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
HQWestlake Village, US
Founded2008
Size (employees)3,323 (est)+8%
Websitepennymacusa.com
PennyMac Financial Services was founded in 2008 and is headquartered in Westlake Village, US
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PennyMac Financial Services Office Locations

PennyMac Financial Services has offices in Westlake Village, Fort Worth, Henderson, Eagan and in 5 other locations
Westlake Village, (HQ)
3043 Townsgate Rd, Suite 200
Eagan,
860 Blue Gentian Rd
Fort Worth,
14800 Trinity Blvd
Henderson,
160 2285 Corporate Cir
Honolulu,
1430 55 Merchant St
Moorpark,
200 6101 Condor Dr
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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 (12-Dec-2018)

559.1m

Closing stock price (12-Dec-2018)

22.2

Cash (30-Jun-2018)

189.7m

EV

2.7b
PennyMac Financial Services's current market capitalization is $559.1 m.
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

4.4 x

Debt/Equity

1.2 x

Debt/Assets

0.3 x

Financial Leverage

3.7 x
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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
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PennyMac Financial Services Revenue Breakdown

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

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PennyMac Financial Services Online and Social Media Presence

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PennyMac Financial Services Blogs

10 New Year’s Renovation Resolutions

Most new year’s resolutions include staying fit and healthy, losing weight, spending less and saving more. We spoke with Tom Kraeutler, the nationally syndicated radio host of The Money Pit Home Improvement Radio Show to discover New Year’s resolutions you can make that will help keep your house …

5 Expert Real Estate Marketing Tips

Real estate, like many other industries, has been fundamentally changed by recent technology, and real estate marketing strategies have been equally impacted. New platforms and products can help you sell homes in new ways, but that does not mean that all traditional real estate marketing ideas are …

Understanding Assumable Mortgages

In a typical home buying scenario, the purchaser works with a lender to obtain financing for their dream home. But this isn’t for everyone. Assumable mortgages can save you plenty of time and money during the buying process and beyond! What Are Assumable Mortgages? An assumable mortgage is a …

Should I Lock My Mortgage Rate?

When you’re buying a house, you have more to consider than just which property to purchase. You need to learn about the mortgage process, including if and when you should apply for a rate lock. What Is a Mortgage Rate Lock? A rate lock, also referred to as a locked-in rate, is a guarantee fro…

How Refinancing Affects Real Estate Taxes

When you refinance your home, the process is similar to the one you followed when obtaining your original mortgage. Your finances will be verified and calculated, and your home will be appraised to determine its value to your potential lender. As a result of a refinance, it’s common for your mont…

PITI: Understanding Your Mortgage Payments

Buying a home can be one of the most rewarding investments you will ever make. However, it can also be one of the most costly. Estimating your monthly mortgage payment well in advance of purchasing can help you make smart decisions with your budget. Many prospective buyers find it valuable to c…
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PennyMac Financial Services Company Life and Culture

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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 3,323 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 $287.5 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, Suite 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.