"Alerted.org

PENNYMAC

Pennymac (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.

Job Overview

The Senior Default Specialist is responsible for minimizing risk exposure by working in partnership with Foreclosure, Bankruptcy, and Loss Mitigation to effectively monitor FHA timeframes are compliant with insurer/internal guidelines and escalating to appropriate department resources to ensure loans are progressing through the process. The senior specialist will be responsible for assisting in the management of the daily workflow of the department. This individual will also hold the primary responsibility of training all new specialists, assisting with the supervision of department operations, and handling escalated matters, as assigned. This position may also be called upon to provide oversight/assistance in tracking departmental performance metrics. The senior specialist will work closely with team supervisor and manager to minimize risk exposure, by working in partnership with other departments and divisions of the company.

A Typical Day

The Senior Default Specialist will be responsible for training all new specialists, assisting with the supervision of department operations, and handling escalated matters, as assigned. As the Sr Default Specialist , you will provide oversight/assistance in tracking departmental performance metrics, which may include: vendor timeframes, bankruptcy notifications/set-ups, impediments, and bankruptcy closings.

The Senior Default Specialist will :

+ Act as the subject matter expert including assisting management with portfolio management

+ Training new hires and existing team members

+ Manage the timelines of all loans within an assigned portfolio, including performance, timelines of disposition, overall characteristics, status and general reporting to management.

+ Provide useful and timely feedback to the Manager about problem areas, departmental delays and areas of risk which may impact established goals.

+ Interface as needed with other departments, including Foreclosure, Foreclosure Review, Bankruptcy, Short Sale, Loan Modifications and Loss Mitigation to ensure loans are managed appropriately.

+ Accountable for performing all duties in accordance with company policies and procedures and state and federal laws.

+ Perform other related duties as required and assigned

+ Demonstrate behaviors which are aligned with the organization’s desired culture and values

What You’ll Bring

+ 5+ years default servicing experience

+ Broad servicing and default knowledge

+ Thorough knowledge of loan servicing, foreclosure, bankruptcy, modification, and loss mitigation rules/procedures, REO, legal and title

+ Strong aptitude for assessing, understanding and quantifying risk.

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

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

$45,000 - $66,000

Work Model

OFFICE