Overview
Perform comprehensive loan file reviews once all expected proceeds and settlements have been received. The purpose of the review is to validate that all required investor, insurer, and internal guidelines were met in a timely manner, and that the claim payment made by the investor and insurer was appropriate based on what PennyMac was entitled to receive. Oversee the reimbursement or supplemental recovery process to and from the investor, insurer, or other third parties. Prepare regular reports to inform management of the losses experienced in the loan servicing process and may present losses in a monthly loss reconciliation forum. Ensure that PennyMac's recovery was maximized through an extensive file review, supplemental claims, or third party recovery (transactional reps and warrants), where applicable. This position will consult with various business units to identify risk and loss exposure and develop procedural recommendations and process remediation.
Job Description

• Review completed loan files to validate that all required investor, insurer, and/or PennyMac guidelines were met in a timely manner (and therefore entitling PennyMac to financial recovery)
• Reconcile financial transactions to ensure maximum recovery for the company
• Prepare monthly reports on monetary losses due to curtailments or other servicing deficiencies
• Present losses to management in regular established loss forums
• Seek third party recovery of losses, as stipulated in the reps and warranties of specific transactions
• Negotiate full or partial settlements with MI, Investor, or other third parties, as required
• Consult with various business units to identify risk or exposure to losses and develop procedural recommendations
• Perform work duties utilizing MS Access or Sequel database, including query design and execution
• 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:

• Highly motivated individual with strong time management skills
• 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, and mathematical skills, and sound judgment
• Financial Services and, if possible, mortgage industry experience preferred
• Strong business acumen and ability to interface effectively with executive management
• Must be highly proficient in Excel and Word
• MS Access or SQL experience in database and query functionality preferred

Years of Experience:
3Education:
Bachelor's Degree