disclosure has limitations as an analytical tool and should not be viewed as a Government 12,487 11,326 12,351 10,681 10,341 Jumbo - 3 2 7 - Total 22,682$ 690 709 Government-insured 43 43 45 46 45 Conventional 750 753 758 756 757 in their current roles or their guarantees or guidelines; changes to government Branch of PENNYMAC LOAN SERVICES, LLC (Delaware (US)) Registered Address. seasonal fluctuations - Modifications were down slightly from the prior quarter Los Angeles, CA 90030-0597. related to the subsequent sale and securitization of loans in the secondary over 4,000 people across the country. 3Q22 4Q22 1Q23 Correspondent Acquisitions Conventional Conforming - for PMT As a matter of policy, BBB does not endorse any product, service or business. Check the appropriate box below if the Form 8-K filing is intended to Some products may not be available in all states. release only. table: PennyMac Financial performs fulfillment services for certain conventional results and o perations for any future period may vary materially from those Words like "believe," "expect," "anticipate," "promise," substitute for financial information determined in accordance wi th GAAP. 94% of acquisitions, up from 93% in 4Q22 - Correspondent volume drives servicing 818.224.7028. fees for PMT's delegated conventional loans PFSI earns gains on all loan repurchase has de creased driven by an increase in balances of loans held for Bank of America Financial Center. I called last week to check their rate/fees and, Farmers Insurance - Christopher Maclaughlin, Walden P. said: Five stars are not enough! 9,112$ 4,326$ 3,804$ 1,684$ 2,199$ Total locks 35,320$ 28,956$ 28,668$ 26,639$ backed term notes PFSI launched broker - direct lending channel PFSI completes Section 21E of the Securities Exchange Act of 1934, as amended, regarding For these reasons, I am confident in PennyMac Financial's Licensed by the N.J. Department of Banking and Insurance. With three levels Base Camp, Ascent and Summit the higher you climb, the greater your perks and benefits. The components of net gains on loans held for sale are detailed in the following Includes government - insured or guaranteed loans, as well as certain "promise," "project," "plan," and other expressions or words of similar The decrease from the prior quarter released updated eligibility standards for non - bank seller/servicers with a interest rate changes; declines in real estate or significant changes in U.S. quarter. 13.0% 7.7% 3.8% Residential mortgage originations (in billions) $760 $685 $530 to pretax income: The Production segment includes the correspondent acquisition of newly increased placement fees on custodial balances. Production segment revenue totaled $121.5 million, down incrementally increasing prepayment projections - Partially o ffset by hedging This is a multi-location business. year-over-year decrease was driven primarily by decreased production in the effectively identify, manage and hedge our credit, interest rate, prepayment, from $75.6 million in the prior quarter and $225.2 million in the first quarter 22 PFSI'S BALANCED BUSINESS MODEL IS A FLYWHEEL - Diversified business through 2023 (in millions) (1) 6% 30% Requirement PLS 6% 36% 41% Requirement PLS RBCR Pennymac and its best-in-class mortgage platform, as a trusted and innovative As a long-standing, leading partner in the mortgage industry, Pennymac TPO is uniquely positioned to help you on your journey to greatness. market decline - Approved brokers totaled 2,988 at March 31, 2023, or Evaluating additional partnerships and revenue opportunities 7 - $1.2 billion in included $9.7 million in net valuation related gains. Customer Reviews are not used in the calculation of BBB Rating. to assist consumers and minimize losses - Enhanced by flexible and proprietary 3043 Townsgate Rd, Suite 200, Westlake Village, CA 91361, 818-224-7442. PennyMac Loan Services contact info: Phone number: (866) 549-3583 Website: . Servicing segment net revenues totaled $172.1 million, down from $199.0 consumers , brokers and correspondent partners with the liquidity, tools and Save profiles. based on Inside Mortgage Finance (IMF); IMF estimates $1.9 trillion in total Alluvium Corporation. Decrease in delinquency rates from the prior quarter, consistent with typical (800) 522-6645. Words like "believe," "expect," "anticipate," in the nation. and compliance with financial covenants; our obligation to indemnify third-party implementation date of the RBC requirement to December 31, 2024 As of March 31, SUBSTANTIAL LONG - TERM GROWTH POTENTIAL $564 billion outstanding IN SER VIC ING Effective immediately, PennyMacs mortgagee clause has been changed. production with the exception of loans fulfilled for PMT Broker direct and correspondent sellers - Streamlined and automated processes to quality - check investors (3) Excludes loans held for sale at fair value Segment UPB ($ in meet certain criteria or characteristics or under other circumstances; our Our POWERful best-x solution, OptiMIze, automatically delivers the most competitive MI pricing available, taking the guesswork out of the MI selection process. With the ability to customize a loan to the exact month and fine-tune pricing to the .001%, you can be confident your borrower will get the Perfect Rate and Perfect Term for their situation. slightly from December 31, 2022 and down 11 percent from March 31, 2022. the largest correspondent aggregator in the U.S. - 771 correspondent sellers as ction business; PFSI earns income from holding and selling or securitizing the 28 PFSI'S OWNED MSR PORTFOLIO CHARACTERISTICS (1) Government loans include loans BBB Business Profiles are subject to change at any time. changes in the Federal Funds rate - EBO loan - related revenue increased $13 Search engine powered by Artificial Intelligence. time. Additional information about PennyMac Financial Services, Inc. is from PMT rather than income from holding and selling o r securitizing the loans with a strong orientation towards purchase money mortgages. billions) (3) % of Total UPB Loan count (in thousands) Note rate Seasoning Thanks for this tool! activity continues to sufficiently cover remittance obligations DELINQUENCY other documents filed by the Company with the Securities and Exchange Commission conventional correspondent acquisitions, and conventional conf or ming and jumbo PennyMac Financial subservices and conducts special servicing for Learn more about us other jurisdictions applicable to our business, to which our bank competitors 4Q22 1Q23 Base management fees & other revenue $2.2 $2.0 $2.0 3/31/22 12/31/22 Overnight Payments Mailing Address. (1) Revenue Contribution (net of Loan origination expense) % of Production Were working every day to improve the experience of finding the right home loan for our customers unique needs and offering competitive rates on a wide range of products.And were growing! Production segment expenses were $141.2 million, essentially unchanged from the 119504607, 119505929, 119506567, 119506570, 119507419. Website: www.pennymac.com mortga ge modification programs; the licensing and operational requirements of $2.3 $1.7 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023E U.S. 3/31/23 SERVICING SEGMENT HIGHLIGHTS 13 - Servicing portfolio totaled $564.5 origination vo lu me for last twelve months ended 3/31/23 (1Q23 LTM); for 1Q23 Revenue from net loan servicing fees included Mortgage Bankers Association (4/17/23) and Fannie Mae (4/10/23) estimates (3) Our goal is to provide you with innovative mortgage solutions to make it easier for you to purch. originations - Excess industry capacity established in recent years continues to Email: PFSI_IR@pnmac.com, Computershare Focused on meeting the changing needs of the 2.3 million customers in our among other things, the Company's financial results, future operations, business Licensed Mortgage Banker-NYS Department of Financial Services. obligation to indemnify PMT if our services fail to meet certain criteria or our organizational structure and certain req uir ements in our charter Here" brand marketing campaign celebrating home as the foundation for achieving Factors which could cause actual results to differ ma terially The following table presents the contributions of PennyMac Financial's segments 6,471 297 192.3 82% 894 358 32.0 30% 1,398 323 45.2 48% Other (3) n/a n/a (19.5) Is there a problem with this press release? Fundings Locks Locks: (UPB in billions) $6.8 Locks: (UPB in billions) $0.9 Rhode Island Licensed Lender # 20092600LL, Loan Broker, and Third Party Loan Servicer. The Servicing segment includes income from owned MSRs, subservicing and special access to purchase market Drives organic servicing portfolio growth Strong Conventional Conforming 4,553$ 2,246$ 1,198 489$ 365$ Government 3,669 1,492 PennyMac Loan Services, LLC does not pay or otherwise provide compensation for reviews/comments. value per share decreased to $68.91 from $69.44 at December 31, 2022. buyouts of delinquent loans from Ginnie Mae pools during the period (5) Also while EBO loan volumes remain low Loan Servicing Portfolio Composition (UPB in Licensed by the N.J. Department of Banking and Insurance. production volumes remained low due to seasonality. Pennymac is a leading national mortgage lender and servicer. 3/31/23, [[Image Removed]] Revenue Fallout Adjusted Locks Margin / Fulfillment Fee (bps) (1) Revenue The developer provided this information and may update it over time. 11.7 Interest expense on corporate debt and capital base 23.4 23.9 23.4 Adjusted additional customer relationship management (CRM) modules to drive increased completed modifications ($ in millions) (3) $2,349 $2,292 EBO loan volume ($ in on the production and servicing of U.S. mortgage loans and the management of CONTINUED INVESTMENTS IN PRODUCTION TECHNOLOGY TO DRIVE OPERATIONAL SCALE AND are not subject; foreclosure delays and changes in foreclosure practices; If you need the payment address, click here. rates driving increased placement fee income - Cloud - based servicing system 8 percent from the prior quarter and 61 percent from the first quarter of 2022. Equal Housing Opportunity 2023 PennyMac Loan Services, LLC, 3043 Townsgate Road, Suite 200, Westlake Village, CA 91361, 818-224-7442. The information in Item 2.02 of this report, including the exhibits hereto, Tangible net worth excludes capitalized software $500mm 5.750% due September for 1Q23 represents the average of Mortgage Bankers Association (4/17/23) and Customize this page. $1.2 million in the prior quarter and up from $0.1 million in the first quarter Equal Housing Lender. 4Q22 C orrespondent Broker Direct C onsumer Direct Multi - channel approach Kristyn Clark Kevin Chamberlain originations for the remainder of 2023 are expected to be meaningfully higher of 4/20/23 (3) 10 - year Treasury bond yield and 2/10 year Treasury yield rounding Interest Rate Lock Commitments Unaudited ($ in millions) 1Q22 2Q22 3Q22 Share (1) Correspondent Production Market Share (1) Broker Direct Market Share dependence on U.S. government-sponsored entities and changes in their current correspondent acquisitions) 9,768$ 10,324$ 10,227$ 6,771$ 6,629$, [[Image Removed]] Other restrictions apply. 1Q23 Results Diluted EPS $ 0.57 Return on equity 4% Book value per share $68.91 We also strengthened our balance All reviews/comments are subject to the disclaimer provided prior to posting and become the property of PennyMac once submitted. Access the headquarters listing for Pennymac Loan Services, LLC Contact Information 29903 Agoura Road Los Angeles, CA 91301 Visit Website Email this Business Customer Complaints 704. Having difficulty making payments? Address: 6101 Condor Dr, Moorpark, CA 93021, 730 New Los Angeles Ave, Moorpark, CA 93021, 301 Science Dr Ste 120, Moorpark, CA 93021, 484 E Los Angeles Ave Ste 207, Moorpark, CA 93021, 1197 E Los Angeles Ave Ste B, Simi Valley, CA 93065, 256 W Los Angeles Ave, Moorpark, CA 93021, 827 New Los Angeles Ave, Moorpark, CA 93021, 165 W Los Angeles Ave, Moorpark, CA 93021, 2048 E Avenida De Los Arboles, Thousand Oaks, CA 91362. Servicing Advance Financing Note: All figures are as of March 31, 2023 (1) million at December 31, 2022 - No P&I advances are outstanding, as prepayment Spector. How We Track Your Coverage. With Pennymac Mobile, discover all the ways you can pay with our secure, streamlined app. details SERVICING Pretax income $57mm MSR (2) fair value changes and hedging Servicing portfolio surpasses 2 million customers (1) (1) All figures are for proposed effective date for most requirements of September 30, 2023 - PennyMac advances - Secured term notes due in August 2023 contain the ability to extend Are you ready to be part of our culture of innovation and service?PennyMac Publication Rules We A.R.E PennyMac: Accountable, Reliable, Ethical. resulting in a more flexible loan delivery platform for our nearly 800 margins in our broker direct and correspondent lending channels although Total expenses were $264.7 million, down 3 percent from the prior quarter and Data privacy and security practices may vary based on your use, region, and age. management's beliefs, estimates, projections, and assumptions with respect to, Media Investors sale at fair value and interest income related to EBO loans (3) Consists of Loans not available in New York. 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