PennyMac Financial Services, Inc. is a specialty financial services
firm with a comprehensive mortgage platform and integrated business
focused on the production and servicing of U.S. mortgage loans and
the management of investments related to the U.S. mortgage market.
PennyMac Financial was founded in 2008 by members of our executive
leadership team and two strategic partners, BlackRock Mortgage Ventures,
LLC and HC Partners, LLC, formerly known as Highfields Capital Investments,
LLC. Since then, we have built what we believe is an industry-leading
operational platform to pursue business opportunities in the U.S.
mortgage market. We have a strong track record of performance and
earnings growth, driven by solid execution of our growth strategies
while remaining focused on quality and governance.
PennyMac Financial operates in three business segments: Loan
Production, Loan Servicing and Investment Management. As of
December 31, 2016, we are the 4th largest originator and the 11th largest
servicer in the U.S. according to Inside Mortgage Finance. In our
Investment Management business, we manage private investment funds
and PennyMac Mortgage Investment Trust (NYSE: PMT), a publicly-traded
mortgage REIT. PMT is a tax-efficient vehicle for investing in
mortgage-related assets and a capital partner that helps reduce
our balance sheet requirements compared to a typical mortgage company.
We believe that PennyMac Financial is a unique company in the
U.S. mortgage sector. We have a diversified business model that
includes complementary strategies that have generated strong and
growing profits across a range of market environments. We believe
that the deep experience of our senior management and our strong
commitment to corporate governance, compliance, and risk management
are essential to PennyMac Financial's continued success and long-term
Forward-Looking Statements Disclosure