Senior Mortgage Collateral Specialist

Private National Mortgage Acceptance Company, LLC; Virginia Colony (CA); On-site; USD 40,000 - 60,000; Full time

Benefits offered by this job

Medical, dental, vision benefits

Paid time off

Wellness programs

Retirement plan with match

Tuition reimbursement

Philanthropy programs

Job summary

Pennymac is seeking a Collateral Management Specialist to review collateral files for loans purchased and ensure enforceability and accurate Note data. You will serve as a project contact on collateral procurement matters.

Responsibilities include processing newly boarded loans, resolving escalations, working with sellers to clear issues, and reporting exceptions to internal teams. Office-based role with competitive benefits.

Qualifications

• 2+ years of mortgage/finance industry experience, preferably in loan servicing.
• Familiar with collateral documents (note, mortgage, riders, assignments, title policy).
• Willing to be trained and train others on Collateral Management tasks.
• Working knowledge of Microsoft Office (Excel, Word, PowerPoint, Visio).

Responsibilities

• Be responsible for the collateral review process of newly boarded purchased loans.
• Complete and resolve escalated collateral reviews and exception resolutions.
• Assist in working with sellers on clearing or curing collateral issues on purchased loans.
• Report collateral exceptions to sellers and internal departments.
• Work with Foreclosure Attorneys to obtain active Bailee letters.
• Place collateral document orders with vendors.
• Create collateral documents (i.e. Allonges, Endorsements, etc.).
• Actively participate in the maintenance of departmental policies and procedures.
• Perform other related duties as required and assigned.
• Demonstrate behaviors aligned with the organization’s values.

Skills

Mortgage industry experience

Collateral documents familiarity

Training capability

MS Office proficiency

Tools

Microsoft Office

Job description

Pennymac is seeking a Collateral Management Specialist to review collateral files for loans purchased and ensure enforceability and accurate Note data. You will serve as a project contact on collateral procurement matters.

Responsibilities include processing newly boarded loans, resolving escalations, working with sellers to clear issues, and reporting exceptions to internal teams. Office-based role with competitive benefits.