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VP, Product Manager

Westlake Village, CA, USA | PennyMac Loan Services, LLC

  • Industry:
    Financial Services
  • Position Type:
  • Functions:
    Product Development
  • Experience:
    10-12 years
Job Description:
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This is an exciting opportunity to join PennyMac – a top national mortgage lender who is committed to providing its customers with a range of innovative mortgage solutions.PennyMac’s Product and Pricing Strategy Group (“PPSG”) is looking for a Product Manager who can provide deep expertise by specializing in product programs and help guide the success of the product portfolio.The Product Manager is expected to lead new product evaluation activities, provide support and guidance with product implementations, monitor product success and performance, and analyze industry-wide developments for impacts to PennyMac’s products and customers.

The ideal candidate will be highly strategic with an ability to support the cross-functional product development organization and ensure effective administration, timely release of new product introductions, as well as, changes to existing products and programs.You will work closely with key stakeholders across the organization to ensure the product supports the organization’s overall strategy and goals.

The Product Manager position is a challenging and exciting role that offers the right candidate an opportunity to drive this growing area of PennyMac’s business, work with senior management, and shape the future of PennyMac’s product portfolio.

The Product Manager will be located at PennyMac’s Corporate Headquarters, in Westlake Village, CA.This is not a remote opportunity.

Job Description

New product surveillance and competitive intelligence

Lead product evaluation efforts

Provide oversight and guidance on product implementation activities

Analyze industry-wide program developments for impacts to PennyMac’s products and customers

Monitor results of the product portfolio and reviewing product trends (credit attributes, performance, usage statistics)

Serve as the centralized product expert for program guidelines, parameters and borrower profile

Work with key stakeholders, participate in and develop overall product strategy

Coordinate with other teams across PennyMac to accomplish common objectives

Identify product needs and define a product roadmap that delivers key strategic results

Perform other related duties as required and assigned

Demonstrate behaviors which are aligned with the organization’s desired culture and values

Ideal Candidate will have the following:

Bachelor’s degree with 5-7 years mortgage industry experience preferred, or equivalent industry experience required

Strong understanding of the origination process, loan origination systems, and mortgage lifecycle

Resourcefulness in identifying trends and changes in the mortgage market

Collaborative work style with a strong focus on execution and results

Self-driven, with strong innovation and change orientation

Aptitude for determining product dependencies and prioritizing tasks

Extensive knowledge with MS Office and/or Google applications

Advanced verbal and written communication and presentation skills

Strong attention to detail

Years of Experience:



Bachelor's Degree

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