Foreclosure Specialist II

Pennymac • Carrollton, TX

13d • Onsite

About The Position

The Foreclosure Specialist II manages foreclosure accounts and related processes with a high degree of autonomy and expertise. The role requires a comprehensive understanding of legal and financial procedures to ensure accuracy and compliance with applicable regulations. The specialist handles complex cases and escalated issues, and mentors junior staff to support team-wide compliance and efficiency.

The position works with internal and external stakeholders, prepares and oversees legal documents, calculates financial figures, and contributes to process improvements, departmental policies, and special projects related to foreclosure, compliance, or system enhancements.

Requirements

• High school diploma or equivalent.
• At least two years of experience as a Foreclosure Specialist or two years in a related field.
• In-depth knowledge of federal, state, and investor requirements related to foreclosure.
• Proven ability to manage complex foreclosure cases and resolve escalated issues.
• Excellent written and verbal communication skills, including effective interaction with internal and external stakeholders.
• Strong analytical and problem-solving skills, exceptional attention to detail, and commitment to accuracy.
• Proficiency in relevant software and systems, including Microsoft Office Suite.
• Ability to work independently and as part of a team.
• Strong leadership skills and willingness to mentor junior staff.

Nice To Haves

• Bachelor's degree preferred.

Responsibilities

• Manage a caseload of foreclosure accounts, including reviewing loan documentation, tracking critical deadlines, and ensuring compliance with company policies and investor guidelines.
• Handle complex foreclosure cases and resolve escalated issues.
• Oversee preparation and execution of essential legal documents, including filings and deeds for judicial foreclosures.
• Communicate and collaborate with attorneys, property preservation vendors, and other service providers.
• Ensure foreclosure actions are accurate, timely, and compliant with federal, state, and investor requirements; support adherence to best practices and regulatory changes.
• Calculate financial figures, such as judgment figures and bid amounts, and analyze financial data to determine appropriate actions.
• Identify process improvement opportunities and contribute to departmental policies and procedures.
• Mentor and guide Entry-Level Foreclosure Specialists to support their professional development and team efficiency.
• Participate in and/or lead special projects related to foreclosure processes, compliance, or system enhancements.

Benefits

• Comprehensive medical, dental, and vision coverage.
• Paid time off programs, including vacation, holidays, illness, and parental leave.
• Wellness programs and employee recognition programs.
• Onsite gyms and cafe-style dining at select locations.
• Retirement benefits and life insurance.
• 401(k) match.
• Tuition reimbursement.
• Philanthropy programs, including matching gifts, volunteer grants, charitable grants, and corporate sponsorships.
• Competitive salary; some roles may offer performance-based compensation and/or stock-based incentives.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED