Collateral Management Specialist I

Requisition ID
Position Type
Mortgage Operations
$39,000 - $55,000


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 Collateral Management Specialist 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.


The Collateral Management Specialist will:


  • Manage the collateral review process of newly boarded purchased loans
  • Assist in the clearing or curing of collateral issues and release of collateral
  • Coordinate the delivery of collateral documents to investors and custodians
  • Place collateral document orders with vendors
  • Create collateral documents (i.e. Allonges, Endorsements, etc.)
  • 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

  • 1+ years 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
  • Ability to be trained and train on various Collateral Management related tasks
  • Working knowledge of Microsoft Office (Excel, Word, PowerPoint, Visio)

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


To learn more about our benefits visit:


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.


$39,000 - $55,000

Work Model



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