Pennymac
Overview
Pennymac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.
Job Overview The
Loan Reconciliation Analyst
will perform comprehensive loan file reviews once all expected proceeds and settlements have been received. As the
Reconciliation Analyst , you will utilize in-depth knowledge of all required investor, insurer, and internal guidelines, ensuring all 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.
A Typical Day The
Loan Reconciliation Analyst
will:
Review completed loan files to validate that all required investor, insurer, and/or Pennymac guidelines were met in a timely manner
Reconcile financial transactions to ensure maximum recovery
Conduct a complete accounting of loan losses including attribution to loss cause/reason and LOB if applicable
Prepare monthly reports on monetary losses due to curtailments or other servicing deficiencies
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 other related duties as required and assigned
Demonstrate behaviors which are aligned with the organization’s desired culture and values
What You’ll Bring
Bachelor’s degree or equivalent work experience
3+ years of mortgage industry experience
Must be experienced in Microsoft Office Suite and highly proficient in Excel
Why You Should Join As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do. Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.
Benefits Benefits That Bring It Home:
Whether you’re looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac’s benefits have you covered. Some key benefits include:
Comprehensive Medical, Dental, and Vision
Paid Time Off Programs including vacation, holidays, illness, and parental leave
Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
Retirement benefits, life insurance, 401k match, and tuition reimbursement
Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
To learn more about our benefits visit: https://pennymacnews.page.link/benefits
For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information
Compensation Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:
Lower in range - Building skills and experience in the role
Mid-range - Experience and skills align with proficiency in the role
Higher in range - Experience and skills add value above typical requirements of the role
Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.
Salary $45,000 - $66,000
Work Model
OFFICE
#J-18808-Ljbffr
Job Overview The
Loan Reconciliation Analyst
will perform comprehensive loan file reviews once all expected proceeds and settlements have been received. As the
Reconciliation Analyst , you will utilize in-depth knowledge of all required investor, insurer, and internal guidelines, ensuring all 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.
A Typical Day The
Loan Reconciliation Analyst
will:
Review completed loan files to validate that all required investor, insurer, and/or Pennymac guidelines were met in a timely manner
Reconcile financial transactions to ensure maximum recovery
Conduct a complete accounting of loan losses including attribution to loss cause/reason and LOB if applicable
Prepare monthly reports on monetary losses due to curtailments or other servicing deficiencies
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 other related duties as required and assigned
Demonstrate behaviors which are aligned with the organization’s desired culture and values
What You’ll Bring
Bachelor’s degree or equivalent work experience
3+ years of mortgage industry experience
Must be experienced in Microsoft Office Suite and highly proficient in Excel
Why You Should Join As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do. Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.
Benefits Benefits That Bring It Home:
Whether you’re looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac’s benefits have you covered. Some key benefits include:
Comprehensive Medical, Dental, and Vision
Paid Time Off Programs including vacation, holidays, illness, and parental leave
Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)
Retirement benefits, life insurance, 401k match, and tuition reimbursement
Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
To learn more about our benefits visit: https://pennymacnews.page.link/benefits
For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information
Compensation Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:
Lower in range - Building skills and experience in the role
Mid-range - Experience and skills align with proficiency in the role
Higher in range - Experience and skills add value above typical requirements of the role
Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.
Salary $45,000 - $66,000
Work Model
OFFICE
#J-18808-Ljbffr