Assistant Vice President, Fair Lending Compliance

PENNYMAC

Pennymac is (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 home ownership through the complete mortgage journey.

The Assistant Vice President (AVP) of Fair Lending Compliance is a critical role responsible for ensuring the organization's adherence to fair lending state and federal laws and regulations. This role involves proactively identifying and mitigating potential fair lending/servicing/marketing risks, conducting comparative file reviews, evaluations of business controls, enhancing fair lending monitoring systems, investigating potential violations, proposing viable solutions, and staying informed about regulatory changes and industry best practices.

The Assistant Vice President of Fair Lending Compliance will:

• Collaborate with other departments, such as:
  Marketing, Sales, Operations, Customer Service, and Legal to ensure fair lending compliance is embedded in all aspects of the business
• Escalate and report identified fair lending risk and/or violations through comparative file reviews to senior management and relevant committees
• Continuously improve monitoring systems, such as fair lending analytics and regression models, to identify and address fair lending risks
• Investigate and analyze possible fair lending violations, such as consumer complaint allegations, and collaborate to develop effective solutions to address them
• Conduct periodic risk assessments to identify potential fair lending risks
• Implement measures to prevent and mitigate future fair lending risks, ensuring compliance
• Stay updated on regulatory changes, including state and federal fair lending regulations, and industry best practices
• Uphold the organization's culture and values through actions and behaviors
• Perform other related duties as assigned, needed, or required

• Minimum 5-7 years of experience in financial services, including mortgage lending and servicing
• Extensive knowledge of federal and state regulations related to fair lending laws, including but not limited to: ECOA, FHA, HMDA, and UDAAP
• Strong analytical and risk assessment skills
• Exceptional communication and interpersonal skills
• Ability to work independently and collaboratively
• Proficiency in Microsoft Office and Google Workspace, Encompass, including relational databases (SQL, Snowflake)
• Strong business acumen and ability to interact effectively with executive management
• Exceptional attention to detail and accuracy in reviewing application loan files, call recordings, data trends & inconsistencies
• Ability to work under pressure and manage multiple projects simultaneously

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.

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 sponsor ships

To learn more about our benefits visit: (Use the "Apply for this Job" box below)./benefits

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

• 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.

$75,000 - $130,000

OFFICE