PennyMac Financial Services, Inc.

Pennymac Financial Services Inc. is a specialty financial services firm with a comprehensive mortgage platform focused on the production, servicing, and investment management related to U.S. residential mortgage loans. It operates primarily through two key segments: loan production and loan servicing. The loan production segment sources mortgages via correspondent lending, where it acquires loans from small banks and independent originators; consumer direct lending, offering retail origination of prime credit quality conventional and government-insured loans nationwide through internet and call center channels; and broker direct lending, underwriting and funding loans from nonaffiliated brokers for sale to investors. The loan servicing segment handles administration, collection, and default management for a vast portfolio of loans. Additionally, through its subsidiary PNMAC Capital Management, LLC, it manages PennyMac Mortgage Investment Trust, a mortgage REIT investing in mortgage-related assets. As a seller/servicer approved by Fannie Mae, Freddie Mac, Ginnie Mae, FHA, VA, and USDA, Pennymac Financial Services Inc. supports homeownership and liquidity in the U.S. housing finance market. Founded in 2008 and headquartered in Westlake Village, California, it maintains an integrated business model serving diverse borrowers across the country.