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Product Owner
full-timeWestlake Village, Cary, Carrollton$90k - $150k

Summary

Location

Westlake Village, Cary, Carrollton

Salary

$90k - $150k

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

We are seeking a Product Owner to manage complex projects that involve multiple integrated business systems, interfacing across departments and/or divisions. As the Product Owner, you will collaborate with System Developers and Business Subject Matter Experts on application changes, development, and deployment. 

 

The Product Owner will:

 

  • Manage organizational analysis efforts to identify current capabilities, opportunities for improvement and drives measurement, prioritization and implementation of identified opportunities
  • Review and approve business analysis related documentation including: requirements, current and future state processes and workflows, report specifications and others
  • Interact and coordinate with system developers and business subject matter experts on application changes, development, and deployment
  • Write, communicates and vets requirements and user stories with business leaders using different approaches such as use cases, activity diagrams, sequence diagrams and state charts, data dictionaries, class or entity relationship diagrams to ensure complete understanding by business leaders/executives while working with an Agile framework
  • Work effectively inside a Scrum or Kanban team and conduct and participate in Scrum ceremonies and retrospectives
  • Create strategies for risk mitigation, contingency planning, and cost saving while maintaining project documentation to develop regular reports for department and executive leadership
  • Plan, develop, oversee, execute and certify changes by establishing rigorous test plan through design and implementation phases and tracking test results to ensure changes are complete and accurate to finalized requirements
  • 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

  • Bachelor’s degree in Computer Science, Information Systems or related field, or equivalent work experience
  • 10+ years of Agile experience
  • Data Management experience and database knowledge preferred
  • Knowledge of JIRA, Confluence or similar tools required
  • Financial Services and, if possible, mortgage industry experience preferred
  • SQL Server/.NET, XML/EDI, or BI Tools experience a plus

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

$90,000 - $150,000
Work Model

OFFICE

Other facts

Tech stack
Agile Framework,Scrum,Kanban,Requirements Management,User Stories,Use Cases,Activity Diagrams,Sequence Diagrams,State Charts,Data Dictionaries,Class Diagrams,Entity Relationship Diagrams,Risk Mitigation,Contingency Planning,Test Plan Development,Change Certification

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 Product Owner will manage complex projects involving multiple integrated business systems, collaborating with developers and subject matter experts on application changes, development, and deployment. Responsibilities include driving organizational analysis, reviewing documentation, writing and vetting requirements/user stories within an Agile framework, and overseeing testing and change certification.

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Frequently Asked Questions

What does Pennymac pay for a Product Owner?

Pennymac offers a competitive compensation package for the Product Owner role. The salary range is USD 90k - 150k per year. Apply through Clera to learn more about the full compensation details.

What does a Product Owner do at Pennymac?

As a Product Owner at Pennymac, you will: the Product Owner will manage complex projects involving multiple integrated business systems, collaborating with developers and subject matter experts on application changes, development, and deployment. Responsibilities include driving organizational analysis, reviewing documentation, writing and vetting requirements/user stories within an Agile framework, and overseeing testing and change certification..

Why join Pennymac as a Product Owner?

Pennymac is a leading Financial Services company. The Product Owner role offers competitive compensation.

Is the Product Owner position at Pennymac remote?

The Product Owner position at Pennymac is based in Westlake Village, California, United States and Cary, North Carolina, United States. Contact the company through Clera for specific work arrangement details.

How do I apply for the Product Owner position at Pennymac?

You can apply for the Product Owner 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.