Mortgage Regulatory Compliance Specialist II

PennyMac Corp.; Carrollton (TX); On-site; USD 50,000 - 75,000; Full time

Benefits offered by this job

Comprehensive Medical, Dental, and Vis

Paid Time Off Programs

Wellness Programs

Retirement benefits, life insurance, 4

Philanthropy Programs

Bonus opportunities

Job summary

PennyMac Corp. is seeking a Mortgage Servicing Compliance Specialist II to implement new regulations and investor requirements across servicing operations.

You will translate regulatory requirements into actionable processes, guide business units on updates, and maintain logs to ensure timely compliance. Collaborate with QA and management to identify changes, address findings, and ensure policies and procedures are kept current and accurate.

Qualifications

• Possess 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.
• Must be a team player with strong attention to detail and able to work independently.
• Proven track record at delivering timely and accurate information in a fast-paced environment.
• Excellent critical thinking, problem solving, mathematical skills and sound judgment.
• Financial Services and mortgage industry experience preferred.
• Strong business acumen and ability to interface with executive.

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.
• 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

Skills

Regulatory compliance

Risk analysis

Detail-oriented

Independent worker

Communication

Tools

Word

Excel

PowerPoint

Job description

PennyMac Corp. is seeking a Mortgage Servicing Compliance Specialist II to implement new regulations and investor requirements across servicing operations.

You will translate regulatory requirements into actionable processes, guide business units on updates, and maintain logs to ensure timely compliance. Collaborate with QA and management to identify changes, address findings, and ensure policies and procedures are kept current and accurate.