Pennymac
Overview
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. Responsibilities
The Loan Resolution Negotiation Specialist will negotiate and formalize retention or liquidation workout solutions with defaulted borrowers, in an effort to avoid the completion of foreclosure and to mitigate loss to the borrower and the company. The Specialist will ensure activities are in compliance with federal, state and local regulations as well as in accord with PNMAC policies and procedures. Analyze financial statements, loan documentation and other relevant data to determine best workout solution Conduct gain/loss analysis on loans to project any potential future loss versus the acceptance of a short sale or deed in lieu Facilitate disposition efforts with borrowers, loan officers, attorneys, real estate agents, title companies and/or other third parties. Follow up as needed to ensure closure of approved deals Educate and counsel borrower on workout options and the implication of each option Obtain transaction approval by preparing complete package for management review Perform other duties as required and assigned Demonstrate behaviors which are aligned with the organization’s desired culture and values Qualifications
Experience with first and second mortgage liens and short sale/ liquidation preferred Real estate or sales experience preferred Ability to maintain a professional demeanor and attitude while speaking with customers or conversing via email Must be highly proficient in Excel and Word 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 To learn more about our benefits visit:
https://pennymacnews.page.link/benefits For residents with state required benefit information, additional information can be found at:
https://www.pennymac.com/additional-benefits-information Compensation
Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below: Lower in range - Building skills and experience in the role Mid-range - Experience and skills align with proficiency in the role Higher in range - Experience and skills add value above typical requirements of the role Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance. Salary
$40,000 - $60,000 Work Model
OFFICE
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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. Responsibilities
The Loan Resolution Negotiation Specialist will negotiate and formalize retention or liquidation workout solutions with defaulted borrowers, in an effort to avoid the completion of foreclosure and to mitigate loss to the borrower and the company. The Specialist will ensure activities are in compliance with federal, state and local regulations as well as in accord with PNMAC policies and procedures. Analyze financial statements, loan documentation and other relevant data to determine best workout solution Conduct gain/loss analysis on loans to project any potential future loss versus the acceptance of a short sale or deed in lieu Facilitate disposition efforts with borrowers, loan officers, attorneys, real estate agents, title companies and/or other third parties. Follow up as needed to ensure closure of approved deals Educate and counsel borrower on workout options and the implication of each option Obtain transaction approval by preparing complete package for management review Perform other duties as required and assigned Demonstrate behaviors which are aligned with the organization’s desired culture and values Qualifications
Experience with first and second mortgage liens and short sale/ liquidation preferred Real estate or sales experience preferred Ability to maintain a professional demeanor and attitude while speaking with customers or conversing via email Must be highly proficient in Excel and Word 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 To learn more about our benefits visit:
https://pennymacnews.page.link/benefits For residents with state required benefit information, additional information can be found at:
https://www.pennymac.com/additional-benefits-information Compensation
Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below: Lower in range - Building skills and experience in the role Mid-range - Experience and skills align with proficiency in the role Higher in range - Experience and skills add value above typical requirements of the role Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance. Salary
$40,000 - $60,000 Work Model
OFFICE
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