PENNYMAC 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. Job Overview Job Summary We are seeking an experienced and driven Vice President to lead our Non-QM Underwriting team. The ideal candidate possesses expert-level knowledge of Non-QM lending guidelines, a proven track record of success in managing high-performing teams, and a strong commitment to quality and compliance. This role is responsible for overseeing all aspects of Non-QM underwriting, ensuring efficient operations, and maintaining exceptional loan quality. A Typical Day Key Responsibilities + Leadership & Strategy: + Provide strategic direction and leadership to the Non-QM underwriting team. + Develop, implement, and refine underwriting policies, procedures, and guidelines in accordance with industry best practices and regulatory requirements. + Monitor market trends and competitor activities to identify opportunities for growth and improvement within the Non-QM lending space. + Foster a culture of collaboration, accountability, and continuous improvement within the team. + Underwriting Operations: + Oversee the daily operations of the Non-QM underwriting team, ensuring timely and accurate loan decisions. + Manage workflow and resource allocation to optimize efficiency and productivity. + Review and analyze complex loan applications, including income documentation, asset verification, and credit reports. + Render sound underwriting decisions based on established guidelines and risk tolerance. + Maintain a strong understanding of all applicable federal and state regulations. + Risk Management & Compliance: + Develop and implement risk mitigation strategies to minimize losses and ensure loan quality. + Monitor key performance indicators (KPIs) and identify areas for improvement. + Conduct regular audits to ensure compliance with all applicable laws and regulations. + Stay abreast of industry changes and regulatory updates. + Team Development: + Recruit, hire, and train new underwriting staff. + Provide ongoing coaching, mentoring, and professional development opportunities to team members. + Conduct performance evaluations and provide constructive feedback. What You’ll Bring + Bachelor's degree in Finance, Business Administration, or a related field. + 10+ years of experience in mortgage underwriting, with a minimum of 5 years in a leadership role focused on Non-QM products. + Comprehensive knowledge of Non-QM underwriting guidelines, including investor requirements and regulatory standards. + Strong analytical, decision-making, and problem-solving skills. + Excellent communication, interpersonal, and leadership skills. + DE/SAR designation preferred. 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 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 $75,000 - $130,000 Work Model OFFICE