Loan Reconciliation Analyst II

Loan Reconciliation Analyst

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.

The Loan Reconciliation Analyst will perform comprehensive loan file reviews once all expected proceeds and settlements have been received. As the Reconciliation Analyst, you will utilize in-depth knowledge of all required investor, insurer, and internal guidelines, ensuring all were met in a timely manner, and that the claim payment made by the investor and insurer was appropriate based on what Pennymac was entitled to receive. The Loan Reconciliation Analyst will:

• Review completed loan files to validate that all required investor, insurer, and/or Pennymac guidelines were met in a timely manner
• Reconcile financial transactions to ensure maximum recovery
• Conduct a complete accounting of loan losses including attribution to loss cause/reason and LOB if applicable
• Identify and process supplemental claims with the insured or vendors, when warranted
• Identify and process reimbursements when it has been determined that PNMAC received excess funds
• Consult with various business units to identify risk or exposure to losses and develop procedural recommendations
• 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:

• Bachelor's degree or equivalent work experience
• 3+ years of mortgage industry experience
• Must be experienced in Microsoft Office Suite and highly proficient in Excel
• Default Servicing experience a plus, not required

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

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 $45,000 - $66,000 Work Model OFFICE