Pennymac
Pennymac has the mindset and agility of a startup, with the power and backing of a large public company.
Los Angeles, CA

Collateral Mgmt, Analyst I at Pennymac

| Los Angeles, CA
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Overview
The Collateral Management Analyst I is responsible for the review of the collateral files (i.e. note, mortgage, related riders and addendums, assignments, title insurance policy, etc.) for loans purchased by PennyMac, to ensure the enforceability of the loans and accuracy of the Note data.
Job Description
  • Responsible for the collateral review process of newly boarded purchased loans
  • Assists in the clearing or curing of collateral issues
  • Assists in the release of collateral
  • Coordinates the delivery of collateral documents to investors
  • Coordinates the delivery of collateral documents to custodians
  • Responsible for placing collateral document orders with vendors
  • Creates collateral documents (i.e. Allonges, Endorsements, etc.)
  • Actively participates in the maintenance of departmental policies and procedures
  • Performs other related duties as required and assigned
  • Demonstrates behaviors which are aligned with the organization's desired culture and values
Ideal Candidate will have the following:
  • Minimum of one (1) year of mortgage or finance industry experience, preferably in loan servicing and in a high paced, customer service oriented operation
  • Familiarity with the collateral documents files (i.e. note, mortgage, related riders and addendums, assignments, title insurance policy, etc.)
  • Demonstrated ability to make decisions within set policies/procedures
  • Interpersonal skills
  • Verbal and written communication skills
  • Ability to be trained and train on various Collateral Management related tasks
  • Working knowledge of Microsoft Office (Excel, Word, PowerPoint, Visio)
  • Ability to work in a team environment as well as an individual contributor
  • Ability to work independently with moderate/minimum supervision
Years of Experience:
1Education:
Associate's Degree
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Technology we use

  • Engineering
  • Product
  • Sales & Marketing
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    • PerlLanguages
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    • RubyLanguages
    • AWS Cloud ServicesLanguages
    • jQueryLibraries
    • jQuery UILibraries
    • ReactLibraries
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    • MongoDBDatabases
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What are Pennymac Perks + Benefits

Pennymac Benefits Overview

Pennymac puts its people first. Our generous health, dental and vision benefits are available to all full-time employees. Our tech department also hosts fun, team-building events and activities.

Culture
Volunteer in local community
Partners with Nonprofits
Friends outside of work
Eat lunch together
Intracompany committees
Daily sync
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Pair programming
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Highly diverse management team
Unconscious bias training
Diversity manifesto
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Onsite Gym
Mental Health Benefits
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Company Equity
Employee Stock Purchase Plan
Performance Bonus
Child Care & Parental Leave Benefits
Family Medical Leave
Vacation & Time Off Benefits
Generous PTO
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
Game Room
Stocked Kitchen
Some Meals Provided
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Diversity Program
Lunch and learns
Promote from within
Mentorship program
Time allotted for learning
Online course subscriptions available
Customized development tracks

An Insider's view of Pennymac

What are some social events your company does?

Our Tech team has great events, including casino & trivia nights, virtual happy hours, gaming - we’ve even sponsored a video game tournament against our industry competitors! We’re nationally disbursed, but regardless of where people live, we’re all part of one interactive, linked community, and it’s easy to find others who share your interests.

Juan

Senior Developer, Production

How do you collaborate with other teams in the company?

The culture at Pennymac has cultivated a great sense of teamwork in which we all succeed, fail, and learn together. We collaborate in many ways - from video calls to morning coffee hours, ad hoc huddles, email, chat, and sometimes while playing ping pong or pool in the cafeteria. Everyone is encouraged to work together to accomplish a common goal.

Mandy

Vice President, IT Program Management

How has your career grown since starting at the company?

My time at Pennymac has rocketed my career as a software dev. In two years I went from having no professional coding background to managing three applications in production, managing two direct staff and contributing to open-source libraries. My time has given me the experience and skills to successfully create new tech products that make money.

John

Assistant Vice President, Application Development

How do your team's ideas influence the company's direction?

As a company, we're one very cohesive, supportive team with various areas of expertise. It's like a potluck - everyone brings something different, but it all comes together perfectly. Company management believes in us, trusts us, and invests in us. That provides the opportunity to build positive outcomes for our business and our customers.

Nick

Managing Director, Technology Infrastructure

What are some things you learned at the company?

Our team constantly works to better itself by delivering software on time without shortcuts or compromising quality. At Pennymac, I have the opportunity to own many critical day-to-day database operations. I've had the flexibility to be innovative, which has allowed me to grow as a developer.

Pavan

Senior Developer, Database

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