PFSI - PennyMac Financial Services, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD

PennyMac Financial Services, Inc.

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

SectorFinancial Services
IndustrySpecialty Finance
Full Time Employees3,459

Key Executives

NameTitlePayExercisedYear Born
Mr. David A. SpectorPres, CEO & Director3.73MN/A1963
Mr. Andrew S. ChangSr. MD & CFO1.44MN/A1977
Mr. Vandad FartajSr. MD & Chief Investment Officer1.69MN/A1975
Mr. Douglas JonesSr. MD & Chief Mortgage Banking Officer2.29MN/A1957
Ms. Anne D. McCallionSr. MD, Chief Enterprise Operations Officer & DirectorN/AN/A1955
Amounts are as of December 31, 2018 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. 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 funds for the payment of property taxes and insurance premiums; counseling delinquent mortgagors; and supervising foreclosures and property dispositions. This segment 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 closing investment asset acquisitions; managing correspondent production activities for PennyMac Mortgage Investment Trust; and managing the acquired assets. PennyMac Financial Services, Inc. was founded in 2008 and is headquartered in Westlake Village, California.

Corporate Governance

PennyMac Financial Services, Inc.’s ISS Governance QualityScore as of April 1, 2019 is 5. The pillar scores are Audit: 2; Board: 2; Shareholder Rights: 2; 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.