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Quality Assumptions Processor
Quality Assumptions Processor-March 2024
Plano
Mar 28, 2026
About Quality Assumptions Processor

  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.

  A Typical Day

  The Qualified Assumption Processor will work with applicants who wish to assume the mortgage terms and payment of qualified mortgage loans.

  The Qualified Assumption Processor will:

  Discuss qualified assumption process, requirements and steps with applicants (When applicable)

  Analyze and evaluate documentation received from customers

  Input any required information into the underwriting module accurately and within established time frames

  Submit completed application and documents to operations/underwriter

  Follow the standard purchase operational flow through underwriting and submission to the closing dept

  Perform other related duties as required and assigned

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

  What You’ll Bring

  Solid knowledge of mortgage underwriting conditions and of basic automated underwriting systems

  Extensive knowledge of conventional conforming & high balance, FHA, VA guidelines

  UST Certified strongly preferred

  Knowledge of state and federal agency mortgage loan guidelines and regulations helpful

  Must be highly proficient in Excel and Word

  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

  $45,000 - $66,000

  Work Model

  HYBRID

  Need help finding the right job?

  We can recommend jobs specifically for you!

  California applicants, please click here to view our Privacy Policy andclick here (https://pennymac.icims.com/icims2/servlet/icims2?module=AppInert&action=download&id=282306&hashed=1906047654) to view our Privacy Notice.

  Requisition ID 23-29154

  Location US-TX-Plano

  Position Type Regular

  Category Mortgage Operations

  Education None

  Years of Experience 3

  salary $45,000 - $66,000

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