Mortgage Workout Negotiator

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 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.