OverviewSuggest Edit

PennyMac Financial Services, Inc. is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. The Company has a strong track record of performance and earnings growth, driven by solid execution of their growth strategies while remaining focused on quality and governance. PennyMac Financial operates in three business segments: Loan Production, Loan Servicing and Investment Management.
TypePublic
Founded2008
HQWestlake Village, US
Websitepennymacusa.com

Recent NewsAll News

Latest Updates

Employees (est.) (Feb 2019)3,383(+2%)
Job Openings131
Revenue (FY, 2017)$955.5 M(+3%)
Share Price (Mar 2019)$22.9

PennyMac Financial Services Office Locations

PennyMac Financial Services has offices in Westlake Village, Fort Worth, Henderson, Eagan and in 5 other locations
Westlake Village, US (HQ)
3043 Townsgate Rd #200
Eagan, US
860 Blue Gentian Rd
Fort Worth, US
14800 Trinity Blvd
Henderson, US
2285 Corporate Cir #160
Honolulu, US
55 Merchant St #1430
Moorpark, US
6101 Condor Dr #200
Show all (9)
Report incorrect company information

PennyMac Financial Services Financials and Metrics

PennyMac Financial Services Revenue

PennyMac Financial Services's revenue was reported to be $955.46 m in FY, 2017
USD

Revenue (Q2, 2018)

244.3m

Net income (Q2, 2018)

68.4m

Market capitalization (18-Mar-2019)

1.8b

Closing stock price (18-Mar-2019)

22.9

Cash (30-Jun-2018)

189.7m

EV

3.9b
PennyMac Financial Services's current market capitalization is $1.8 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

386.6m518.3m713.1m931.9m955.5m

Revenue growth, %

28%38%31%

Sales and marketing expense

148.6m274.3m342.2m358.7m

General and administrative expense

22.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

87.2m105.5m130.4m196.4m189.2m143.4m207.8m291.4m204.5m201.7m250.6m238.2m244.3m

Sales and marketing expense

35.8m42.9m47.0m70.4m74.1m68.3m83.1m96.1m85.2m83.0m93.4m102.0m98.5m

General and administrative expense

6.4m6.5m

Operating expense total

52.3m56.4m72.4m121.6m115.3m113.3m123.5m152.1m142.4m143.8m156.5m165.2m169.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

30.6m76.4m105.5m99.4m37.7m

Accounts Receivable

1.4m

Inventories

Total Assets

1.6b4.9b3.5b5.1b7.4b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

56.4m37.4m70.8m77.3m82.0m74.7m47.4m116.6m143.7m94.7m72.8m76.0m67.7m137.9m189.7m

Accounts Receivable

1.5m1.4m

Total Assets

1.3b1.8b2.2b2.5b2.9b3.4b3.8b4.0b4.6b5.6b5.3b6.4b6.4b6.9b6.8b

Accounts Payable

53.4m49.8m70.4m62.7m86.9m84.4m85.5m87.0m102.3m106.7m108.5m132.1m122.7m113.0m114.0m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

172.2m194.5m247.6m337.0m311.5m

Depreciation and Amortization

824.0k2.4m5.8m8.4m

Inventories

Accounts Payable

(14.5m)8.0m46.7m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

134.9m43.5m95.0m168.0m7.5m113.3m178.7m26.5m100.8m223.1m54.4m105.1m187.6m66.9m135.3m

Depreciation and Amortization

594.0k286.0k612.0k972.0k394.0k911.0k1.6m1.1m2.3m4.0m2.0m4.1m6.2m2.6m5.6m

Accounts Payable

(12.4m)6.0m4.2m8.4m10.6m9.8m14.1m27.4m(27.5m)(33.5m)

Cash From Operating Activities

(68.1m)(170.4m)(431.4m)(383.4m)(753.1m)(421.4m)(519.2m)(516.9m)(958.8m)(1.9b)(111.3m)(853.0m)(646.4m)537.4m595.9m
USDY, 2018

EV/CFO

6.5 x

Debt/Equity

1.2 x

Debt/Assets

0.3 x

Financial Leverage

3.7 x
Show all financial metrics

PennyMac Financial Services Operating Metrics

PennyMac Financial Services's Assets Under Management was reported to be $1.6b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Assets Under Management

$2 b$1.96 b$1.84 b$1.75 b$1.73 b$1.62 b$1.56 b$1.56 b$1.55 b$1.56 b$1.60 b

Total Loans Serviced for Others

$105.98 b$115.24 b$136.17 b$154.83 b$160.27 b$164.91 b$171.72 b$182.08 b$194.24 b$202.88 b$228.96 b
Show all operating metrics

PennyMac Financial Services Revenue Breakdown

Embed Graph

PennyMac Financial Services revenue breakdown by business segment: 22.9% from Loan Servicing, 74.6% from Loan Production and 2.6% from Other

Report incorrect company information

PennyMac Financial Services Online and Social Media Presence

Embed Graph
Report incorrect company information

PennyMac Financial Services Blogs

Second Mortgages: What Are They, and How Do They Work?

Second mortgages can be a great way to use the equity in your home to free up cash for important needs. Just like any other loan, there are some important things you should know about second mortgages before you begin the application process. What Is a Second Mortgage? A second mortgage is generall…

What Is Enterprise Paid Mortgage Insurance (EPMI)?

Enterprise Paid Mortgage Insurance (EPMI) is a type of mortgage insurance option for borrowers with an LTV ratio greater than 80%. EPMI is another option for borrowers to obtain mortgage insurance, where the mortgage insurance is obtained from an approved insurance provider. Understanding EPMI an…

5 Ways to Financially Benefit from Your Home

As your home’s value rises, it can be tempting to tap into the equity you’ve built as a source of cash. In 2018, more than 44 million U.S. homeowners had access to the highest amount of home equity in history — around $6 trillion. Knowing how you want to use your equity will help determine which t…

4 Tips for Paying Off Your Mortgage Faster

Pay off the principal you borrowed more quickly, and you’ll own your home earlier, and pay less in loan interest. You may even save tens of thousands of dollars over the life of the loan. In fact, 32% of homeowners have paid off their home loan. While there are some drawbacks to paying your loan of…

5 Tips for Paying Off Your Mortgage Faster

Pay off the principal you borrowed more quickly, and you’ll own your home earlier, and pay less in loan interest. You may even save tens of thousands of dollars over the life of the loan. In fact, 32% of homeowners have paid off their home loan. While there are some drawbacks to paying your loa…

All About Easements: How They Affect Your Property

On the most basic level, an easement allows non-owners to legally access a specific property for a particular reason. As a homeowner, the idea of other people entering your land may be off-putting, but in practice, easements cause few problems and are relatively commonplace. If you have ever pu…
Show more

PennyMac Financial Services Frequently Asked Questions

  • When was PennyMac Financial Services founded?

    PennyMac Financial Services was founded in 2008.

  • How many employees does PennyMac Financial Services have?

    PennyMac Financial Services has 3,383 employees.

  • What is PennyMac Financial Services revenue?

    Latest PennyMac Financial Services annual revenue is $955.5 m.

  • What is PennyMac Financial Services revenue per employee?

    Latest PennyMac Financial Services revenue per employee is $282.4 k.

  • Who are PennyMac Financial Services competitors?

    Competitors of PennyMac Financial Services include Eagle Bancorp, First Financial Northwest and Shawbrook.

  • Where is PennyMac Financial Services headquarters?

    PennyMac Financial Services headquarters is located at 3043 Townsgate Rd #200, Westlake Village.

  • Where are PennyMac Financial Services offices?

    PennyMac Financial Services has offices in Westlake Village, Fort Worth, Henderson, Eagan and in 5 other locations.

  • How many offices does PennyMac Financial Services have?

    PennyMac Financial Services has 9 offices.