Pennymac

Renovation Loans Specialist I

Pennymac

Aug 4th, 2022
Pennymac (NMLS #35953) is a top national mortgage lender with over 4 million lifetime customers. Whether you are new to the home loan process or an experienced buyer, Pennymac is dedicated to offering competitive rates and superior service.

Being an online mortgage lender means Pennymac can focus on the needs of its customers rather than maintaining a network of branches and banking products. The company’s licensed loan officers are trained to help customers every step of the way.

Mission: To build a foundation of homeownership by enabling our customers to achieve and sustain their aspirations of home.
Westlake Village, CA 91361
http://www.pennymac.com
Overview:

Responsible for 203k loan processing. Works with multiple entities outside the company and multiple departments within the company to ensure the validation and processing for 203k funds are within HUD guidelines.

Job Description:

  • Monitor pre-purchase loans to identify initial escrow holdback amounts, validate 203k loan information with lenders, and fund loans
  • Process 203k loans by working directly with internal groups including: investor accounting, loan boarding, servicing, funding, pricing, and treasury
  • Communicate regularly with external groups including lenders, borrowers, contractors, inspectors, consultants and title companies
  • Ensure 203k loans are processed according to HUD and Ginnie Mae required guidelines
  • Work with lenders to manage the borrower rehabilitation project and release funds upon lender authorization
  • Conduct reporting and reconciliation of escrow account balances
  • Complete rehabilitation project management by allocating final rehabilitation funds and closing out loans in FHA connection
  • Validate and process wires for disbursement
  • Monitor daily pipeline management
  • Perform other related duties as required and assigned
  • Demonstrate behaviors which are aligned with the organization’s desired culture and values

Ideal Candidate will have the following::

  • Strong interpersonal, verbal and written communication skills
  • Good organizational and time management skills
  • Strong customer service background
  • Must be highly proficient in Excel and Word
  • Strong understanding of correspondent transactions
  • Financial Services and, if possible, mortgage industry experience preferred

Years of Experience: : 0 Education:: Associate’s Degree

If you require alternative methods of application or screening, you must approach Pennymac directly to request this, as we're not responsible for the employer's application process.

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