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, 2020, we are the 2nd
largest originator and the 7th largest servicer in the U.S. according to Inside
Mortgage Finance. In our Investment Management business, we manage 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 growth.
Privacy Policy