Pennymac
Pennymac has the mindset and agility of a startup, with the power and backing of a large public company.
Dallas-Fort Worth, TX

Business Controls Specialist I -(Mortgage) at Pennymac

| Dallas-Fort Worth, TX
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Overview
Primary responsibility includes acting as a compliance matter subject expert on regulatory compliance-related issues, including but not limited to QM, TILA, HPML, HOEPA, state regulations, and compliance-related system rules.
Job Description
  • Monitors and answers all incoming compliance questions from Ops teams and Sales on loans currently in process, ensuring SLA of 2 hours is met for all inboxes monitored.
  • Keeps a log of all incoming emails and notifies management of trending issues.
  • Performs compliance reviews as needed; assists in the management of 3rd party reviews as applicable.
  • Researches and resolves issues that arise as a result of QC audits, 3rd party findings and investor repurchase issues; reports agree/disagree findings to senior management.
  • Recommends and makes changes to policies & procedures as needed.
  • Addresses operational risks within the fulfillment process; works to implement improvements and provide solutions to everyday compliance matters as they arise.
  • Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
  • Perform other related duties and ad hoc research projects as required and assigned
  • Demonstrate behaviors which are aligned with the organization's desired culture and values.
Ideal Candidate will have the following:
  • 2 to 5 years' experience in a retail and/or wholesale mortgage lending environment is required, with a focus on compliance testing and closing preferred.
  • Knowledge of mortgage compliance regulations including TRID/TILA, QM, HOEPA, HMPL, Reg Z, Reg X & Dodd Frank is required.
  • Must be highly proficient in Excel and Word.
  • 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.
  • Must possess excellent critical thinking, problem solving, mathematical skills and sound judgment.
  • Strong business acumen and ability to interface with executive management.

#CB
Years of Experience:
5Education:
Associate's Degree
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Technology we use

  • Engineering
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    • AWS Cloud ServicesLanguages
    • jQueryLibraries
    • jQuery UILibraries
    • ReactLibraries
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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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