Modification Processor
About The Position
Pennymac is (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 Modifications Processor will assist with entry level processing, completion and post modification tasks associated with mortgage loan modifications (FHA, Conventional, USDA, VA, Private). The Modifications Processor will: Utilize various systems, both internal and external to aid in the processing and closing of a loan modification Prepare files according to internal, investor, federal or state guidelines Check files for accuracy, including files that require special handling (bankruptcy, litigation, foreclosure) Ship various modification documents via FedEx or regular mail Receive, log, and verifying incoming correspondence Clear conditions and ready transactions for modification loan closing Ensure accurate closing and recording of loan modifications Escalate any issues that impact a loan modification transaction Perform other related duties as required and assigned Demonstrate behaviors which are aligned with the organization’s desired culture and values
Requirements
- High School Diploma / GED
- 3+ years of relevant work experience
- Knowledge of federal and state laws pertaining to the mortgage-banking industry
- Expertise in and experience providing value-added customer service in a fast-paced environment
- Experience using automated financial and/or loan tracking systems
- Must be highly proficient in Excel and Word
Responsibilities
- Assist with entry level processing, completion and post modification tasks associated with mortgage loan modifications (FHA, Conventional, USDA, VA, Private)
- Utilize various systems, both internal and external to aid in the processing and closing of a loan modification
- Prepare files according to internal, investor, federal or state guidelines
- Check files for accuracy, including files that require special handling (bankruptcy, litigation, foreclosure)
- Ship various modification documents via FedEx or regular mail
- Receive, log, and verifying incoming correspondence
- Clear conditions and ready transactions for modification loan closing
- Ensure accurate closing and recording of loan modifications
- Escalate any issues that impact a loan modification transaction
- 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
Education Level
High school or GED
