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PennyMac Analyst, Loan Integrity Operations (Mortgage Fraud Analyst) in St. Louis, Missouri


Upholds the Fraud Prevention Framework through adherence to published policies, procedures, and agency/regulatory guidelines. Responsible for performing forensic loan level analysis on escalations of suspicious activity and potential misrepresentation to Loan Integrity Operations. Utilizes strong underwriting experience to identify suspicious patterns that could compromise the integrity of the loan transaction, including validation of loan attributes and file documentation.

Job Description

  • Conducts forensic review of loans escalated from the Mortgage Fulfillment and Credit Risk Management divisions resulting from suspicious activity

  • Prepares summary of findings including identification of participants, timelines, suspicious patterns, and other relevant detail associated with identified red flags

  • Provides findings/recommendations to the VP, Loan Integrity Operations in support of:

  • Suspicious Activity Reporting (SAR)

  • Recommendations to PennyMac’s High Risk Parties List

  • Reporting into Anti-Money Laundering Subcommittee

  • Training for Mortgage Fulfillment and Sales staff

  • Serves as a resource for Mortgage Fulfillment staff in matters related to the processing of high risk loans

  • Supports the reconciliation and maintenance of reporting related to Enhanced Integrity Review alerts to ensure appropriate and timely placement of loan conditions

  • Supports the development of 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

  • Supports the development of fraud mitigation training for 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

  • Performs ad-hoc pipeline scans and reviews to assess emerging trends

  • Performs targeted reviews of the referring departments declined pipeline to insure referrals are escalated in compliance published polies and procedures

  • Perform other red flag detection related duties as appropriate

  • Demonstrate behaviors which are aligned with the organization’s desired culture and values

Ideal Candidate will have the following:

  • Minimum of 7 years’ experience in Mortgage with 5 years as a Senior Underwriter or Mortgage Fraud Analyst

  • Demonstrates expertise in credit risk management specifically as it related to the mortgage industry

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

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

  • Skills to make decisions both timely and with sound and accurate judgment in the assessment loan transaction qualities and the parties associated to suspicious activities

  • Advanced computer skills including, Microsoft Office and 3rdParty investigative tools/resources

  • Excellent written and verbal communication skills

Years of Experience:



Bachelor's Degree

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Requisition ID 20-15692

Location US-MO-St. Louis

Position Type Regular

Category Risk/Compliance/Audit

Education Bachelor's Degree

Years of Experience 7