Modification Processor

Pennymac Modifications Processor

Pennymac 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 Modifications Processor will assist with entry level processing, completion and post modification tasks associated with mortgage loan modifications (FHA, Conventional, USDA, VA, Private). The Modifications Processor will:

• Utilize various systems, both internal and external to aid in the processing and closing of a loan modification
• Prepare files according to internal, investor, federal or state guidelines
• Check files for accuracy, including files that require special handling (bankruptcy, litigation, foreclosure)
• Ship various modification documents via FedEx or regular mail
• Receive, log, and verifying incoming correspondence
• Clear conditions and ready transactions for modification loan closing
• Ensure accurate closing and recording of loan modifications
• Escalate any issues that impact a loan modification transaction
• 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

High School Diploma / GED

3+ years of relevant work experience

Knowledge of federal and state laws pertaining to the mortgage-banking industry

Expertise in and experience providing value-added customer service in a fast-paced environment

Experience using automated financial and/or loan tracking systems

Must be highly proficient in Excel and Word

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

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 $39,000 - $55,000 Work Model OFFICE