Foreclosure Specialist II

About the Role

As a Foreclosure Specialist II, you will manage various aspects of the foreclosure process with a high degree of autonomy and expertise. You will leverage your comprehensive understanding of legal and financial procedures to ensure accuracy and adherence to all applicable regulations, while also mentoring and guiding junior staff.

Responsibilities

• Manage a caseload of foreclosure accounts, including reviewing loan documentation, tracking critical deadlines, and ensuring compliance with company policies and investor guidelines. Handle complex cases and resolve escalated issues.
• Oversee the preparation and execution of essential legal documents, such as filings and deeds for judicial foreclosures, ensuring accuracy and compliance with legal and regulatory requirements.
• Communicate and collaborate with external parties, including attorneys, property preservation vendors, and other service providers. Demonstrate professional communication and negotiation skills.
• Ensure all foreclosure actions are accurate, timely, and compliant with federal, state, and investor requirements. Serve as a resource for best practices and regulatory changes.
• Manage the calculation of financial figures, such as judgment figures and bid amounts, and analyze financial data to determine the best course of action.
• Identify opportunities for process improvements and contribute to the development of departmental policies and procedures.
• Provide guidance and mentorship to Entry-Level Foreclosure Specialists, supporting their professional development and ensuring team efficiency.
• Participate in and/or lead special projects related to foreclosure processes, compliance, or system enhancements.
• Perform other related duties as required and assigned.

Requirements

• A high school diploma or equivalent; Bachelor's degree preferred.
• A minimum of two years of experience in Foreclosure, Default, Loss Mitigation, or Collections.
• 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, with 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.

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 gyms and café-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.

Positions may also offer bonus opportunities. For more details, visit Pennymac Benefits.

Pay

Salary range: $45,000 - $66,000. Individual salary may vary based on role, geographic location, market data, skills, and experience. Some roles may be eligible for performance-based compensation and/or stock-based incentives.

Schedule

This is an office-based role.