Property Preservation Associate III

Pennymac • Carrollton, TX

2d • Onsite

About The Position

The Property Preservation Associate III is responsible for supporting in-depth loss analyses, vendor management, and property timeline optimization for escalated and high-risk loans within Property Preservation.
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.

Requirements

• Ability to review photos of homes and property to determine condition and type of repairs required to place the home in conveyance condition by FHA, VA, USDA, FNMA and FHLMC guidelines
• Ability to meet and exceed goals in a fast-paced environment by utilizing daily reports to ensure compliance with established guidelines in Property Preservation
• Ability to review bids, photos, inspections on a daily basis to track status of ongoing vendor work on 200 plus loans in your work queue
• Candidate must be highly organized, highly ethical with a high attention to detail
• Proficient in Microsoft Office and G-Suite Workplace
• Strong attention to detail with the capacity to independently problem solve, when necessary
• Delivering timely and accurate information in a fast-paced environment
• Excellent critical thinking, problem solving, mathematical skills and sound judgment
• Strong business acumen and ability to interface with executive management

Nice To Haves

• Mortgage Servicing industry, Construction or Insurance adjuster experience helpful but not required

Responsibilities

• Manage high-risk and complex loan portfolios, including post-sale FHA properties, 203K loans, and government-backed/conventional loans, to ensure preservation milestones and conveyance timeframes are met
• Lead vendor management efforts by evaluating, negotiating, and approving repair bids against investor/insurer requirements to minimize servicing advances and company loss exposure
• Conduct quality reviews of completed vendor repair work and photos to confirm compliance with budget approvals and workmanlike standards
• Evaluate daily reports, line-item insurance claims, and property inspections to identify damage root causes and establish corrective repair pathways
• Coordinate response workflows for consumer complaints, city code violations, receiverships, and demolition orders by performing research and escalating risk indicators to leadership
• 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
• bonus opportunities

What This Job Offers

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