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PennyMac Financial Services Inc: Overview

PennyMac Financial Services Inc (PennyMac) operates as a specialty financial services company. It offers loan production, loan servicing, and investment management services. The company's loan production provides sources of mortgage loans through two channels including correspondent production and consumer direct lending. PennyMac's loan servicing performs loan administration, collection, and default management activities, including the collection and remittance of loan payments; response to customer inquiries; accounting for principal and interest; holding custodial (impounded) funds for the payment of property taxes and insurance premiums and supervising foreclosures and property dispositions. The company's investment management is operated through the company's subsidiary, PNMAC Capital Management, which manages PMT, a mortgage real estate investment trust. PennyMac is headquartered in Westlake Village, California, the US.

Headquarters United States of America

Address 3043 Townsgate Rd, Westlake Village, California, 91361-3027


Telephone 1 818 2247442

No of Employees 5,088

Industry Financial Services

Ticker Symbol & Exchange PFSI (NYSE)

Revenue (2020) $3.6B -10.5% (2020 vs 2019)

EPS XXX

Net Income (2020) XXX -39.1% (2020 vs 2019)

Market Cap* $2.3B

Net Profit Margin (2020) XXX -31.9% (2020 vs 2019)

* As of and is in US$

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Products and Services

Services
Mortgage Banking
Loan Production and Servicing
Investment Management
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2022 Others In February, the company and PennyMac Mortgage Investment Trust announced the launch of the Greatness Lives Here brand campaign.
2022 Contracts/Agreements In February, the company and Tavant collaborated for Joint implementation features Tavant FinDecision in dual AUS offer with top mortgage lender.
2022 Plans/Strategy In January, the company announced its plans to open a new facility in Tennessee, the US.
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Competitor Comparison

Key Parameters PennyMac Financial Services Inc Bank of America Corp Wells Fargo & Co Ocwen Financial Corp Ditech Holding Corp
Headquarters United States of America United States of America United States of America United States of America United States of America
City Westlake Village Charlotte San Francisco West Palm Beach Fort Washington
State/Province California North Carolina California Florida Pennsylvania
No. of Employees 5,088 210,000 243,674 5,700 2,900
Entity Type Public Public Public Public Private
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Executives
Name Position Board Since Age
David A Spector Chairman; Chief Executive Officer; President Executive Board 2021 59
Daniel S Perotti Chief Financial Officer; Senior Managing Director Senior Management 2021 41
Lior Ofir Chief Information Officer; Senior Managing Director Senior Management - -
Derek W Stark Chief Legal Officer; Senior Managing Director; Secretary Senior Management 2018 54
Don White Senior Managing Director; Chief Risk Officer Senior Management 2022 52
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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