Job Description

Loan CounselorPennymac (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 Loan Counselor plays a crucial role in proactively managing and resolving early-stage delinquent loans. This role involves direct interaction with borrowers to understand their financial situation, apply effective collection strategies, and explore available foreclosure alternative programs. The Loan Counselor will leverage investor, state, and company-specific programs to develop and implement sustainable solutions, ultimately minimizing losses and guiding borrowers towards a permanent resolution of their delinquency.The Loan Counselor will:Communicate with customers through inbound queues and outbound campaigns to address early-stage loan defaults.Build rapport, determine the reason for delinquency, evaluate repayment capacity and secure paymentsProactively manage and address first payment defaults, implementing appropriate collection and loss mitigation strategiesAccurately update customer financial records to enable the processing of foreclosure alternative programs.Provide clear and concise updates to customers regarding program outcomes and guide them through the recommended next stepsAssist in cross department call overflow and addressing customer inquiriesProvide comprehensive service, resolution, and detailed documentation for escalated customer issuesProactively manage and track self-initiated follow-ups to ensure timely resolutionPerform additional related duties as assignedConsistently uphold and promote the organization's desired culture and values through professional conductProactively ensure compliance with all relevant regulatory requirements and legal guidelinesWhat You'll Bring:Entry-level position, offering a great learning opportunity for those with or without prior work experience.Basic proficiency in negotiation techniques to achieve mutually beneficial outcomes.Demonstrated ability to provide effective and customer-focused service.Ability to prioritize tasks and manage time efficiently.Ability to learn and understand default servicing concepts and relevant regulations, including CFPB and FDCPACapacity to effectively communicate information and educate others.Strong foundational verbal and written communication abilities.Fundamental understanding and ability to navigate computer systems and software.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 VisionPaid Time Off Programs including vacation, holidays, illness, and parental leaveWellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)Retirement benefits, life insurance, 401k match, and tuition reimbursementPhilanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorshipsCompensation: 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

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