OverviewSuggest Edit

PennyMac Financial Services is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of mortgage loans and the management of investments related to the mortgage market. The Company operates in three business segments: Loan Production, Loan Servicing and Investment Management.
TypePublic
Founded2008
HQWestlake Village, CA, US
Websitepennymacusa.com
Overall CultureC-

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)4,215(+22%)
Job Openings377
Revenue (FY, 2017)$955.5 M(+3%)
Share Price (Jun 2021)$62(+2%)
Cybersecurity ratingAMore

Key People/Management at PennyMac Financial Services

John Bodrozic

John Bodrozic

Co-Founder Of HomeZada

PennyMac Financial Services Office Locations

PennyMac Financial Services has offices in Westlake Village, Carson, Honolulu, Las Vegas and in 7 other locations
Westlake Village, CA, US (HQ)
3043 Townsgate Rd #200
Carson, CA, US
20500 Belshaw Ave
Honolulu, HI, US
55 Merchant St #1430
Las Vegas, NV, US
10550 W Charleston Blvd suite a
Moorpark, CA, US
6101 Condor Dr #200
Pasadena, CA, US
251 S Lake Ave #100
Show all (11)

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)

17.8m

Market capitalization (7-Jun-2021)

4.2b

Closing stock price (7-Jun-2021)

62.0

Cash (30-Jun-2018)

189.7m

EV

6.2b
PennyMac Financial Services's current market capitalization is $4.2 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

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

Revenue growth, %

28%38%31%

Sales and marketing expense

9.1m9.1m

R&D expense

9.2m15.4m25.2m35.3m52.0m
Quarterly
USDQ2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

110.8m87.2m105.5m130.4m196.4m189.2m143.4m207.8m291.4m204.5m201.7m250.6m238.2m244.3m

Sales and marketing expense

2.2m2.2m

R&D expense

2.0m2.6m2.8m3.7m6.5m6.7m6.8m7.7m9.7m11.4m11.6m13.9m14.6m15.2m

Operating expense total

2.0m2.6m2.8m3.7m6.5m6.7m6.8m7.7m9.7m11.4m11.6m13.9m16.8m17.4m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

30.6m76.3m105.5m99.4m37.7m

Accounts Receivable

Inventories

PP&E

9.8m11.3m16.3m29.5m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

50.0k38.5m56.4m37.4m70.8m77.3m82.0m74.7m47.4m116.6m143.7m94.7m72.8m76.0m67.7m137.9m189.7m

PP&E

8.0m8.5m11.2m11.5m11.8m14.1m23.9m27.9m29.1m31.6m31.4m30.0m30.2m29.6m

Total Assets

50.0k1.3b1.3b1.8b2.2b2.5b2.9b3.4b3.8b4.0b4.6b5.6b5.3b6.4b6.4b6.9b6.8b

Accounts Payable

54.3m53.4m49.8m70.4m62.7m86.9m84.4m85.5m87.0m102.3m106.7m108.5m132.1m122.7m113.0m114.0m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

172.2m196.3m247.6m337.0m311.5m

Depreciation and Amortization

824.0k1.4m2.4m5.8m8.4m

Accounts Payable

10.1m16.4m26.3m33.0m(41.4m)

Cash From Operating Activities

(98.4m)(579.0m)53.1m(938.5m)(883.6m)
Quarterly
USDQ2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

103.5m134.9m43.5m95.0m168.0m7.5m113.3m178.7m26.5m100.8m223.1m54.4m105.1m187.6m66.9m135.3m

Depreciation and Amortization

317.0k594.0k286.0k612.0k972.0k394.0k911.0k1.6m1.1m2.3m4.0m2.0m4.1m6.2m2.6m5.6m

Accounts Payable

16.0m17.1m3.3m24.0m6.0m4.2m(20.9m)(22.3m)3.7m(9.8m)(13.0m)(28.2m)(30.4m)(34.1m)4.7m5.3m

Cash From Operating Activities

(156.6m)(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
USDQ1, 2013

Financial Leverage

1 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$1.6 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: 74.6% from Loan Production, 22.9% from Loan Servicing and 2.6% from Other

PennyMac Financial Services Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

PennyMac Financial Services Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

PennyMac Financial Services Online and Social Media Presence

Embed Graph

PennyMac Financial Services Company Culture

  • Overall Culture

    C-

    69/100

  • CEO Rating

    C

    70/100

  • Compensation

    B

    78/100

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PennyMac Financial Services Blogs

Should I Use My Tax Refund to Pay Down My Mortgage?

Around 75% of Americans receive a tax refund every year, averaging about $3,000 per filer. We can all find ways to spend some extra cash, but how can you take full advantage of your refund? Depending on your financial situation, paying down your mortgage could be a great option. When It Makes …

With Rates at Record Lows, Affordability Grows for House Hunters

Have you been keeping a close eye on today’s housing market? If the answer is “yes,” then you’re well aware that interest rates are at historic lows. But if you’ve been holding off for just the right moment until home prices and financing options meet miraculously in your favor, there’s really no…

The REO Guide: 10 Steps to Buying a Bank-Owned Home

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. Some homebuyers are intimidated by foreclosed and bank-owned homes because they often require more renovations — …

Expert Home Security Tips and Tricks

Purchasing, updating, and decorating your home was a big investment. It is your family’s refuge and holds both treasured memories and valued possessions: in short, all things that you want to protect. We talked with several security experts to discover and share their top tips for home protection…

10 VA Loan Benefits You Need to Know in 2020

VA home loans have many well-known benefits, including low rates and the exciting combination of no down payment and no mortgage insurance. Lenders are able to offer veterans these excellent terms because VA home loans are backed by the U.S. Department of Veterans Affairs. In addition to m…

5 Key Property Features When House Hunting

When shopping for a home, many of us know our basic focal points, such as identifying the right neighborhood or finding a house with the ideal number of bedrooms and bathrooms. These factors are important, but there are other home features (some very large and some very small) that can greatly c…
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PennyMac Financial Services Frequently Asked Questions

  • When was PennyMac Financial Services founded?

    PennyMac Financial Services was founded in 2008.

  • Who are PennyMac Financial Services key executives?

    PennyMac Financial Services's key executives are John Bodrozic.

  • How many employees does PennyMac Financial Services have?

    PennyMac Financial Services has 4,215 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 $226.7 k.

  • Who are PennyMac Financial Services competitors?

    Competitors of PennyMac Financial Services include Fairway Independent Mortgage, Security Federal Bank and Timberland Bancorp.

  • 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, Carson, Honolulu, Las Vegas and in 7 other locations.

  • How many offices does PennyMac Financial Services have?

    PennyMac Financial Services has 11 offices.