Collateral Management Specialist I
About The Position
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. A Typical Day The Collateral Management Specialist is responsible for the review of the collateral files (i.e. note, mortgage, related riders and addendums, assignments, title insurance policy, etc.) for loans purchased by Pennymac, to ensure the enforceability of the loans and accuracy of the Note data.
Requirements
- 1+ years of mortgage or finance industry experience, preferably in loan servicing and in a high paced, customer service oriented operation
- Familiarity with the collateral documents files (i.e. note, mortgage, related riders and addendums, assignments, title insurance policy, etc.)
- Demonstrated ability to make decisions within set policies/procedures
- Ability to be trained and train on various Collateral Management related tasks
- Working knowledge of Microsoft Office (Excel, Word, PowerPoint, Visio)
Responsibilities
- Manage the collateral review process of newly boarded purchased loans
- Assist in the clearing or curing of collateral issues and release of collateral
- Coordinate the delivery of collateral documents to investors and custodians
- Place collateral document orders with vendors
- Create collateral documents (i.e. Allonges, Endorsements, etc.)
- Perform other related duties as required and assigned
- Demonstrate behaviors which are aligned with the organization's desired culture and values
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
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Industry
Credit Intermediation and Related Activities
Education Level
No Education Listed
Number of Employees
1,001-5,000 employees
