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PennyMac

HW Tech100

A specialty financial services firm with a comprehensive mortgage platform and integrated business

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Since 2008, PennyMac has built trust and quality in the home loan experience from beginning to end. Now as the nation’s top two lender, sixth largest home loan servicer and ranked fourth on Fortune’s 2021 Fastest Growing Companies list, the company is continuing to disrupt the mortgage industry with a suite of custom technical solutions. These solutions provide competitive advantages across our business channels, including, but not limited to loan acquisition, pricing, production, financing, servicing and securitization. PennyMac, pairs  nationally disbursed, diverse teams of industry-leading mortgage professionals with smart, passionate Engineers to drive both innovation and success. Staying current and enhancing today’s modern technologies allows us to provide world-class solutions for our customers and associates and to empower best-in-class customer experiences. This enables our Tech and Product teams to have fun, be inventive, find creative solutions, and invest their time and energy into projects that will make a societal difference within the Fintech landscape.

  • Utilized the P3 system, launched in Q3 2020, to process over $142 billion in correspondent lock volume through Q3 ‘21.
  • Servicing SSE platform supported 23% year-over-year growth through Q3 2021 to $495.4 billion while undergoing significant capability expansion to enhance Covid forbearance offerings and customer service.
  • Grown from a start-up in 2008 to the nation’s second-largest lender, ranking number one in correspondent lending, twelfth in consumer direct lending, seventh in broker direct lending and sixth in servicing.

Company Website:

https://www.pennymac.com/

Markets Served:

Loan Origination

Company HQ:

Westlake Village, CA

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

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