PennyMac Financial Services Inc
NYSE:PFSI

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PennyMac Financial Services Inc
NYSE:PFSI
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Price: 98.56 USD -2.34% Market Closed
Market Cap: 5.1B USD
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PennyMac Financial Services Inc
Investor Relations

PennyMac Financial Services Inc., founded in 2008 amidst the turbulence of the global financial crisis, carved its path by capitalizing on the growing demand for mortgage-related services. Initially conceived as a counter-cyclical play, the company focused on investments in distressed mortgage assets as traditional lending tightened. Over time, it transformed into a comprehensive mortgage services firm, offering a spectrum of solutions across the home loan lifecycle. PennyMac operates through three segments: Production, Servicing, and Investment Management. The Production segment is the linchpin, engaging in the origination, acquisition, and sale of mortgage loans. It thrives on its ability to leverage sophisticated technology platforms and robust relationships with a network of brokers and consumers to capture market share in both thrift originations and correspondent lending.

As PennyMac's mortgage portfolio swells, its Servicing segment kicks into high gear, generating recurring revenue by managing payments, delinquencies, and refinancings. This segment benefits from economies of scale and efficiency, stabilizing revenues even in fluctuating interest rate environments. Investment Management, albeit a smaller contributor, plays a strategic role, managing mortgage-related assets on behalf of institutional investors, thereby garnering fees and enhancing the firm's competitiveness. By intertwining these segments, PennyMac Financial Services has created a synergistic business model that not only drives profits but also propels growth and stability amidst an ever-evolving mortgage market landscape.

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Management

Mr. David A. Spector
CEO & Chairman
No Bio Available
Mr. Douglas Edward Jones
President, Chief Mortgage Banking Officer & Director
No Bio Available
Mr. Daniel Stanley Perotti
Senior MD & CFO
No Bio Available
Mr. James Follette
Senior MD & Chief Digital Officer
No Bio Available
Mr. Gregory L. Hendry
Chief Accounting Officer
No Bio Available
Mr. Mike Hogan
Senior Managing Director & Chief Information Officer
No Bio Available
Mr. Kevin Chamberlain
Executive Vice President of Investor Relations
No Bio Available
Mr. Derek W. Stark J.D.
Senior MD, Chief Legal Officer & Secretary
No Bio Available
Ms. Susan Hallock Smith
Senior MD & Chief Marketing Officer
No Bio Available
Ms. Jenny Rhodes
Senior MD & Chief Human Resources Officer
No Bio Available

Contacts

Address
CALIFORNIA
Westlake Village
3043 Townsgate Rd
Contacts