Collateral Management Specialist II

Pennymac • Carrollton, TX

1d • Onsite

About The Position

The Collateral Management Specialist II reviews collateral files for loans purchased by Pennymac, including notes, mortgages, related riders and addendums, assignments, and title insurance policies. The role ensures loan enforceability and the accuracy of Note data, and serves as a point of contact for assigned collateral procurement projects. The specialist reviews newly boarded purchased loans, resolves escalated reviews and exceptions, works with sellers and foreclosure attorneys to address collateral issues, places document orders with vendors, creates collateral documents, and helps maintain departmental policies and procedures.

Requirements

• At least 2 years of mortgage or finance industry experience.
• Familiarity with collateral document files, including notes, mortgages, related riders and addendums, assignments, and title insurance policies.
• Ability to be trained and to train others on various Collateral Management-related tasks.
• Working knowledge of Microsoft Office, including Excel, Word, PowerPoint, and Visio.

Nice To Haves

• Mortgage or finance experience in loan servicing.
• Experience in a fast-paced, customer-service-oriented operation.

Responsibilities

• Review collateral files for newly boarded purchased loans.
• Complete and resolve escalated collateral reviews and exception resolutions.
• Work with sellers to clear or cure 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, including Allonges and Endorsements.
• Participate in maintaining departmental policies and procedures.
• Perform other related duties as required and assigned.
• Demonstrate behaviors aligned with the organization’s desired culture and values.

Benefits

• Comprehensive medical, dental, and vision coverage.
• Paid time off programs, including vacation, holidays, illness, and parental leave.
• Wellness programs.
• Employee recognition programs.
• Onsite gyms and cafe-style dining at select locations.
• Retirement benefits.
• Life insurance.
• 401(k) match.
• 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