Overview Supervises the Correspondent Purchase Review Audit department include supervising a team of Purchase Review Auditors who review, analyze and evaluate documentation received from Correspondent customers for purchase and ensures document accuracy, compliance and credit quality of residential mortgage loans (conventional conforming, conventional high balance, FHA, VA and Jumbo). Supervisor will ensure the accurate and timely audit of residential mortgage loans. Continually identifies and facilitates implementation of improved policies, procedures, tools and systems changes to reduce audit cycle time, ensure zero errors/defects in auditing loans and deliver excellent customer service to external clients as well as internal departments. Ask us about our sign on bonus for this position! *Eligible for applicants from 4/1/2020 to 9/1/2020
Defines policies and procedures to cost-effectively assess the saleability and serviceability of the loan files using pre-determined Audit Checklists.
Monitors adherence to defined policies and procedures and implements any corrective actions to ensure ongoing adherence.
Interacts with external clients and document custodian to ensure timely delivery and review of the collateral documents so as to ascertain proper and timely transfer of collateral from Sellers to PennyMac.
Acts as Correspondent Channel's Liaison with company's servicing department in order to stay on top of their documents and data requirements so that purchased loans can be readily serviced by the servicing department.
Manage the policies, procedures and process to ensure smooth hand-off of outstanding document issues to the Post Closing department so that the Post-Closing department can efficiently manage the collection of the outstanding documents from company's external clients.