Overview:
The Default Specialist is responsible for minimizing risk exposure by working in partnership with Foreclosure, Bankruptcy, and REO vendors, in addition to Title Resolution and Closing Attorney resources to administer foreclosure cases requiring higher levels of proficiency due to complexity (analytical, technical, and business knowledge components).
Job Description:
- Manage and report on financial and accounting aspects of assigned portfolio, including performance and profitability, timelines of disposition, overall characteristics, status and general reporting to senior management.
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Provide useful and timely feedback to the Manager about market conditions, problem areas, legislation and any conditions which may impact established goals.
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Interface and coordinate with other departments, including Home Retention, Capital Markets, REO, Bankruptcy, Appraisal, Accounting, Legal, and Collections.
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Manage title and vesting process, including collateral issues, and work with vendors and custodians as necessary.
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Provide support to local and outside to review and comment on court documents, assist in resolution of litigation matters and attorney inquiries, and consult with counsel on escalated borrower issues received by default management.
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Coordinate and attend deposition, mediation, and trial date appearances with counsel and senior department personnel.
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Accountable for performing all duties in accordance with company policies and procedures and state and federal laws.
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Perform other related duties as required and assigned
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Demonstrate behaviors which are aligned with the organization’s desired culture and values
Qualifications:
- Thorough knowledge of loan servicing, foreclosure, bankruptcy, REO, legal and title.
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Strong time-management skills, including the ability to effectively prioritize work assignments.
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Detail oriented and self-motivated.
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Strong aptitude for assessing, understanding and quantifying risk.
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Must be highly proficient in Excel and Word
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Must be a team player with strong attention to detail and able to work independently
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Proven track record at delivering timely and accurate information in a fast-paced environment
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Excellent critical thinking, problem solving, mathematical skills and sound judgment
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Financial Services and, if possible, mortgage industry experience preferred
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Strong business acumen and ability to interface with executive management
Years of Experience: 3 Education: High School Diploma/GED Wage & Benefit:
The Job Pay Range for this role considers the wide range of factors in making compensation decisions, including but not limited to skill set; experience and training; licensure and certification; geographic location; and other business and organizational needs. Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.
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.
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Medical, Dental, and Vision - Pennymac works hard to keep premiums affordable to keep costs low for our employees.
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Whether it's vacation, holidays, illness, or growing your family, Pennymac provides time off programs for when life happens.
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We know your health is important. Pennymac offers wellness programs and has in-house gyms in many of our locations.
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Our dedicated internal Career Desk promotes growth within the organization, and our Tuition Reimbursement Program helps you to achieve your goals.
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We support your long-term financial wellness with a competitive 401k match and retirement benefits.
To learn more about the benefits that bring it home: Visit us at https://www.pennymac.com/careers/why-pennymac#benefits.
Salary: $34,500 - $57,500