MFD Rotational Associate

Pennymac; Tampa, Carrollton, St. Louis (FL, TX, MO); On-site; USD 50,000 - 75,000; Full time

Benefits offered by this job

Comprehensive Medical, Dental, and Vis

Paid Time Off (PTO)

401k match

Tuition reimbursement

Philanthropy programs

Job summary

Pennymac is seeking an Associate, MFD Rotational to participate in a structured 24-month program across Consumer Direct and TPO channels. You will build hands-on technical capabilities in loan disclosures, title analysis, income evaluation, and closing documentation while developing a leadership pathway.

In this role you will collaborate with cross-functional teams to resolve bottlenecks, manage loan pipelines, ensure compliance, and learn the end-to-end mortgage process within Pennymac's

Qualifications

• Bachelor’s or Master’s degree required.
• Strong communication and interpersonal abilities.
• Ability to think critically and solve problems.
• Able to work independently and in teams.
• Eagerness to learn and adapt in a fast-changing environment.
• Proficient with Google Suite and MS Office.

Responsibilities

• Support 24-month rotation across MFD departments including Base File, Title, Conditions, Eligibility, MST, Closing, and Funding.
• Prepare and review loan disclosures and closing documents per RESPA, TILA, TRID.
• Analyze title abstracts, deeds, liens, UCCs, and AUS findings to resolve title issues.
• Evaluate borrower income documents against underwriting guidelines.
• Manage daily loan pipelines to ensure timeliness and respond to inquiries.
• Collaborate with cross-functional teams to resolve bottlenecks and maintain compliance.

Skills

Communication skills

Critical thinking

Independent work

Collaboration

Willingness to learn

Adaptability

Google Suite/MS Office

Education

Bachelor's or Master's degree

Job description

PENNYMAC

Pennymac is (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 Associate, MFD Rotational is responsible for supporting key operational areas within the Mortgage Fulfillment Division (MFD) during a comprehensive 24-month rotational program across Consumer Direct and TPO channels. This role builds hands-on technical capabilities across loan disclosures, title analysis, income evaluation, and closing documentation while establishing a high-potential leadership pathway. The Associate, MFD Rotational collaborates across cross-functional teams to resolve operational bottlenecks, process loan pipelines, and maintain compliance standards.

The Associate, MFD Rotational will:

• Complete a structured 24-month rotation across MFD operational departments, including Base File, Title, Conditions, Eligibility, MST, Closing, and Funding
• Prepare and review initial and final loan disclosures (RESPA, TILA, TRID), initial/final Closing Disclosures, flood certificates, appraisals, and insurance policies
• Analyze title abstracts, recorded deeds, liens, UCC filings, and AUS findings/product profiles to resolve property title issues and assess condo eligibility
• Evaluate borrower income documentation against underwriting guidelines to calculate qualifying income and progress toward income certification
• Manage daily pipeline loan queues to ensure timeliness, documentation validation, and prompt customer inquiry resolution
• 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

• Recent college graduate with a Bachelor's degree or Master’s degree
• Excellent communication and interpersonal abilities
• Ability to apply critical thinking
• Demonstrated ability to work independently and collaboratively
• Eagerness to learn, collaborate, and take on a variety of assignments
• Comfortable working within a fast-changing environment
• Moderate skills proficiency with Google Suite/ MS Office products

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
• We value the hard work and dedication of our employees. In addition to a competitive salary, positions may offer bonus opportunities.

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

$50,000 - $75,000

Work Model

OFFICE