Senior VP, Associate General Counse

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 Senior Vice President, Associate General Counsel is a highly visible, high-impact transactional role supporting our Corporate Treasury and Secondary Marketing teams. In this capacity, you will review, draft and negotiate sophisticated lending facilities that support our mortgage lending operations, ranging from Master Repurchase Agreements to complex MSR financing structures, including any applicable Agency acknowledgement agreements. Beyond treasury operations, you will act as the legal subject matter expert on Agency guides, support the correspondent lending channel with their agreements and Seller Guide, and partner closely with senior business leaders across the organization. 

The Senior Vice President, Associate General Counsel will:

• Draft and negotiate transaction documents for financing arrangements secured by a wide arrange of mortgage-related assets, including mortgage loans, servicing advances, securities, participation interests and servicing rights
• Be responsible for Corporate Treasury cash management agreements, custodial agreements, confidentiality agreements, guarantees, powers of attorney, and related ancillary agreements
• Provide legal support to Corporate Treasury group
• Provide legal support for mortgage loan correspondent lending activity
• Perform other related duties as required and assigned
• Demonstrate behaviors which are aligned with the organization’s desired culture and values

• Post-graduate degree
• 7+ years of relevant work experience
• Significant experience in mortgage loan-related financing transactions, including warehouse lending, repurchase transactions, participation structures, syndicated facilities and securitization
• Knowledge of real estate investment trusts and mortgage loan origination, underwriting and servicing, including the Fannie Mae, Freddie Mac and Ginnie Mae Guides is preferred
• Experience with gestation and early buyout facilities a plus
• Specific experience with transactions involving digital assets such as eNotes a plus
• Licensed to practice law in CA or TX
• Must be highly proficient in Word
• Must be a team player, with the ability to work independently, and possess a strong attention to detail, excellent critical thinking skills, sound judgment and the capacity to handle multiple projects effectively
• Strong business acumen and ability to interface with senior and executive management
  

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.