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Senior Analyst, Loan Integrity
PennyMac
Plano, TX, United States
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Job Description
Responsible for operational activities to ensure the receipt, forensic review and execution of suspicious activity escalations in accordance with established policies, procedures and regulatory requirements. Upholds the Fraud Prevention Framework utilizing previous underwriting experience to complete a forensic investigation of all evidence/documents for the overall fact pattern, with a focus of red flag detection, to confirm and validate any suspicious activities within a loan transaction.
Job Responsibilities:
• Conducts a thorough forensic investigation review of the loan transactions escalated from MFD and CRM departments utilizing knowledge from underwriting experience, policies and procedures to clearly identify/validate and categorize the suspicious activities associated to the loan transaction
• Reviews and researches evidence/documents to analyze the overall fact pattern, identify red flag discrepancies and assess if potential fraud was the intention of the discrepancy
• Completes a recommendation assessment naming participant members and their steps related to suspicious activities identified in the forensic investigation for purposes of reporting and trending analysis
• Preparation of escalation documentation including drafting of SAR commentary (Discovery Timeline, Summary of Transaction, Outline of Suspicious Activity and Assessment) for Corporate Compliance Fraud Team
• Completes the designated process for receiving suspicious activity escalations from Mortgage Fulfillment (“MFD”) and Credit Risk Management (“CRM”) departments on a daily basis
• Serves as a resource for Fulfillment staff in matters related to the processing of high risk loans
• Reconciliation and maintenance of reporting related to:
• Escalations received, ready for review, overturned and forwarded to the Corporate Compliance Fraud Team
• Business Control or Enhanced Integrity Review alerts for condition/stipulation placement
• Ad-hoc pipeline scans and reviews to assess emerging trends
• Targeted reviews of the referring departments declined pipeline to insure referrals are escalated in compliance with corporate policies
• Fraud tool development and business control maintenance by loan program with considerations for the necessary actions and use by the various PennyMac Departments (BDL, PCG, Retail, Non-Delegated, etc.)
• Perform other red flag detection related duties as required and assigned
• Demonstrate behaviors which are aligned with the organization’s desired culture and values
Preferred Qualifications
Skills & Abilities Required:
• Minimum of 7 years’ experience as a Senior Underwriter or equally equivalent Mortgage Related Risk Assessment employment
• Degree in related field (business, risk management, etc.)
• Demonstrates expertise in credit risk management specifically as it related to the mortgage industry
• Strong familiarity with Fannie Mae, Freddie Mac, FHA, VA and USDA origination and servicing requirements
• Knowledge of applicable regulatory requirements related to Fraud, Identity Theft, and Anti-Money Laundering
• Skills to make decisions both timely and with sound and accurate judgment in the assessment loan transaction qualities and the parties associated to suspicious activities
• Computer skills: including use of Microsoft Office Suite, Encompass, Lending Space and all PennyMac applications (i.e. Flowscape, PennEdocs, etc.)
• Writing and communication skills (i.e. spelling, punctuation, etc.)