNYMAC has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (48)
2024 (42)
2023 (33)
2022 (44)
2021 (65)
2020 (34)
Funding
Current Stage
Public CompanyTotal Funding
$2.33B2025-12-11Post Ipo Debt· $75M
2025-08-07Post Ipo Debt· $650M
2024-05-20Post Ipo Debt· $850M
Leadership Team
Stanford L. Kurland
Founder, Chairman, and Chief Executive Officer
Amar Nadig
Senior Vice President of Enterprise Data
Recent News
MarketScreener
2025-12-20
2025-12-16
2025-11-06
Company data provided by crunchbase