PennyMac Financial Services Inc - Company Profile
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PennyMac Financial Services Inc (PennyMac) is a financial services provider. The company's services include loan production, loan service and investment management. Penny Mac's loan production segment offers correspondent production, consumer direct lending and broker direct lending. The company also offers loan administration, collection and default management activities. It also carries out investment management activities associated with investment asset acquisitions and dispositions such as sourcing, due diligence, negotiation and settlement. The company caters to individual investors and institutional borrowers. PennyMac is headquartered in Westlake Village, California, the US.
PennyMac Financial Services Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Mortgage Banking |
| Investment Management |
| Loan Production |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Acquisitions/Mergers/Takeovers | In September, the company acquired a minority stake in Vesta Innovations, Inc, a loan origination system for mortgages, powering banks and fintech lenders. |
| 2024 | Contracts/Agreements | In June, the company partnered with SimplyIOA to offer home, auto, life and other personal lines of insurance to the lender’s customers. |
| 2022 | New Products/Services | In October, the company announced the launch of POWER+ by Pennymac TPO, its next generation broker technology platform. |
Competitor Comparison
| Key Parameters | PennyMac Financial Services Inc | Rocket Companies Inc | Mr Cooper Group Inc | Onity Group Inc | 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 | Detroit | Coppell | West Palm Beach | Fort Washington |
| State/Province | California | Michigan | Texas | Florida | Pennsylvania |
| No. of Employees | 4,900 | 23,500 | 7,900 | 4,300 | 2,900 |
| Entity Type | Public | Public | Private | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| David A Spector | Chairman; Chief Executive Officer | Executive Board | 2024 | - |
| Doug Jones | Chief Mortgage Banking Officer; Director; President | Executive Board | - | - |
| Daniel S. Perotti | Chief Financial Officer; Senior Managing Director | Senior Management | - | - |
| Gregory L. Hendry | Chief Accounting Officer | Senior Management | - | - |
| Kevin Ryan | Chief Strategy Officer; Senior Managing Director | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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