Foreclosure Specialist III

Apply for the Foreclosure Specialist III role at PENNYMAC
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PENNYMAC (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and an integrated business focused on producing and servicing U.S. mortgage loans and managing investments related to the U.S. mortgage market.

Penny Mac’s people are the foundation of our success and at the heart of our dynamic work culture. Together, we strive for a unified goal of helping millions of Americans achieve aspirations of home ownership through the complete mortgage journey.

As a Foreclosure Specialist III, you will be an expert in all facets of the foreclosure process, managing highly complex cases and guiding and mentoring the team. You will be a key contributor to policy development, process improvement, and risk mitigation strategies.

• Foreclosure Case Management:
  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.
• Document Oversight and Strategy:
  Oversee the preparation and execution of all essential legal documents, ensuring accuracy, compliance, and legal soundness. Develop document strategies for complex or unique situations.
• Stakeholder Leadership and
  
  Collaboration:
  
  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.
• Compliance Mastery and
  
  Risk Management:
  
  Ensure 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.
• Financial Strategy and Analysis:
  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.
• Process Innovation and Optimization:
  Identify opportunities for process improvements, develop and implement departmental policies and procedures, and drive initiatives to enhance efficiency, accuracy, and compliance.
• Team Leadership and Development:
  Provide leadership, guidance, and mentorship to Foreclosure Specialists I and II, fostering a high‑performance team culture, promoting professional development, and ensuring team efficiency.
• Strategic Projects and Initiatives:
  Lead and participate in strategic projects and initiatives related to foreclosure processes, compliance, system enhancements, and organizational objectives.

• A minimum of four years of experience as a Foreclosure Specialist or in five years in 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, with 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…