Spec III, Foreclosure

PENNYMAC

Pennymac is (NYSE: PFSI) 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.

At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.

A Typical Day

As a Foreclosure Specialist III, you will be an expert in all facets of the foreclosure process, managing highly complex cases and providing guidance and mentorship to the team. You will be a key contributor to policy development, process improvement, and risk mitigation strategies.

The Foreclosure Specialist III will:

• Foreclosure Case Management: Manage a portfolio of the most complex foreclosure cases, including those involving litigation, contested matters, and high-risk scenarios. Develop and implement strategies for efficient and effective resolution while mitigating potential losses

• Document Oversight and Strategy: Oversee the preparation and execution of all essential legal documents, ensuring the highest levels of accuracy, compliance, and legal soundness. Develop document strategies for complex or unique situations

• Stakeholder Leadership and Collaboration: Act as a primary liaison with external parties, including attorneys, property preservation vendors, and other service providers. Lead negotiations, resolve disputes, and foster strong, collaborative relationships

• Compliance Mastery and Risk Management: Ensure that all foreclosure actions adhere to federal, state, and investor requirements. Proactively identify and assess potential risks, and develop strategies to mitigate them. Serve as a subject matter expert on regulatory changes and industry best practices

• Financial Strategy and Analysis: Oversee the calculation of all financial figures, including complex loss calculations, judgment figures, and bid amounts. Analyze financial data to develop and recommend optimal strategies for maximizing recovery and minimizing losses

• Process Innovation and Optimization: Identify opportunities for process improvements, develop and implement departmental policies and procedures, and drive initiatives to enhance efficiency, accuracy, and compliance

• Team Leadership and Development: Provide leadership, guidance, and mentorship to Foreclosure Specialists I and II, fostering a high-performance team culture, promoting professional development, and ensuring team efficiency

• Strategic Projects and Initiatives: Lead and participate in strategic projects and initiatives related to foreclosure processes, compliance, system enhancements, and organizational objectives

What You’ll Bring

• A minimum of four years of experience as a Foreclosure Specialist or in five years a related field, with a proven track record of success in handling complex cases

• Extensive and in-depth knowledge of federal, state, and investor requirements related to foreclosure, including a thorough understanding of legal procedures and regulatory changes

• Demonstrated ability to manage highly complex foreclosure cases, resolve escalated issues, and develop effective strategies for mitigating risk and loss

• Exceptional written and verbal communication skills, with the ability to interact effectively with internal and external stakeholders at all levels, including senior management and legal counsel

• Strong analytical, problem-solving, and decision-making skills, with the ability to exercise sound judgment in complex and high-pressure situations

• Exceptional attention to detail and a commitment to accuracy, with a focus on ensuring the highest levels of compliance and legal soundness

• Advanced proficiency in relevant software and systems, including Microsoft Office Suite and specialized foreclosure management platforms

• Proven ability to work independently, lead teams, and drive results

• Strong leadership skills, including experience in mentoring and developing junior staff, fostering a collaborative team environment, and promoting professional growth

Why You Should Join

As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do.

Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.

Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include:

• 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

• We value the hard work and dedication of our employees. In addition to a competitive salary, positions may offer bonus opportunities.

To learn more about our benefits visit:

https://pennymacnews.page.link/benefits

For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information

Compensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:

• Lower in range - Building skills and experience in the role

• Mid-range - Experience and skills align with proficiency in the role

• Higher in range - Experience and skills add value above typical requirements of the role

Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.

Salary

$50,000 - $75,000

Work Model

OFFICE