PennyMac Financial Services, Inc.
Close on Oct 19, 2026
- Market cap
- $3.15B
- P/E (TTM)
- 8.1
- Dividend yield
- 2.03%
About PennyMac Financial Services
Mortgage Bankers & Loan Correspondents, SIC 6162
PennyMac Financial Services, Inc. is a financial services firm specializing in the production and servicing of residential mortgage loans in the United States, alongside mortgage investment management. The company operates through two main segments: production and servicing. The production segment originates, acquires, and sells conventional and government-insured residential mortgages via correspondent sellers, independent brokers, and direct consumer channels. The servicing segment administers mortgage portfolios, subservicing contracts, and buyout activities for owned loans, external investors, and affiliated investment vehicles. Its clientele includes home loan borrowers, mortgage brokers, correspondent lenders, and government-sponsored housing agencies.
Geographically, the company originates loans across all fifty U.S. states and the District of Columbia. It services mortgages in all fifty states, the District of Columbia, Puerto Rico, Guam, and the U.S. Virgin Islands. PennyMac conducts its direct lending through internet and call center operations rather than brick-and-mortar branches. The provided text does not mention the location of its corporate headquarters.
Summary of the business section of PennyMac Financial Services's latest annual report, written by StockData.
Company profile
Company
- Legal name
- PennyMac Financial Services, Inc.
- Headquarters
- Westlake Village, CA
- Address
- 3043 Townsgate Road 91361
- Phone
- (818) 224-7442
- Website
- pennymacfinancial.com
- Employees
- 4,215, Dec 31, 2019
- Industry
- Mortgage Bankers & Loan Correspondents
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, Los Angeles, California
Stock & identifiers
- Ticker
- PFSI
- Exchange
- NYSE
- IPO date
- May 9, 2013
- Shares outstanding
- 52M, Jul 31, 2026
- Public float
- $2.88B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1745916
- CUSIP
- 70932M107
- ISIN
- US70932M1071
- LEI
- 549300W1D516HBDEU871
- EIN
- 83-1098934
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| David Spector | Chairman & CEO, Director | 540,005 |
| Doug Jones | Director, President & CMBO | 454,425 |
| Gregory L. Hendry | MD, Chief Accounting Officer | 51,145 |
| Daniel Stanley Perotti | Chief Financial Officer | 226,326 |
| Marshall Sebring | Chief Investment Officer | 4,215 |
| Shiva Iyer | Chief Enterprise Risk Officer | 14,671 |
| Derek Stark | Chief Legal Officer | 20,944 |
| Mark Elbaum | Chief Capital Markets Officer | 5,333 |
| Abbie Tidmore | Chief Revenue Officer | 8,656 |
| James Follette | Chief Digital Officer | 11,734 |
| Donald J. White | Chief Risk Officer | 11,637 |
| Steven Richard Bailey | Chief Servicing Officer | 16,389 |
| Sunil Chandra | Director | 5,148 |
| Farhad Nanji | Director | 4,720,008 |
| Tiffany To | Director | 1,502 |
| Joseph F. Mazzella | Director | 246,936 |
| Theodore W. Tozer | Director | 26,998 |
| Jeffrey A. Perlowitz | Director | 20,302 |
| Lisa M. Shalett | Director | 13,105 |
| Patrick Kinsella | Director | 34,210 |
| Anne McCallion | Director | 158,466 |
| Jonathon S. Jacobson | Director | 10,579 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr. Spector | $12.66M | $17.75M | $4.22M | $213 | $198 |
| FY2024 Mr. Spector | $10.60M | $9.64M | $3.67M | $164 | $153 |
| FY2023 Mr. Spector | $7.26M | $14.53M | $2.63M | $140 | $140 |
| FY2022 Mr. Spector | $9.67M | $6.52M | $3.45M | $89 | $96 |
| FY2021 Mr. Spector | $13.58M | $17.26M | $5.47M | $108 | $117 |
| FY2020 Mr. Spector | $12.38M | $20.80M | $4.89M | $195 | $86 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2019, we, through a subsidiary, had 4,215 employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Oct 30, 2018 | Name change | Name changed from New PennyMac Financial Services, Inc. to PennyMac Financial Services, Inc. |
| Aug 2, 2018 | Merger | Registration of securities for a merger or exchange offer (S-4) |