Loan Research Negotiation Specialist II

PENNYMAC; Virginia Colony (CA); On-site; USD 45,000 - 66,000; Full time

Benefits offered by this job

Comprehensive medical, dental, and视ion

Paid time off

Wellness programs

Retirement benefits

Philanthropy programs

Job summary

Pennymac is seeking a Loan Research Negotiation Specialist II to negotiate retention or liquidation workout solutions for defaulted borrowers, aiming to avoid foreclosure and minimize losses. You will ensure compliance with regulations and company policies while working with mortgage data and stakeholders.

Responsibilities include analyzing loan documents, projecting losses, preparing management packages, and resolving delinquent loans with careful oversight and risk assessment.

Qualifications

• Experience with first and second mortgage liens and short sale/liquidation 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.

Responsibilities

• Analyze financial statements, loan documentation and other relevant data to determine best workout solution.
• Conduct gain/loss analysis on loans to project potential future loss versus acceptance of a short sale or deed in lieu.
• Obtain transaction approval by preparing complete package for management review.
• Review delinquent mortgages on a daily basis to ensure proper resolution.
• Process applications needing more oversight or Investor involvement, especially those with more risk to Pennymac.
• Perform other duties as required and assigned.
• Demonstrate behaviors aligned with the organization’s culture and values.

Skills

Excel

Word

Mortgage liens

Short sale

Job description

PENNYMAC

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 Loan Research Negotiation Specialist II 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. As the Specialist, you will ensure activities are in compliance with federal, state and local regulations as well as in accord with PNMAC policies and procedures.

The Loan Research Negotiation Specialist II will:

• 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
• Obtain transaction approval by preparing complete package for management review
• Review delinquent mortgages on a daily basis to ensure proper resolution
• Process applications needing more oversight or Investor involvement, especially applications that may involve more risk to Pennymac
• Perform other duties as required and assigned
• Demonstrate behaviors which are aligned with the organization’s desired culture and values

What You’ll Bring

• Experience with first and second mortgage liens and short sale/ liquidation 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

Why You Should Join

As one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do.

Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.

Benefits That Bring It Home:

Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include:

• 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

$45,000 - $66,000

Work Model

OFFICE