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PENNYMAC · 16 hours ago

Spec III, Foreclosure

Fort Worth, TX

Full-time

Onsite

Mid, Senior Level

$50K/yr - $75K/yr

4+ years exp

Pennymac is a specialty financial services firm focused on the mortgage market, and they are seeking a Foreclosure Specialist III. The role involves managing complex foreclosure cases, providing guidance to the team, and ensuring compliance with legal requirements while optimizing processes and leading strategic initiatives.

BankingFinanceFinancial ServicesLendingMortgage

Responsibilities

Manage a portfolio of the most complex foreclosure cases, including those involving litigation, contested matters, and high-risk scenarios. Develop and implement strategies for efficient and effective resolution while mitigating potential losses

Oversee the preparation and execution of all essential legal documents, ensuring the highest levels of accuracy, compliance, and legal soundness. Develop document strategies for complex or unique situations

Act as a primary liaison with external parties, including attorneys, property preservation vendors, and other service providers. Lead negotiations, resolve disputes, and foster strong, collaborative relationships

Ensure that all foreclosure actions adhere to federal, state, and investor requirements. Proactively identify and assess potential risks, and develop strategies to mitigate them. Serve as a subject matter expert on regulatory changes and industry best practices

Oversee the calculation of all financial figures, including complex loss calculations, judgment figures, and bid amounts. Analyze financial data to develop and recommend optimal strategies for maximizing recovery and minimizing losses

Identify opportunities for process improvements, develop and implement departmental policies and procedures, and drive initiatives to enhance efficiency, accuracy, and compliance

Provide leadership, guidance, and mentorship to Foreclosure Specialists I and II, fostering a high-performance team culture, promoting professional development, and ensuring team efficiency

Lead and participate in strategic projects and initiatives related to foreclosure processes, compliance, system enhancements, and organizational objectives

Qualification

Foreclosure Case ManagementDocument OversightCompliance MasteryFinancial StrategyAdvanced Software ProficiencyAnalytical SkillsLeadership SkillsCommunication SkillsProblem-Solving Skills

Required

A minimum of four years of experience as a Foreclosure Specialist or in five years a related field, with a proven track record of success in handling complex cases

Extensive and in-depth knowledge of federal, state, and investor requirements related to foreclosure, including a thorough understanding of legal procedures and regulatory changes

Demonstrated ability to manage highly complex foreclosure cases, resolve escalated issues, and develop effective strategies for mitigating risk and loss

Exceptional written and verbal communication skills, with the ability to interact effectively with internal and external stakeholders at all levels, including senior management and legal counsel

Strong analytical, problem-solving, and decision-making skills, with the ability to exercise sound judgment in complex and high-pressure situations

Exceptional attention to detail and a commitment to accuracy, with a focus on ensuring the highest levels of compliance and legal soundness

Advanced proficiency in relevant software and systems, including Microsoft Office Suite and specialized foreclosure management platforms

Proven ability to work independently, lead teams, and drive results

Strong leadership skills, including experience in mentoring and developing junior staff, fostering a collaborative team environment, and promoting professional growth