Pennymac
Pennymac has the mindset and agility of a startup, with the power and backing of a large public company.
Los Angeles, CA

Dflt Rptg Analyst II at Pennymac

| Los Angeles, CA
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Overview
Responsible for providing senior-level support to the Default Reporting team and management. The Senior Analyst performs quality assurance/control reviews of the work of other analysts on the team. The position also involves attending and presenting information in meetings, including meetings with senior level and executive managers. The Senior Analyst assists the team by assigning workflow to other analysts and reporting back on results to management. Support is also provided by serving as a backup for other analysts when needed. The Senior Default Reporting Analyst may provide additional analytical support to the lines of business within the Default Servicing division.
**Remote Opportunity
Job Description
  • Refresh daily trial/exception reports and resolve loan-level issues to ensure accurate default reporting. Engage with partners in Default lines of business to resolve process-level impediments to accurate reporting.
  • Review error reports provided after each monthly transmission and correct/resolve errors within prescribed timeframes.
  • Research and respond to investor requests for information or changes to reporting.
  • Research and respond to internal and external audit requests, where required.
  • Provide analytical and data support to the Default Reporting team.
  • Provide support for the service transfer process through creation of data dashboards, triage checklists, and Word Search analysis.
  • Monitor key loan modification process milestones and requests for foreclosure holds, ensuring compliance with regulatory requirements (i.e., CFPB, HUD, etc.).
  • Monitor adherence to first legal deadlines on FHA loans, ensuring that manual extension requests are made by the line of business, where applicable.
  • Reconcile fees and costs after the completion of loan modifications and perform other loan-level reconciliations when needed for trend analysis and process improvement initiatives.
  • Reconcile fees and costs for loans scheduled for service release from PennyMac to new servicers.
  • Enhance and create trial/exception reports and databases.
  • Provide data queries and analytical support to the Default Reporting team and team management.
  • Act as backup for other analysts on the team, including support for the following processes: delinquency status reporting to the investors, FLDD and compliance monitoring, loan modification fee reconciliation.
  • Support the Default Reporting management team through reporting; overseeing projects; training and mentoring new employees; and keeping policies and procedures up-to-date.
  • Work with management to create new compliance monitoring processes in support of Default Servicing. This will include review of exception reports and monitoring of loan statuses for adherence to regulatory requirements from the CFPB and other regulators.
  • Perform quality assurance/control reviews of the work of other analysts on the team.
  • Attend and present information in meetings
  • Assign workflow to other analysts and report back on results to management.
  • Collaborate with management to drive process improvement through regular assessment of existing processes and methods and proposing more effective and efficient methodologies.
  • Responsibility to be cross-trained on all team processes to ensure he/she can adequately support the team and provide updates to managers.
  • 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:
  • Mortgage industry experience required
  • Must be highly proficient in Excel, Word, PowerPoint, and SQL
  • Ability to manipulate and analyze large datasets, mainly in Excel
  • Must be a team player with strong attention to detail and ability 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
  • Strong business acumen and ability to interface with executive management
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Technology we use

  • Engineering
  • Product
  • Sales & Marketing
    • .NETLanguages
    • PerlLanguages
    • PythonLanguages
    • RubyLanguages
    • AWS Cloud ServicesLanguages
    • jQueryLibraries
    • jQuery UILibraries
    • ReactLibraries
    • ReduxLibraries
    • AngularJSFrameworks
    • Node.jsFrameworks
    • Ruby on RailsFrameworks
    • SpringFrameworks
    • MongoDBDatabases
    • MySQLDatabases
    • PostgreSQLDatabases
    • TableauAnalytics
    • ConfluenceManagement
    • Google DriveManagement
    • Google DocsManagement
    • Google SlidesManagement
    • JIRAManagement
    • GitLabManagement
    • SalesforceCRM
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What are Pennymac Perks + Benefits

Pennymac Benefits Overview

Pennymac puts its people first. Our generous health, dental and vision benefits are available to all full-time employees. Our tech department also hosts fun, team-building events and activities.

Culture
Volunteer in local community
Partners with Nonprofits
Friends outside of work
Eat lunch together
Intracompany committees
Daily sync
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Pair programming
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Highly diverse management team
Unconscious bias training
Diversity manifesto
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Onsite Gym
Mental Health Benefits
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Company Equity
Employee Stock Purchase Plan
Performance Bonus
Child Care & Parental Leave Benefits
Family Medical Leave
Vacation & Time Off Benefits
Generous PTO
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
Game Room
Stocked Kitchen
Some Meals Provided
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Diversity Program
Lunch and learns
Promote from within
Mentorship program
Time allotted for learning
Online course subscriptions available
Customized development tracks

An Insider's view of Pennymac

What are some social events your company does?

Our Tech team has great events, including casino & trivia nights, virtual happy hours, gaming - we’ve even sponsored a video game tournament against our industry competitors! We’re nationally disbursed, but regardless of where people live, we’re all part of one interactive, linked community, and it’s easy to find others who share your interests.

Juan

Senior Developer, Production

How do you collaborate with other teams in the company?

The culture at Pennymac has cultivated a great sense of teamwork in which we all succeed, fail, and learn together. We collaborate in many ways - from video calls to morning coffee hours, ad hoc huddles, email, chat, and sometimes while playing ping pong or pool in the cafeteria. Everyone is encouraged to work together to accomplish a common goal.

Mandy

Vice President, IT Program Management

How has your career grown since starting at the company?

My time at Pennymac has rocketed my career as a software dev. In two years I went from having no professional coding background to managing three applications in production, managing two direct staff and contributing to open-source libraries. My time has given me the experience and skills to successfully create new tech products that make money.

John

Assistant Vice President, Application Development

How do your team's ideas influence the company's direction?

As a company, we're one very cohesive, supportive team with various areas of expertise. It's like a potluck - everyone brings something different, but it all comes together perfectly. Company management believes in us, trusts us, and invests in us. That provides the opportunity to build positive outcomes for our business and our customers.

Nick

Managing Director, Technology Infrastructure

What are some things you learned at the company?

Our team constantly works to better itself by delivering software on time without shortcuts or compromising quality. At Pennymac, I have the opportunity to own many critical day-to-day database operations. I've had the flexibility to be innovative, which has allowed me to grow as a developer.

Pavan

Senior Developer, Database

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