SVP, Corporate Associate General Counsel

About the Role

Pennymac (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform focused on the production and servicing of U.S. mortgage loans and the management of related investments. We are seeking a high-caliber transactional legal professional with a passion for Capital Markets and Secondary Marketing for the role of Senior Vice President, Corporate Associate General Counsel.

This strategic role is ideal for a detail-oriented expert with at least 5 years of relevant experience. The selected candidate will interface with senior management and drive high-impact transactional work in a collaborative environment.

Responsibilities

• Review, negotiate, and draft Mortgage Loan Purchase and Sale Agreements, Mortgage Loan Servicing Rights (MSR) Acquisition and Sale Agreements, Mortgage Loan Repurchase Agreements, Mortgage Loan Servicing Agreements, and Confidentiality Agreements.
• Provide legal counsel on transaction structuring, asset transfer requirements, and risk allocation for MSR and whole loan sales.
• Offer strategic legal counsel on consumer mortgage compliance and asset eligibility, ensuring alignment with Qualified Mortgage (QM) requirements, Ability-to-Repay (ATR) rules, CFPB regulations, and Agency requirements (FNMA, FHLMC, and GNMA).
• Structure, draft, and negotiate ISDAs, MSFTAs, and Securities Repurchase Agreements.
• Review and update derivatives trading policies to ensure compliance with Dodd-Frank, ISDA protocols, and rules governing Commodity Pool Operators (CPOs) and Commodity Trading Advisors (CTAs).
• Review, negotiate, and draft company and third-party mortgage loan securitization documents, including Pooling and Servicing Agreements (PSAs), Custodial Agreements, Indentures, Trust Agreements, Escrow Agreements, In-House Legal Opinions, and Indemnification Agreements.
• Review and negotiate offering documents, including Private Placement Memorandums (PPMs), Offering Circulars, Prospectuses, and Term Sheets.
• Oversee the legal aspects of the securitization due diligence process, including managing Third-Party Review (TPR) firm engagements and reviewing and negotiating Due Diligence Questionnaires (DDQs) and related agreements.
• Draft, review, and revise Originator and Servicer Disclosures in connection with company securitizations and third-party securitizations, ensuring adherence to disclosure and reporting requirements of Regulation AB and Federal Securities Laws.
• Manage and ensure compliance with securitization regulatory frameworks, including US credit risk retention requirements, SEC Rule ABS-15G reporting, and other applicable Federal Securities Laws.
• Perform other related duties as required and assigned.
• Demonstrate behaviors aligned with the organization’s desired culture and values.

Requirements

• Post-graduate degree.
• 5+ years of relevant work experience.
• Significant experience in secondary market and capital markets transactions, including bulk whole loan sale transactions, third-party mortgage securitization transactions, and related regulatory and compliance requirements.
• Knowledge of mortgage loan origination, compliance, underwriting, servicing, and subservicing is a plus.
• Licensed to practice law in CA or TX.
• Highly proficient in Microsoft Word.
• Strong attention to detail, excellent critical thinking skills, sound judgment, and the capacity to handle multiple projects effectively.
• Strong business acumen and ability to interface with senior and executive management.

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.

Pay

Salary range: $175,000 - $305,000. 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 awarded based on company and individual performance.

Schedule

This role follows an office work model.