Manager, Mortgage Finance

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.

The Mortgage Finance Manager will participate in and manage the negotiation, facilitation, contractual and logistical process of bulk residential whole-loan purchases/sales, servicing rights acquisitions/sales as well as derivative transactions, including MSFTAs and ISDAs.

The Mortgage Finance Manager will:

• Understand concepts of mortgage finance including agency and non-agency whole-loan transactions
• Thoroughly review and negotiate all forms of related transaction documents
• Manage transactions while fostering internal and external client relationships and business growth
• Ensure smooth and timely settlement of transactions
• Take leadership role in Mortgage Finance with an eye towards grooming junior talent and employees
• Assist with business development initiatives and coordinate deal structures for various asset types
• Execute any remediation required based on findings from in-process and post due diligence quality control audits
• Successfully coordinate across all areas of PennyMac (i.e. Legal, Servicing, Investor Accounting, etc.)
• Perform other related duties as required and assigned
• Demonstrate behaviors which are aligned with the organization’s desired culture and values

• Bachelor’s degree, preferably in Business Finance or related field
• 3+ years of relevant work experience
• Ability to write well, think critically and develop practical solutions
• Ability to read, analyze, interpret, comment on and negotiate legal documents
• Candidate must be detail-oriented due to the significant and immediate financial impact on valuation/pricing/trading
• Advanced knowledge of Microsoft Office (Excel, Word and PowerPoint)

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

To learn more about our benefits visit: https://pennymacnews.page.link/benefits

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.