Vacancy expired!
OverviewAdjust or correct post-funding errors in order to maintain accurate and sellable residential mortgage loans. Monitor for Government Insurance, and trailing docs such as Mortgage Insurance Certification (MIC), Recorded Deed of Trust, Title Policy and Final HUD-1. Identify any errors within the framework of the Correspondent’s closed loans. Responsibilities include report preparation and the handling of more challenging loans.Job Description
Prepare reports to monitor performance levels
Handle more challenging loans in the pipeline
Assist with the training and development of Post Funding Analyst I’s
Handle an increased workload over and above Post Funding Analyst I’s
Provide input to the development of new policy and procedures
Assess the quality of the loan files following pre-determined post-funding, accounting and collateral requirements
Verify all required documentation, (i.e. compliance, credit, collateral, and capacity), are included in the submitted loan file
Ensure timely delivery and review of the collateral documents as to ascertain proper and timely transfer of collateral from sellers to PennyMac after any corrections or adjustments have been made
Ensure that funds are wired to the authorized bank accounts
Coordinate with the appropriate departments to ensure timely availability of cash to purchase loans
Deliver data necessary for accurate accounting of purchased loans
Coordinate with appropriate departments to ensure accurate recordation of post-funding adjustments
Manage the accuracy and completeness of the adjusted data and documents in order for the shipping department to efficiently provide acceptable turnover of the mortgage loans
Ensure zero errors and defects after the purchase of these closed loans
Perform other related duties as required and assigned
Demonstrate behaviors which are aligned with the organization’s desired culture and values
Ideal Candidate will have the following:
Bachelor’s Degree or higher in Business Administration, Finance or related field, preferably in Accounting
Ability to understand the basics of origination and servicing mortgage theory and the reasons behind the act of resolving post-funding issues
Contemporary knowledge of accounting, the mortgage industry and operational practices
Functional understanding of applicable federal, state and local lending regulations
Ability to perform advanced Excel functions, such as: vlookup, filtering and pivot table creation
Demonstrated expertise in various accounting and mortgage concepts, practices and procedures
Ability to use experience and judgment to plan and accomplish goals
Years of Experience:1Education:Bachelor's DegreeNeed help finding the right job?We can recommend jobs specifically for you!Requisition ID 19-10961Location US-CA-Westlake VillagePosition Type RegularCategory OtherEducation Bachelor's DegreeYears of Experience 1
Vacancy expired!