Core Non-Default Specialist III

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.

The Core Non-Default Specialist will assist the department supervisor with oversight of the department’s processes and special projects, perform QA/QC, research complex issues, assist with escalations and audits, ensure procedures and policies are current, provide assistance and training to co-workers, as well as stepping in when the supervisor is unavailable.

The Special Loans department is responsible for the servicing of a variety of special loan products such as Adjustable Rate Mortgages (ARM), Buydown, and Home Equity Line of Credit (HELOC). In addition, the team processes master file updates to critical fields in the System of Record at the direction of other business units, including updating modification terms in the system when a modification is complete to ensure that the loan is serviced according to the modification terms.

The Core Non-Default Specialist will:

• Implement processes that assist with the increase of quality and production metrics
• Maintain daily and monthly production reports to present to management
• Process job functions in accordance with established (Service Level Agreement) SLA
• Assist with creation of policies and procedures and P-Tree charts
• Research consumer accounts and the mortgage servicing platform to ensure accurate and timely data is updated on each account
• Perform other related duties as required and assigned
• Demonstrate behaviors which are aligned with the organization’s desired culture and values

• Bachelor’s degree or equivalent work experience
• Knowledge of special mortgage products preferred (Adjustable Rate Mortgages, Buydowns, Step Rates, Balloons, HELOC)
• 5 years of relevant work experience
• Proficient in Microsoft Office (Excel, Word, PowerPoint)
• Must have strong business mathematical skills
• Financial Services and, if possible, mortgage industry experience preferred

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