PennyMac Financial Services Inc. (PFSI)

PennyMac Financial Services, Inc. a specialty financial services company, engages in the mortgage banking and investment management activities in the United States. It is involved in the origination, acquisition, and sale of mortgage loans. The company originates first-lien residential conventional and government-insured or guaranteed mortgage loans to allow customers to purchase or refinance their homes. It also engages in the servicing of newly originated mortgage loans, and execution and management of early buyout loans. The company performs loan administration, collection, and default management activities, including the collection and remittance of loan payments; response to customer inquiries; accounting for principal and interest; holding custodial funds for the payment of property taxes and insurance premiums; counseling delinquent mortgagors; and supervising foreclosures and property dispositions, as well as services conventional and government-insured or guaranteed loans; and distressed mortgage loans. In addition, the company is involved in sourcing, performing diligence, bidding, and closing investment asset acquisitions; managing correspondent production activities for PennyMac Mortgage Investment Trust; and managing the acquired assets for the advised entities. PennyMac Financial Services, Inc. was founded in 2008 and is based in Westlake Village, California.