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PennyMac Financial Services, Inc. (PFSI)


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PennyMac Financial Services, Inc.

3043 Townsgate Road
Westlake Village, CA 91361
United States
818-224-7442
http://www.pennymacfinancial.com

SectorFinancial
IndustryMortgage Investment
Full Time Employees2,864

Key Executives

NameTitlePayExercisedAge
Mr. Stanford L. KurlandFounder and Exec. Chairman6.39MN/A64
Mr. David A. SpectorChief Exec. Officer, Pres and Director4.41MN/A54
Mr. Vandad FartajChief Capital Markets Officer and Sr. Managing Director1.79MN/A42
Mr. Douglas JonesChief Mortgage Banking Officer and Sr. Managing Director2.58MN/A60
Ms. Anne D. McCallionChief Enterprise Operations Officer and Sr. Managing Director1.75MN/A62
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Loan Production, Loan Servicing, and Investment Management. The Loan Production segment is involved in the origination, acquisition, and sale of mortgage loans. This segment originates first-lien residential conventional and government-insured or guaranteed mortgage loans to allow customers to purchase or refinance their homes. The Loan Servicing segment engages in the servicing of newly originated mortgage loans, and execution and management of early buyout loans. It 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 (impounded) funds for the payment of property taxes and insurance premiums; counseling delinquent mortgagors; and supervising foreclosures and property dispositions. The company also services conventional and government-insured or guaranteed loans; and distressed mortgage loans that have been acquired as investments by its advised entities. The Investment Management segment is involved in sourcing, performing diligence, bidding, and completing 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.

Corporate Governance

PennyMac Financial Services, Inc.’s ISS Governance QualityScore as of July 1, 2017 is 9. The pillar scores are Audit: 1; Board: 3; Shareholder Rights: 6; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.