VP, Loan Integrity Operations (Fraud Investigator)

Pennymac Saint Louis , MO 63150

Posted 2 months ago


The VP, Loan Integrity is responsible for managing fraud prevention and escalation activities in support of PennyMac's Mortgage Fulfillment and Servicing divisions. Interacts with government agencies to ensure adequate reporting of identified high risk parities and suspicious activity through SAR (Suspicious Activity Report) filing as required by the Financial Crimes Enforcement Network (FinCEN). Drives a culture of mortgage fraud awareness by proactively socializing identified trends with PennyMac's various loan channels in an effort to mitigate risk to the organization.

Job Description

  • Reconciles the Enhanced Integrity Review Report against PennyMac's active pipeline to ensure adequate due diligence is performed on loans containing red flags, including the placement of loan conditions to mitigate potential misrepresentation

  • Actively monitors SLAs on loans pending SAR submission to ensure compliance with mandated timelines

  • Compiles and aggregates fraud prevention results for reporting into the Anti-money Laundering (AML) Subcommittee

  • Coordinates and performs targeted reviews focusing on suspicious patterns identified through various Risk Analytic models

  • Reconciles FNMA Appraisal Quality, Freddie Mac Exclusionary, and FHFA Suspended Counterparty lists with PennyMac's High Risk Parties list

  • Monitors the PennyMac High Risk Parties list to ensure updates are made timely and that the loan channels and vendors are provided with current information to include parties added/removed from the list

  • Performs validation of overturned loans to ensure appropriate justification exists and is adequately documented

  • Develops and manages all Loan Integrity Operations and fraud prevention policies and procedures; coordinates with the various lines of business to ensure operational compliance with established fraud mitigation processes

  • Serves as a subject matter expert to both PennyMac's executive leadership team and divisional operations team members as needed

  • Manages the Loan Integrity Analyst role responsible for performing loan level forensic analysis on loans escalated for suspicious activity

  • Develops and presents fraud mitigation training to Sales and Mortgage Fulfillment employees in an effort to drive awareness of the various fraud schemes and trends within the industry; uses analytic data to quantify the resulting impact to the organization associated the origination and the purchase of loans containing misrepresentation

  • Minimal travel required between local offices and Corporate Headquarters to participate in critical meetings and engage with management

  • Performs other related duties as required and assigned

  • Demonstrates behaviors which are aligned with the organization's desired culture and values

Ideal Candidate will have the following:

  • Demonstrates expertise in Credit Risk Management specifically as it relates to the mortgage industry

  • Strong familiarity with Fannie Mae, Freddie Mac, FHA, VA and USDA origination and servicing requirements

  • Knowledge of applicable regulatory requirements relating to Fraud, Identity Theft and Anti-Money Laundering

  • Displays willingness to make decisions, exhibits sound and accurate judgment and makes timely decisions

  • Excellent communication skills with the ability to interact with internal and external stakeholders. Ability to exert influence on parties outside of immediate department

  • Task Management

  • Demonstrates ability to advance multiple priority assignments concurrently and within established deadlines
  • Teamwork
  • Competent at working in partnership with team members to deliver expected results
  • Advanced computer skills, including use of Microsoft Office suite

  • Ability to manage technically oriented employees

Years of Experience:



Bachelor's Degree

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VP, Loan Integrity Operations (Fraud Investigator)