Partial Release Specialist II
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 Lien Resolution Specialist II is responsible for processing lien releases, subordinations, deed corrections, and partial releases timely and accurately to mitigate risk; and in accordance with investor's guidelines, state, federal, and local regulations.
Requirements
- Bachelor's degree or equivalent work experience
- 3+ years mortgage experience; Lien and Partial Release knowledge required
- Must be highly proficient in Excel and Word, with a working knowledge of Microsoft Suite of products
Nice To Haves
- Financial Services and, if possible, mortgage industry experience preferred
Responsibilities
- Process the collateral files and all recorded instruments as they are received from the custodian or outsourcing provider in an accurate and timely manner
- Track, monitor, and manage vendor's pipeline of requests being processed that include out of compliance items, aged items, high priority states and escalated requests. Coordinates the review of the monthly scorecard with the vendor
- Review and analyze Partial Release, Deed Correction, and Subordination loan documents that were forwarded by the borrower or their authorized third party, to determine the same were drafted in accordance with the Investor's guidelines
- Conduct a gain/loss analysis of property values, to ensure Investor's guidelines are met and risk is minimized
- Draft and confirm accuracy of loan documents such as; Assignments, Partial Release Agreements, Deed modification documents, and Subordination Agreements
- 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
Mid Level
Industry
Credit Intermediation and Related Activities
Number of Employees
1,001-5,000 employees
