Loan Resolution Operations Specialist II

Pennymac; Moorpark (CA); On-site; USD 45,000 - 66,000; Full time

Benefits offered by this job

Comprehensive Medical, Dental, and Vis

Paid Time Off Programs

Wellness Programs and onsite gyms

401k match and tuition reimbursement

Philanthropy Programs and charitable|

Job summary

Pennymac in Moorpark, CA is seeking a Loan Resolution Specialist to process liquidation workout solutions with defaulted borrowers to avoid foreclosure and mitigate loss for the company. You will analyze financial statements and loan documents to determine the appropriate workout path and provide feedback for accuracy.

Ideal candidates have a High School Diploma or GED, 3+ years of relevant experience, and strong Excel/Word skills. Knowledge of mortgage liens and short sales is preferred.

Qualifications

• High School Diploma or GED is required.
• 3+ years of relevant work experience in loan resolution or similar.
• Experience with first and second mortgage liens and short sale/liquidation preferred.

Responsibilities

• Complete research on prior workout reviews to determine eligibility for Short Sale or Deed in Lieu.
• Analyze financial statements, loan documentation and data to determine the correct workout solution.
• Provide feedback on submitted documents to ensure accuracy for the file.
• Conduct gain/loss analysis on loans to project potential future loss versus available options.
• Review and resubmit corrected submissions to the negotiator as needed.
• Perform related duties in line with company culture and values.

Skills

Excel

Word

Education

High School Diploma / GED

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 Resolution Specialist will process 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 Resolution Specialist will:

• Complete research on prior workout reviews to ensure the loan is eligible for Short Sale/ Deed in Lieu
• Analyze financial statements, loan documentation and other relevant data submitted to determine the accurate workout solution
• Provide details of failed submissions back to negotiator to correct and resubmit
• Review and provide feedback on submitted documents to ensure accurate and appropriate for the file
• Conduct gain/loss analysis on loans to project any potential future loss vs the acceptance of a short sale, deed in lieu, or cash for keys
• Perform other related duties as required and assigned
• Demonstrate behaviors which are aligned with the organization's desired culture and values

What You'll Bring

• High School Diploma / GED
• 3+ years of relevant work experience
• Experience with first and second mortgage liens and short sale/ liquidation preferred
• 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