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 VP of Application Development provides the technical vision and operational leadership for the Mortgage Servicing platform. This role requires a seasoned leader who balances a deep "player-coach" technical background with the ability to drive high-level business strategy. You will oversee the evolution of our technology stack, transitioning from traditional cloud-hosted applications to an AI-augmented ecosystem. You are responsible for the health of the codebase, the scalability of our AWS infrastructure, and the professional growth of the engineering team. This position ensures that all technology solutions are high-quality, compliant with financial regulations, and aligned with the organization’s long-term goals.

Key Responsibilities

• Lead and mentor a high-performing application development team, fostering a culture of technical excellence, accountability, and continuous improvement over a 10+ year horizon of leadership.
• Architect and oversee the migration and modernization of .NET and .NET Core applications into a fully cloud-native environment utilizing AWS services like Lambda, SQS, and API Gateway.
• Define and execute the departmental AI strategy, including the integration of Generative AI for automated mortgage document processing and the deployment of AI coding assistants to optimize the SDLC.
• Own the end-to-end software development lifecycle, ensuring that Agile methodologies, unit testing, and automated quality assurance are deeply embedded in the team's workflow.
• Act as the final authority on architectural decisions, ensuring that design patterns and refactoring efforts maintain the long-term stability and security of the mortgage servicing platform.
• Partner with executive stakeholders to translate complex business requirements into scalable technology roadmaps while managing project budgets and vendor relationships.
• Drive production stability by overseeing the resolution of complex issues in live environments and establishing robust post-implementation support structures.
• Ensure all developed technologies adhere to strict financial services compliance standards, including data privacy and audit requirements related to mortgage-backed securities.
• Evaluate emerging technologies and open-source software to ensure the platform remains competitive and cost-effective within the AWS ecosystem.
• Manage resource allocation across multiple concurrent projects, balancing the maintenance of legacy systems with the delivery of innovative new features.

• Bachelor’s degree in Computer Science or a related field, or equivalent professional experience at the executive level
• A minimum of 10 years of experience leading and managing application development teams within a high-growth environment.
• Deep technical expertise in the Microsoft stack, including .NET 8/9+, C#, SQL Server, and legacy SSIS packages.
• Proven track record of designing and deploying scalable applications within an AWS environment, with specific focus on EC2, SQS, SNS, Lambda, and Containerization.
• Advanced knowledge of front-end technologies including JavaScript, CSS, HTML, and modern functional programming frameworks.
• Demonstrated experience implementing AI-driven solutions, such as LLM integration, Semantic Kernel, or advanced AI-assisted coding workflows.
• Strong background in Financial Services, with a specific understanding of mortgage servicing, escrow management, or mortgage-backed securities.
• Mastery of Agile Methodologies, including Scrum and Extreme Programming (XP), with the ability to scale these processes across an organization.
• Expert-level understanding of relational databases such as SQL Server, MySQL, and PostgreSQL, including performance tuning and data architecture.
• Exceptional communication skills with the ability to present technical strategies to non-technical executive leadership.

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.