Foreclosure Specialist II

About the role

Pennymac 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. As a Foreclosure Specialist II, you will be responsible for managing various aspects of the foreclosure process, working with a high degree of autonomy and expertise.

Responsibilities

• Foreclosure Case Management: manage a caseload of foreclosure accounts, reviewing loan documentation, tracking critical deadlines, and ensuring compliance with company policies and investor guidelines
• Document Preparation: oversee the preparation and execution of essential legal documents, such as filings and deeds for judicial foreclosures, ensuring accuracy and compliance with all legal and regulatory requirements
• Stakeholder Communication: communicate and collaborate with external parties, including attorneys, property preservation vendors, and other service providers
• Compliance and Accuracy: ensure that all foreclosure actions are accurate, timely, and compliant with federal, state, and investor requirements
• Financial Calculations: manage the calculation of financial figures, such as judgment figures and bid amounts, and analyze financial data to determine the best course of action
• Process Management: identify opportunities for process improvements and contribute to the development of departmental policies and procedures
• Mentorship and Guidance: provide guidance and mentorship to Entry-Level Foreclosure Specialists, supporting their professional development and ensuring 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
• 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
• 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
• Strong leadership skills and a willingness to mentor junior staff

Benefits

• 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

Pay

Salary $45,000 - $66,000, with individual salary varying based on multiple factors including specific role, geographic location, and skills and experience.

Schedule

OFFICE work model