PennyMac Financial Services, Inc.

PennyMac Financial Services originates and services residential mortgages in the United States. On the origination side, they help borrowers get mortgages by working directly with consumers and through partnerships with mortgage brokers and banks. On the servicing side, they handle the administrative work after a mortgage closes, collecting monthly payments from borrowers, holding money for property taxes and insurance, and working with borrowers who fall behind on payments. The company was founded in 2008.