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Collateral Management Specialist I
full-timeFort Worth$40k - $60k

Summary

Location

Fort Worth

Salary

$40k - $60k

Type

full-time

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About this role

PENNYMAC

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: https://pennymacnews.page.link/benefits

 

For residents with state required benefit information, additional information can be found at: https://www.pennymac.com/additional-benefits-information

 

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. 

 


Salary

$40,000 - $60,000
Work Model

OFFICE

Other facts

Tech stack
Mortgage Industry Experience,Loan Servicing,Customer Service,Collateral Documents,Decision Making,Training Ability,Microsoft Office,Excel,Word,PowerPoint,Visio

About Pennymac

PennyMac Loan Services, LLC (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.

Our mission is to build a foundation of homeownership by enabling our customers to achieve and sustain their aspirations of home.

Pennymac Publication Rules
We A.R.E. Pennymac: Accountable, Reliable, Ethical. Pennymac does not pay or otherwise provide compensation for reviews/comments. All reviews/comments are subject to the disclaimer provided prior to posting and become the property of Pennymac once submitted. We reserve the right to validate, remove or republish your reviews/comments at any time.

Equal Housing Opportunity, PennyMac Loan Services, LLC, 3043 Townsgate Road, Suite 200, Westlake Village, CA 91361, 818-224-7442. NMLS ID # 35953 (www.nmlsconsumeraccess.org). For a complete listing of state licenses and important notices, please visit www.pennymac.com/state-licenses. Not all property types qualify. Some loan products may not be available in all states. Information, property type eligibility, rates and pricing are subject to change without prior notice at the sole discretion of PennyMac Loan Services, LLC. Ask your loan officer for details. © 2025 Private National Mortgage Acceptance Company, LLC, Pennymac and all related marks are trademarks of Private National Mortgage Acceptance Company, LLC and/or its subsidiaries or affiliates. Third-party content is the property of its respective owners. All rights reserved. (01-2025)

Team size: 1,001-5,000 employees
LinkedIn: Visit
Industry: Financial Services
Founding Year: 2008

What you'll do

  • The Collateral Management Specialist is responsible for reviewing collateral files for loans purchased by Pennymac to ensure enforceability and accuracy. This includes managing the collateral review process, assisting in clearing collateral issues, and coordinating document delivery.

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Frequently Asked Questions

What does Pennymac pay for a Collateral Management Specialist I?

Pennymac offers a competitive compensation package for the Collateral Management Specialist I role. The salary range is USD 40k - 60k per year. Apply through Clera to learn more about the full compensation details.

What does a Collateral Management Specialist I do at Pennymac?

As a Collateral Management Specialist I at Pennymac, you will: the Collateral Management Specialist is responsible for reviewing collateral files for loans purchased by Pennymac to ensure enforceability and accuracy. This includes managing the collateral review process, assisting in clearing collateral issues, and coordinating document delivery..

Why join Pennymac as a Collateral Management Specialist I?

Pennymac is a leading Financial Services company. The Collateral Management Specialist I role offers competitive compensation.

Is the Collateral Management Specialist I position at Pennymac remote?

The Collateral Management Specialist I position at Pennymac is based in Fort Worth, Texas, United States. Contact the company through Clera for specific work arrangement details.

How do I apply for the Collateral Management Specialist I position at Pennymac?

You can apply for the Collateral Management Specialist I position at Pennymac directly through Clera. Click the "Apply Now" button above to start your application. Clera's AI-powered platform will help match your profile with this opportunity and guide you through the application process. You can also learn more about Pennymac on their website.