Job Description

Senior Enterprise Risk Management Underwriter

Join to apply for the Senior Enterprise Risk Management Underwriter role at PENNYMAC

Senior Enterprise Risk Management Underwriter

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PENNYMAC

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.

PENNYMAC

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.

A Typical Day

The Senior Underwriter will be responsible for underwriting primarily Non-QM loans (all types, icluding bank statement loans), in addition to GSE, Jumbo, and government loans as needed to established company and investor guidelines. As the Senior Underwriter , you must have the ability to clearly communicate underwriting deficiencies and QC findings to Business Controls and Underwriting groups.

The Senior Underwriter Will

• Review to ensure that loans meet all Pennymac underwriting guidelines for Non-QM loans
• Review to ensure that loans meet all GSE, HUD, VA and USDA requirements as well as Pennymac overlays
• Perform a risk based review on all loans based on expected performance and ability to repay, aside from GSE or HUD specific requirements
• 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

• 3+ years of experience at underwriting Non-QM loans, and borrowers with complex financial and income statements
• 5+ years of experience preparing cash flows on partnerships, s-corporations and corporations
• 5+ years of experience underwriting GSE, FHA, VA and USDA loans
• Experience working with automated loan origination systems
• Proficiency with automated underwriting systems
• Knowledge of mortgage lending laws and regulations
• Must be highly proficient in Excel and Word

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 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:

For residents with state required benefit information, additional information can be found at:

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

$65,000 - $100,000

Work Model

REMOTE

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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Job Tags

Full time, Contract work, Temporary work, Remote work, Flexible hours

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