PennyMac Broker Direct changes its name to Pennymac TPO, reinforcing its commitment to the wholesale channel


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New identity debuts alongside company-wide rebranding effort

WESTLAKE VILLAGE, Calif .– (BUSINESS WIRE) – PennyMac Financial Services, Inc. (NYSE: PFSI) (Pennymac) announced today that it is changing the name of its direct brokerage division to Pennymac TPO. As part of this rebranding, Pennymac TPO will invest heavily in its people, technology, products and services to enable Pennymac partners to achieve their business goals and aspirations.

“It’s more than just a name change – it’s a field issue for our partners,” said Kim Nichols, Senior Managing Director of Pennymac TPO. “We are strengthening our commitment to this channel to help all of our non-delegated Brokers and Correspondent Partners find new ways to grow their businesses by extending the expertise, resources and power that make us strong. ”

As one of the few wholesale lenders to permanently invest in servicing lending, Pennymac TPO will continue to maintain the service, meaning partners can expect top-notch service for their clients for the entire life of each loan.

Earlier today, Pennymac showcased its new brand identity across all platforms, including an updated website, social media channels, advertising campaigns and consumer communications. In addition to the new branding and name change, Pennymac will soon launch POWER +, a next-generation technology platform that gives brokers more speed, control and access to expert advice, guidance and a real-time engagement that allows them to deliver a great experience to their customers and reference partners.

Founded in 2008, Pennymac is the # 1 correspondent aggregator, # 2 global lender, # 6 wholesale lender in the country and was recently ranked # 4 on Fortune Magazinethe annual list of the fastest growing companies. Pennymac has entered the broker / wholesaler channel by offering competitively priced solutions in several categories including FHA, VA and conventional.

Pennymac TPO has a well-deserved reputation for employing some of the best and brightest minds in the wholesale industry and providing top-notch advice and unmatched service to customers. From start to finish, Pennymac is committed to reaffirming trust and quality in the home loan experience.

To learn more about Pennymac TPO, visit: TPO.PENNYMAC.COM

About PennyMac Financial Services, Inc.

PennyMac Financial Services, Inc. is a specialty financial services firm focused on the production and management of US mortgages and the management of investments related to the US mortgage market. Founded in 2008, the company is recognized as a leader in the US residential mortgage industry and employs approximately 7,300 people across the country. For the twelve months ended September 30, 2021, the production of newly issued loans by PennyMac Financial totaled $ 257 billion in outstanding principal balance, making it the second largest mortgage lender in the country. As of September 30, 2021, PennyMac Financial was managing loans totaling $ 495 billion in outstanding principal balance, making it one of the top ten mortgage services in the country. Additional information about PennyMac Financial Services, Inc. is available at ir.pennymacfinancial.com.

Forward-looking statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, concerning the opinions, estimates, projections and assumptions of management concerning, among others, PennyMac Financial Services, Inc. ‘ Future growth, business plans and investments of s and its affiliates, as well as industry and market conditions, all of which are subject to change. Factors that could cause actual results to differ materially from historical or anticipated results include, without limitation, risks identified in periodic reports of PennyMac Financial Services, Inc. and other documents filed with the Securities and Exchange Commission. . You should not place undue reliance on forward-looking statements and should take into account all the uncertainties and risks described above, as well as those discussed in more detail in reports and other documents filed by PennyMac Financial Services, Inc. with the Securities and Exchange Commission. sometimes. PennyMac Financial Services, Inc. assumes no obligation to publicly update or revise any forward-looking statements or any other information contained in this document, and the statements made in this press release are current as of the date of this release. uniquely.

Media

Kristyn clark

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(805) 395-9943

Investors

Kevin chamberlain

Isaac Garden

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(818) 224-7028

Source: PennyMac Financial Services, Inc.

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