Property Preservation Associate III

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 Property Preservation Associate III is responsible for supporting in-depth loss analyses, vendor management, and property timeline optimization for escalated and high-risk loans within Property Preservation.

 

The Property Preservation Associate III will::

• Manage high-risk and complex loan portfolios, including post-sale FHA properties, 203K loans, and government-backed/conventional loans, to ensure preservation milestones and conveyance timeframes are met

• Lead vendor management efforts by evaluating, negotiating, and approving repair bids against investor/insurer requirements to minimize servicing advances and company loss exposure

• Conduct quality reviews of completed vendor repair work and photos to confirm compliance with budget approvals and workmanlike standards

• Evaluate daily reports, line-item insurance claims, and property inspections to identify damage root causes and establish corrective repair pathways

• Coordinate response workflows for consumer complaints, city code violations, receiverships, and demolition orders by performing research and escalating risk indicators to leadership

• Perform other related duties as required and assigned

• Demonstrate behaviors which are aligned with the organization’s desired culture and values

 

What You’ll Bring:

• This is a work from office position
• Ability to review photos of homes and property to determine condition and type of repairs required to place the home in conveyance condition by FHA, VA, USDA, FNMA and FHLMC guidelines
• Ability to meet and exceed goals in a fast-paced environment by utilizing daily reports to ensure compliance with established guidelines in Property Preservation
• Ability to review bids, photos, inspections on a daily basis to track status of ongoing vendor work on 200 plus loans in your work queue
• Candidate must be highly organized, highly ethical with a high attention to detail
• Proficient in Microsoft Office and G-Suite Workplace
• Strong attention to detail with the capacity to independently problem solve, when necessary
• Delivering timely and accurate information in a fast-paced environment
• Excellent critical thinking, problem solving, mathematical skills and sound judgment
• Mortgage Servicing industry, Construction or Insurance adjuster experience helpful but not required
• Strong business acumen and ability to interface with executive management

 

Why You Should Join:

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
• We value the hard work and dedication of our employees. In addition to a competitive salary, positions may offer bonus opportunities.

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: $40,000 - $60,000 Work Model: OFFICE