Matt Stearns Email & Phone Number

Scottsdale, Arizona, United States

Gilbert, Arizona, United States

• Manage the risk analytics, quality control, and IT enterprise risk management teams consisting of 33 associates• Lead development of an innovative proprietary cash flow model for PennyMac’s Credit Risk Transfer (CRT) securitizations, utilizing output from Ad&Co LoanKinetics model enterprise-wide• Oversee the development and maintenance of the company’s representations and warranty reserve models• Collaborate with HR leaders to hire top talent for the organization; participate in on-campus recruiting events at local universities to engage early career talent• Oversee the risk team to accomplish quality audits of divisional policies and procedures in IT, including the software development lifecycle (SDLC) and the project management lifecycle (PMLC), to ensure operational efficiency • Built and integrated an improved model for calculating anticipated “no-bid” losses on VA MSR acquisitions; increased the accuracy of depreciation assumptions for mortgage servicing rights • Modernized a manual process by developing the algorithm for calculating the first legal due date for FHA servicing portfolio; drove debenture claim curtailments from 40% to 0%• Cultivated and enhanced the customer experience by building a new tool to support loan officers for refinances; guided customers in the process by providing a more accurate value for homeowners

Westlake Village, California, United States

• Selected to lead the development and delivery of PennyMac’s new correspondent software platform, fulfilling upwards of $20B per month • Oversaw an onshore and offshore team of 150 employees to efficiently transition the long-term system’s data and development into a new platform within one year• Developed a customized event-driven software ecosystem utilizing the latest Amazon Web Services (AWS) technology, including Lambda, EventBridge, S3, and Dynamo• Managed the performance and execution of six cross-functional workstreams, including product design, development, QA, UAT, configuration, and production support• Engaged vendors to build product features, negotiated terms and delivery timelines based on business needs

• Provided integrated corporate finance for strategic services for up to six premier brands across a variety of sectors, including consumer products, beauty/cosmetic services, retail, and specialty apparel • Developed and deployed strategic plans and reporting analysis for driving growth and business development • Built and maintained the structures for user-friendly profit and loss, cash flow, balance sheet, break-even projections, and multi-year budgets to set a foundation for financial success across clients • Created and presented pitch decks to investors for clients seeking to raise capital

Moorpark, Ca

• Promoted from Senior Application Analyst V. (12/2011 – 03/2013)• Built a non-agency securitization platform and closed PennyMac’s inaugural $550M mortgage-backed security, PMT Loan Trust 2013-J1 • Closed over $1B in whole-loan and MSR trades; counterparties included Goldman Sachs, Barclays, JPMorgan Chase, Nationstar, Citi, CS, and BAML • Negotiated contracts in collaboration with counsel for NDAs, MLPSAs, MSRPSAs, and MBS Prospectus • Managed financing agreements with warehouse partners, conducted due diligence and oversaw closing logistics for all trades by the non-agency trade desk• Created solutions to ensure the mortgage pipeline management, pooling, delivery, and warehouse processes were operationally efficient and stable

• Analyzed and reported on repurchase exposures, MI claim denial exposure, and outbound repurchase requests• Provided analytical support and data for the strategy team focused on pipeline and full-and-final settlements