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 homeownership through the complete mortgage journey. A Typical Day The AVP of Servicing Credit Risk is responsible for developing, implementing, and overseeing credit risk policies and procedures that guide our Servicing practices and ensure compliance with investor, insurer, and regulatory guidelines. The ideal candidate will be a detail-oriented expert in mortgage servicing with a deep understanding of credit risk, regulatory requirements, and a passion for operational excellence. The AVP of Servicing Credit Risk will: Enhance and maintain servicing credit policies and procedures (P&P) to ensure alignment with investor/insurer guidelines and regulatory requirements Support Servicing Credit Risk Policy’s change management process Identify and address gaps in P&P, incorporating changes resulting from the Change Management process and process improvement initiatives Support the review of non-agency pooling and servicing agreements Enhance and maintain the scope and questionnaires for Servicing QC activities Design and maintain automated QC tests for the servicing function Conduct Servicing Credit Risk Management (CRM) Business Review Meetings (BRMs) Perform control evaluations of servicing functions Assist with exam responses, including gathering documents, providing P&P, and drafting narratives Participate in Requests for Information (RFIs) and Government Relations policy change advocacy What You’ll Bring Bachelor's degree in Finance, Business Administration, or a related field 5+ years of experience in mortgage servicing, credit risk management, or a related field, with a focus on policy and procedure development Extensive knowledge of mortgage servicing operations, including loan administration, default management, escrow management, and loss mitigation Strong understanding of investor/insurer requirements (e.g., Fannie Mae, Freddie Mac, Ginnie Mae) and relevant regulations Solid understanding of credit risk principles and their application to mortgage servicing Ability to identify and assess credit risks associated with various servicing activities Proven experience in developing and implementing credit policies and procedures Strong analytical and problem-solving skills Excellent written and verbal communication skills, with the ability to explain complex information clearly and concisely Proficiency in data analysis tools and techniques 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 We value the hard work and dedication of our employees. In addition to a competitive salary, positions may offer bonus opportunities. To learn more about our benefits visit: https://pennymacnews.page.link/benefits 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 $90,000 - $150,000 Work Model OFFICE