A Typical Day
The First Vice President, Mortgage Operations Assistant General Counsel is responsible for supporting nationwide federal and state court litigation across all Pennymac entities. This role oversees outside counsel strategies, legal document reviews, corporate reporting, and internal litigation support teams.
The FVP, MO Assist Gen Cnsl will:
Select and manage outside counsel by evaluating performance, directing litigation and settlement strategies, and reviewing pleadings, motions, and appellate briefs
Supervise and direct litigation specialists in executing defense litigation support workflows
Audit, negotiate, and approve outside law firm invoices to maintain litigation budget parameters
Prepare litigation risk and case status reporting for senior management, investors, insurers, lenders, regulators, and capital market transactions
Collaborate with all levels of internal management and cross-functional teams to resolve active legal matters
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
- Must be a licensed attorney, preferably in CA or TX
- Broad knowledge of mortgage origination or servicing is preferred, particularly in foreclosure and loss mitigation
- Must have significant experience in business litigation, preferably mortgage servicing-related defense litigation
- Experience with managing attorneys and paralegals is preferred
- Must have a general understanding of civil litigation procedures and local rules for state and federal courts
- Class action and trial experience is preferred
- Self-starter with ability to work independently and interact professionally with attorneys, litigation specialists and all levels of management
- Excellent writing and organizational skills and good judgment are essential
- Proficiency with Microsoft Windows, Word, Excel, PowerPoint and email are required. Must also have the ability to create reports and processes for efficient information retrieval and clear presentation
- Experience with mortgage servicing systems is preferred
- Must be a team player with strong attention to detail and able to work independently
- Proven track record at delivering timely and accurate information in a fast-paced environment
- Excellent critical thinking, problem solving, mathematical skills and sound judgment
- Financial Services and, if possible, mortgage industry experience preferred
- Strong business acumen and ability to interface with executive management
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
- We value the hard work and dedication of our employees. In addition to a competitive salary, positions may offer bonus opportunities.
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$110,000 - $170,000
Work ModelOFFICE