Collateral Management Specialist II

Pennymac • Moorpark, CA

9d • Onsite

About The Position

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. As the Collateral Management Specialist, you will serve as a point of contact on assigned projects relating to collateral procurement.

Requirements

• 2+ years of mortgage or finance industry experience, preferably in loan servicing and in a high paced, customer service oriented operation
• Familiar with the collateral documents files (i.e. note, mortgage, related riders and addendums, assignments, title insurance policy, etc.)
• Ability to be trained and train on various Collateral Management related tasks
• Working knowledge of Microsoft Office (Excel, Word, PowerPoint, Visio)

Responsibilities

• Be responsible for the collateral review process of newly boarded purchased loans
• Complete and resolve escalated collateral reviews and exception resolutions
• Assist in working with sellers on clearing or curing of collateral issues on purchased loans
• Report collateral exceptions to sellers and internal departments
• Work with Foreclosure Attorneys to obtain active Bailee letters
• Place collateral document orders with vendors
• Create collateral documents (i.e. Allonges, Endorsements, etc.)
• Actively participate in the maintenance of departmental policies and procedures
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed