Spec III, Foreclosure

Foreclosure Specialist III

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. 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 :

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 :

To learn more about our benefits visit : Pennymac Benefits

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

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