Job Description

Recruitment for PennyMac-

Overview:

Candidate performs multiple tasks related to mitigating losses related to fraud and repurchase claims. Position requires the candidate to communicate directly with investors and correspondent clients to obtain information to investigate and respond to repurchase claims. Candidate also performs investigative work on loans suspected of containing misrepresentation. Candidate will be required to develop reports on fraud investigations and draft rebuttals to repurchase claims.

Job Description:

• Utilizing company guidelines, research repurchase claims from investors to determine if the claim is valid and accurate
• Serve as the subject matter expert on external correspondence regarding the company’s position for repurchased loans
• Determine options and desired outcomes for repurchased loans based on facts and research findings
• Confer with management regarding the course of action on repurchased loans, then document decisions
• Develop procedures for a response strategy on repurchased loans
• Write rebuttal letters to Investors to refute cured and invalid claims
• Investigate cases of suspected fraud and draft reports on investigation results
• Support management in development and maintenance of a fraud program including establishing procedural documentation
• Assist the unit manager in enhancing, developing and implementing fraud prevention tools and fraud mitigation resources; ensuring they are current with industry standards
• Maintain tracking system with claim/fraud information and loan data, and maintain up-to-date loan review status
• Process all reported fraud investigations in accordance with established procedures and to a satisfactory closure
• Assist the unit manager in the administration of the Watch List Program
• Re-underwrite loans selected by Investors and Finance Partners to ensure loans meet guidelines
• Review loans with MI Rescission in order to determine if claim can be refuted
• Develop procedures for a response strategy on rescinded loans
• Write rebuttal letters to MI company to refute cured and invalid claims
• Investigate cases of suspected fraud and draft reports on investigation results
• Perform other related duties as required and assigned
• Demonstrate behaviors which are aligned with the organization’s desired culture and values

Ideal Candidate will have the following::

• Above average verbal and written communication skills with a demonstrated ability to succinctly write a business case for appropriate actions on repurchased loans
• In depth knowledge of Fannie Mae, Freddie Mac and FHA guidelines
• Self starter that is able to recognize and prioritize work load per deadlines
• Requires the ability to make sound judgment decisions
• Ability to work independently and assume responsibility with limited supervision
• 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
• Excellent critical thinking, problem solving, mathematical skills and sound judgment

Years of Experience: : 5 Education:: Bachelor's Degree

Company Description

Headquartered in Ventura County Ca with remote executive recruiters all over the United States , we’ve become one of the most successful, privately-owned recruitment and workforce management solutions firms. Whether you’re looking for your next career opportunity or the perfect candidate for a job, our recruiting experts are here to help. We specialize in placing professionals within the following industries: Tech-Healthcare- Construction- Engineering-Financial Services