Hazard Insurance Claims Specialist

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 Hazard Insurance Claims Specialist will be responsible for filing insurance claims on vacant, damaged homes in active foreclosure to reduce Pennymac's financial loss. As the Claims Specialist, you must be able to identify insurable damage and negotiate claim settlement with the insurance carrier while ensuring compliance with investor guidelines.

• Manage the incoming high volume of inspection reports and photos, on a daily basis and established timelines, from multiple property preservation service providers to identify insurable losses and date of loss occurrence
• Collect and present supporting mortgage documents to the insurer on damaged CONV, VA, USDA and FHA loans, such as origination and foreclosure documents, payoff statements, and change in risk letters
• Generate work orders with property preservation service providers during the claim process in order to induce meet and greets, estimates of damage, as well as police and / or fire reports
• Provide timely response to inquiries by internal and external clients and property preservation service providers
• Audit all resolved claims to ensure the claim was settled fairly and accurately after a review of vendor invoices, adjuster's estimates, insurance affidavits and / or recoverable depreciation deadline to determine if a supplemental claim is needed
• 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

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 :

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 :

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

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