HW Tech100

Pennymac Tech 100 Mortgage

The vision for Pennymac was to create a mortgage bank that would become one of the most respected and trusted in the industry. As the company’s 15-year anniversary approaches, Pennymac can say that it has built an organization that helps Americans achieve and sustain their aspirations of homeownership. Pennymac relies heavily on its people, processes and technologies, and it continues to disrupt the mortgage industry with a suite of custom technical solutions and systems. These solutions, paired with an innovative and passionate team, provide competitive advantages across our business channels, including, but not limited to loan acquisition, pricing, production, financing, servicing and securitization.

Pennymac utilized the P3 system — an omnichannel originator and aggregator portal that launched in Q3 2020 — to process over $213 billion in correspondent lock volume through 2022. By integrating with a proprietary loan bidding system, this technology improves processing speed and scalability while providing an enhanced experience for clients.

Company Website:

Markets Served:

Loan Origination, Servicing, Secondary

Company HQ:

Westlake Village, CA

3d rendering of a row of luxury townhouses along a street

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