What are the responsibilities and job description for the Defense Litigation Specialist II position at Pennymac?
PENNYMAC:
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:
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:
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:
Some roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.
Salary: $55,000 - $85,000 Work Model: OFFICE
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 Defense Litigation Specialist II will manage, monitor, and track non-routine litigation matters, including defense litigation, escalated servicing litigation, contested foreclosures, adversary bankruptcy proceedings, high risk title matters, and pre-litigation customer disputes with settlement demands. In this role, you will perform deep factual research, evaluate risks, and compile necessary documentation to support the Legal department's initiatives.
Key responsibilities include:
- Case Management: Manage, monitor, and track a caseload of litigated files, ensuring all file statuses, legal updates, and risk assessments are meticulously documented and issues are escalated to impacted business lines as needed.
- Discovery & Counsel Support: Retrieve, organize, and provide loan-level data and documentation to both in-house and outside counsel to support defense litigation efforts.
- Research & Evaluation: Perform factual research on loan documentation, evaluate findings from attorneys or business partners, utilize servicing system data to proactively assess litigation risk, and escalate potential servicing risks.
- Corporate Representation: Potentially travel and attend legal proceedings—including mediations and settlement conferences—to deliver the company's position and represent corporate interests.
- Education: Bachelor's degree and/or Paralegal Certificate preferred or an Associate’s degree with equivalent work experience.
- Industry Experience: Financial Services and/or mortgage industry experience is preferred.
- Legal Knowledge: Strong knowledge of the legal process, procedural law, and the ability to review, analyze, and decipher complex legal allegations and mortgage-related documents.
- Technical Skills: Proficiency with Google Sheets, Docs and Slides, Microsoft Windows, Word, Excel, and PowerPoint.
- Systems Expertise: Proficiency with mortgage servicing systems or platforms.
- Communication Skills: Professional, organizational, written, and verbal communication skills, with the ability to present complex material to all levels of management.
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: $55,000 - $85,000 Work Model: OFFICE
Salary : $55,000 - $85,000