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Income and Liability Analyst
PennyMac
Westlake Village, CA, United States
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Job Description
The Home Loan Specialist III is responsible for ensuring that all Agency (FNMA, FHLMC, FHA, VA, Rural and Jumbo) guidelines have been met as it relates to Income and Liability for mortgage loans submitted to the Correspondent Group. This includes but is not limited to;
• Calculation of income for wage earners and self-employed borrowers
• Income documentation validation including personal and business tax returns
• Calculation of personal liabilities
• Calculation of Debt to Income Ratio
• Calculation of funds to close and reserve requirements
• Asset Documentation validation
Preferred Qualifications
Technical
• Proficiency in Excel environment
• Contemporary knowledge of mortgage loan file and operational practices
• Experience with personal and business tax return analysis
• General
• Windows and Microsoft office Suite
• Basic Mathematic calculation skills
• Specific
• Excellent written communication skills.
• Ability to articulate in writing documentation needs to internal and external clients
• Previous success working in an environment with production and quality metrics
• Demonstrates ability to advance assignments independently and within established deadlines.
• Previous experience navigating agency guidelines and handbooks
• Two years similar work experience
• Ideal candidate has some preliminary mortgage processing experience