Foreclosure Specialist II

About the role

Pennymac is a specialty financial services firm focusing on U.S. mortgage loans and investments. As a Foreclosure Specialist II, you will manage foreclosure cases, document preparation, stakeholder communication, compliance, and process management.

Responsibilities

• Foreclosure Case Management: Manage a caseload of foreclosure accounts, review loan documentation, track deadlines, and ensure compliance with policies and investor guidelines.
• Document Preparation: Oversee the preparation and execution of legal documents like filings and deeds for judicial foreclosures, ensuring accuracy and compliance with legal and regulatory requirements.
• Stakeholder Communication: Communicate and collaborate with external parties including attorneys, property preservation vendors, and other service providers, requiring strong professional communication and negotiation skills.
• Compliance and Accuracy: Ensure foreclosure actions are accurate, timely, and compliant with federal, state, and investor requirements. Provide guidance on best practices and regulatory changes.
• Financial Calculations: Manage financial calculations such as judgment figures and bid amounts, analyze data to determine the best course of action.
• Process Management: Identify process improvements and contribute to developing departmental policies and procedures.
• Mentorship and Guidance: Provide guidance and mentorship to Entry-Level Foreclosure Specialists, supporting their professional development and enhancing team efficiency.
• Special Projects: Participate in and/or lead special projects related to foreclosure processes, compliance, or system enhancements.

Requirements

• A high school diploma or equivalent; Bachelor's degree preferred.
• Minimum of two years of experience as a Foreclosure Specialist or two years in a related field.
• In-depth knowledge of federal, state, and investor requirements related to foreclosure.
• Proven ability to manage complex foreclosure cases and resolve escalated issues.
• Excellent written and verbal communication skills, with the ability to interact effectively with internal and external stakeholders.
• Strong analytical and problem-solving skills, exceptional attention to detail, and a commitment to accuracy.
• Proficiency in relevant software and systems, including Microsoft Office Suite.
• Ability to work independently and as part of a team, with strong leadership skills and a willingness to mentor junior staff.

Qualifications

• High school diploma or equivalent.
• Bachelor's degree preferred.
• Two years of experience as a Foreclosure Specialist or related field.
• In-depth knowledge of federal, state, and investor requirements related to foreclosure.
• Proven ability to manage complex foreclosure cases and resolve escalated issues.
• Excellent written and verbal communication skills, with the ability to interact effectively with internal and external stakeholders.
• Strong analytical and problem-solving skills, exceptional attention to detail, and a commitment to accuracy.
• Proficiency in relevant software and systems, including Microsoft Office Suite.
• Ability to work independently and as part of a team, with strong leadership skills and a willingness to mentor junior staff.

Skills

• Foreclosure case management.
• Document preparation and execution.
• Stakeholder communication and collaboration.
• Compliance and accuracy.
• Financial calculations and analysis.
• Process management and improvement.
• Mentorship and guidance.
• Special project leadership and participation.

Benefits

• Comprehensive medical, dental, and vision coverage.
• Paid time off programs including vacation, holidays, illness, and parental leave.
• Wellness programs, employee recognition programs, and onsite amenities.
• Retail benefits, life insurance, 401(k) match, and tuition reimbursement.
• Philanthropy programs including matching gifts, volunteer grants, charitable grants, and corporate sponsorships.
• Competitive salary with potential for performance-based compensation and stock-based incentives.

Pay

$45,000 - $66,000

Schedule

OFFICE