Headquartered in Westlake Village, CA Fiscal year ends December NYSE: PFSI pfsi.pennymac.com
PennyMac Financial Services, Inc. (NYSE: PFSI) is a national financial services firm focused on the production and servicing of U.S. residential mortgage loans and the management of mortgage-related investments.
The company originates and acquires loans through all three production channels:
- **Correspondent:** acquiring loans from other lenders, including volume fulfilled for PennyMac Mortgage Investment Trust (PMT).
- **Broker direct:** wholesale lending.
- **Consumer direct:** retail lending, which draws on a customer base of about 2.8 million to recapture refinances from its servicing portfolio.
Its servicing portfolio totaled $737 billion in UPB at September 30, 2026. That includes $496 billion of owned MSRs, predominantly government-insured and guaranteed loans, plus loans subserviced for PMT and others. PFSI earns:
- loan servicing and subservicing fees;
- gains on loans held for sale;
- origination and fulfillment fees;
- management fees from PMT.
It hedges MSR fair value exposure. The company is pending acquisition of Cenlar's subservicing business, expected to close in 1Q27, and has agreed to sell $29 billion UPB of low-coupon conventional MSRs. It is also deploying AI automation across its origination workflows. Updated
In 2020, about 74,000 households took out seven-year adjustable-rate mortgages at pandemic-era rates. That seven-year time runs out in 2027. The October Mortgage Monitor from Intercontinental Exchange (NYSE:ICE | ICE Price Prediction)…
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PennyMac Financial Services, Inc. (NYSE: PFSI) is a national financial services firm focused on the production and servicing of U.S. residential mortgage loans and the management of mortgage-related investments.
24/7 Wall St.'s 12-month price target for PFSI is $75.18, rated Buy. The Wall Street consensus target is $82.29. PFSI price prediction →
