What are the responsibilities and job description for the Partial Release Specialist II position at PENNYMAC?
PENNYMAC
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.
A Typical Day
The Lien Resolution Specialist II is responsible for processing lien releases, subordinations, deed corrections, and partial releases timely and accurately to mitigate risk; and in accordance with investor’s guidelines, state, federal, and local regulations.
The Lien Resolution Specialist II Will
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:
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:
Salary
$40,000 - $60,000
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.
A Typical Day
The Lien Resolution Specialist II is responsible for processing lien releases, subordinations, deed corrections, and partial releases timely and accurately to mitigate risk; and in accordance with investor’s guidelines, state, federal, and local regulations.
The Lien Resolution Specialist II Will
- Process the collateral files and all recorded instruments as they are received from the custodian or outsourcing provider in an accurate and timely manner
- Track, monitor, and manage vendor’s pipeline of requests being processed that include out of compliance items, aged items, high priority states and escalated requests. Coordinates the review of the monthly scorecard with the vendor
- Review and analyze Partial Release, Deed Correction, and Subordination loan documents that were forwarded by the borrower or their authorized third party, to determine the same were drafted in accordance with the Investor’s guidelines
- Conduct a gain/loss analysis of property values, to ensure Investor’s guidelines are met and risk is minimized
- Draft and confirm accuracy of loan documents such as; Assignments, Partial Release Agreements, Deed modification documents, and Subordination Agreements
- 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
- 3 years mortgage experience; Lien and Partial Release knowledge required
- Must be highly proficient in Excel and Word, with a working knowledge of Microsoft Suite of products
- 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
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
Salary
$40,000 - $60,000
Work Model
OFFICE
Salary : $40,000 - $60,000