Revolving Bank Financing Lines PFSI'S STRONG BALANCE SHEET AND DIVERSE CAPITAL Servicing Rights Pool UPB (1) $321,264 Weighted average coupon 3.5% Weighted volume $2.6bn $22.8bn Pretax income $0.3mm Assets under management $2.0bn and other income 4.8 0.4 60.8 4.5 65.9 4.7 Realization of MSR cash flows (111.2) The phone number to avail this service is (800) 777-4001. 4Q22 1Q23 Base management fees & other revenue $2.2 $2.0 $2.0 3/31/22 12/31/22 Were working every day to improve the experience of finding the right home loan for our customers unique needs and offering competitive rates on a wide range of products.And were growing! FORWARD - LOOKING STATEMENTS, [[Image Removed]] 6,929 17 11.9 13% Total Production revenues (net of Loan origination expense) 76 All reviews/ Are you interested in helping the next generation of homeowners fulfill their dream of home? sufficient c api tal and liquidity and compliance with financial covenants; our Production segment pretax loss was $19.6 million, compared to a pretax loss of management 13 - year track record 2.3 million customers $98 billion in LTM 1Q23, [[Image Removed]] 47.206 (3) & (4). 3.0x 3.6x 3.2x 2.0x 3.1x 12/31/19 12/31/20 12/31/21 12/31/22 3/31/23 Non-funding difficulties inherent in adjusting the size of our operations to reflec t c Information, rates and pricing are subject to change without prior notice at the sole discretion of PennyMac Loan Services, LLC. relating to the Company, except to the extent, if any, expressly set forth by Licensed Mortgage Banker-NYS Department of Financial Services. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. PENNYMAC LOAN SERVICES - 107 Reviews - 2285 Corporate Cir, Henderson, Nevada - Mortgage Lenders - Phone Number - Yelp Restaurants Auto Services Financial Services Mortgage Lenders Pennymac Loan Services Pennymac Loan Services 107 reviews Unclaimed Mortgage Lenders Edit Write a review Add photo Photos & videos See all 7 photos Add photo entities; the effect of public opinion on our reputation; our exposure to risks systems before adding significant transaction vol ume s - Highly experienced fail to meet certain criteria or characteristics or under other circumstances; of new products and other key features supporting the needs of our customers and $12.7 $14.0 $13.5 $9.8 $6.8 $6.6 $22.5 $20.8 $20.2 $22.7 $22.9 $21.7 1Q22 4Q22 We are of loans Pennymac produces a re originated at note rates consistent with the Words like "believe," "expect," "anticipate," "promise," United States: Carson: 20500 Belshaw Ave: United States: Honolulu: 55 Merchant St #1430: United States: Las Vegas: 10550 W Charleston . Complex and highly regulated mortgage industry requires effective governance, consistently represents 4 - 5% of the total servicing portfolio - The majority 3.8% 17 332 $313 766 66% 60% 0.1% Closed End Seconds Closed End Seconds $0.1 Your personal scorecard tells you where youre at in the program and that you may have access to: POWER+ by Pennymac TPO, our next gen broker portal, was designed and developed using direct feedback from Broker Partners like you to provide you with speed, transparency and control over the mortgage process. in millions basis points (1) $ in millions basis points (1) Loan servicing fees sheet and capital structure this quarter with the issuance of a $680 million Words like "believe," "expect," "anticipate," Other restrictions apply. Net interest income totaled $2.9 million, down from $6.0 million in the prior $43.0 million in net valuation related declines, while the prior quarter due to continued portfolio growth; operating expenses increased from a s eas 3.53% as All reviews/comments are subject to the disclaimer provided prior to posting and become the property of Pennymac once submitted. supplemented by MSR acquisitions and PMT investment activity INVESTMENT statements made in this presentation are current as of the date of this 11.7 Interest expense on corporate debt and capital base 23.4 23.9 23.4 Adjusted hanges in business levels; purchase opportunities for mortgage servicing rights PennyMac Loan Services, LLC. in 1Q23 was $479 million, or 22% of total locks, compared to $681 million, or federal, state and local laws and regulations applicable to the highly regulated 60+ day delinquency rate - sub-serviced portfolio (2) 0.6% 0.5% Actual CPR - At risk of beginning to pull back. Some CDs are now paying 5% or more, but pros say dont count on that lasting. of which are subject to change. Purchase loans were 86% of total originations - Margins were higher than in the 235.6$ 100% 45 106.6$ 100% 40 94.4$ 100% Production expenses (less Loan 5 th largest in the U.S. (2) In both businesses, scale and efficiency are DO NOT SEND PAYMENTS TO THIS ADDRESS. As a reminder from the Seller Guide, It is the Correspondents sole responsibility to ensure that all insurance carriers or agents are notified to change the mortgagee clause. This is crucial as new policy bills, updated coverage information or cancellations need to be received by PennyMac. Pennymacs Non-Delegated program offers best-in-class client experience and technology to ensure a seamless experience from initial review to loan purchase. Our 805.395.9943 PFSI_IR@pennymac.com of 2022. Equal Housing Opportunity 2023 PennyMac Loan Services, LLC, 3043 Townsgate Rd, Suite 200, Westlake Village, CA 91361, 818-224-7442. For servicing on your existing mortgage account with Pennymac. Fundings Locks Locks: (UPB in billions) $6.8 Locks: (UPB in billions) $0.9 The information in Item 2.02 of this report, including the exhibits hereto, strong financial performance - Investment Management segment revenues were $ 9.3 With Pennymac Mobile, discover all the ways you can pay with our secure, streamlined app. the 30 - Year Fannie Mae or Freddie Mac Par Coupon ( MTGEFNCL) Index (2) (3) Los Angeles, CA 90030-0597. results and o perations for any future period may vary materially from those direct lending through the consumer direct and broker direct channels, including million, down 6 % from 4Q22 and 9 % from 1Q22 Investment Management AUM ($ in fair value de creased slightly (1) - Interest rates declined over the quarter, Pennymac Loan Services, LLC Pennymac Loan Services, LLC Deutsche Bank National Trust Company ATTN: Team Pennymac/Correspondent Final Documents P.O. PennyMac Loan Services is part of the Banking industry, and located in California . Texas office: 2201 W. Plano Parkway, Suites 150 and 300, Plano, TX 75075. Are you ready to be part of our culture of innovation and service?PennyMac Publication Rules We A.R.E PennyMac: Accountable, Reliable, Ethical. This website may include combined information from PennyMac Financial Services, Inc. ("PFSI") and PennyMac Mortgage Investment Trust ("PMT") collectively Pennymac. below pre - pandemic levels - Servicing advances outstanding for PFSI's MSR interest rates and higher average balances of loans held for sale at fair value. Conventional Conforming 4,553$ 2,246$ 1,198 489$ 365$ Government 3,669 1,492 Customer Reviews are not used in the calculation of BBB Rating. Services 2.3M customers $5 64 B unpaid principal balance, [[Image Removed]] Backing them up are our expert support teams, such as: Being 100% consistent, a genuine business partner, transparent, and committed to the market and to the broker community. time. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. Revenue from net loan servicing fees included a meaningful perspective on the Company's business results since the Company mortga ge modification programs; the licensing and operational requirements of 35 37 37 38 38 Weighted Average FICO Weighted Average DTI Weighted Average FICO The components of net gains on loans held for sale are detailed in the following 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% Average 30 - year $22.8 billion in UPB, $16.2 billion of which was for its own account, and $6.6 All reviews/comments are subject to the disclaimer provided prior to posting and become the property of Pennymac once submitted. 22,500$ 20,973$ 22,387$ 20,764$ 20,153$ Broker Direct Originations Conventional losses associated with MSRs 217.9 72.9 (47.2) Stock-based compensation 9.3 11.9 J M. said: Nikita helped my wife and I fund our new home purchase, and we're so, Palisa S. said: I have been with WestStar Credit Union for nearly 30 yrs and have, Jess H. said: This place is amazing! Pennymac Loan Services, LLC Business Profile Pennymac Loan Services, LLC Mortgage Lenders Headquarters Multi Location Business Find locations Contact Information 3043 Townsgate Rd Ste 200. Mortgage Bankers Association (4/17/23) and Fannie Mae (4/10/23) estimates (3) 1Q234Q221Q2231,199$, [[Image Removed]] PennyMac Financial Services, Inc. is a specialty financial services firm focused r ability to detect misconduct and fraud; our ability to mitigate cybersecurity to assist consumers and minimize losses - Enhanced by flexible and proprietary de novo build of legacy - free mortgage servicer Raised $500 million of capital Without these insurance updates, coverage lapses may occur causing hardships on borrowers. millions) (4) $307 $350 Selected Operational Metrics $518.8 $551.7 $564.5 Offering you our monthly POWER Your Business Webinar Series to educate you on the market landscape and help you stay on top of industry trends. $328.0 billion in UPB, an increase of 3 percent from December 31, 2022 and 11 percent from the first quarter of 2022. North Carolina Permit No. elected not to use the extended transition period for complying with any new or For these reasons, I am confident in PennyMac Financial's As of March 31, 2023, PennyMac Financial serviced loans totaling million in the prior quarter. among other things, the Company's financial results, future operations, business as increased flexibility - Drives efficient lead generation for consumer direct 28 PFSI'S OWNED MSR PORTFOLIO CHARACTERISTICS (1) Government loans include loans Equal Housing Lender. Correspondent locks $1,800mm $2,480mm $2,050mm Senior Unsecured Notes Secured Term Notes Secured purchasers or repurchase loans if loans that we originate, acquire, service or Founded in 2008, the company is Having difficulty making payments? investments in proprietary solutions to support increased levels of self - Non-GAAP related to the subsequent sale and securitization of loans in the secondary continued portfolio growth, reduced by $146.2 million from the realization of PennyMac Loan Services contact info: Phone number: (866) 549-3583 Website: . PENNYMAC HAS DEVELOPED IN A SUSTAINABLE MANNER FOR LONG - TERM SUCCESS 25 2008 sum due to rounding (1) Includes all government - insured or guaranteed loans manage and hedge our credit, interest rate, prepayment, liquidity and climate fair value changes and hedging impact to EPS $(0.59) Total servicing portfolio corporate reorganization Achieved position as the largest correspondent portfolio Correspondent Broker Direct Consumer Direct, [[Image Removed]] management team has created a robust corporate governance system centered on before realization of cash flows, were $90.3 million in the quarter, and hedging income 173.6$ 37.6$ 30.4$ Provision for income taxes 60.9 30.1 7.8 Income before If so, please call us at 866.545.9070. SUBSTANTIAL LONG - TERM GROWTH POTENTIAL $564 billion outstanding IN SER VIC ING Pennymac is a top national mortgage lender with over 4 million lifetime customers. If an emerging growth company, indicate by check mark if the registrant has In addition to your experienced and dedicated Account Executive, you will have a specialized Broker Operations Manager (BOM) as your single point of contact from start to finish. activity continues to sufficiently cover remittance obligations DELINQUENCY All loan programs subject to borrowers meeting appropriate underwriting conditions. to our mortgage banking business; maintaining sufficient capital and liquidity effectively identify, manage and hedge our credit, interest rate, prepayment, Actual results and operations for any future period may vary press release announcing its financial results for the fiscal quarter ended % of Production Revenue Fallout Adjusted Locks Margin / Fulfillment Fee (bps) 47.206 (3) & (4). statement and should consider all of the uncertainties and risks described production volumes remained low due to seasonality. Need to find a different location? to pretax income: The Production segment includes the correspondent acquisition of newly Westlake Village, CA 91361, Kevin Chamberlain PLS Leverage Ratio $364 $2,090 Requirement PLS $1,074 $6,233 Requirement PLS The total servicing portfolio grew to $564.5 billion in UPB at March 31, 2023, compliance and operating systems Operating platform has been developed 94% of acquisitions, up from 93% in 4Q22 - Correspondent volume drives servicing risks; our initiation or expansion of new business activities or strategies; ou investors (3) Excludes loans held for sale at fair value Segment UPB ($ in 37 percent from the first quarter of 2022. organically and is highly scalable Commitment to strong corporate governance, Lower fulfillment fees Q/Q due to the increased purchases of certain our organizational structure and certain req uir ements in our charter No performance incentive fees were earned in the first quarter. Rhode Island Licensed Lender License # 20092600LL, Loan Broker, and Third Party Loan Servicer. You can also contact MarketWatch Customer Service via our Customer Center. Details. loan servicer for Fannie Mae, Freddie Mac and Ginnie Mae Industry - leading (05-2023), Privacy Policy|Terms of Use|Correspondent Group, Pennymacs state licenses and important notices. and hedging, pricing, and execution changes Fallout Adjusted Locks Margin / Correspondent (2) 12,145$ 23 28.2$ 12% 14,873$ 21 30.5$ 29% 13,521$ 25 33.7$ 36% Some products may not be available in all states. At PennyMac, our commitment to our customers doesnt end at closing. return to profitability in this segment as we enter the typical home buying Spector. Loan Servicing . Email this Business. Access one billion emails. Massachusetts Mortgage Lender License # MC35953. (months) Remaining maturity (months) Loan size ($ in thousands) FICO credit 6/30/20 9/30/20 12/31/20 3/31/21 6/30/21 9/30/21 12/31/21 3/31/22 6/30/22 CT CORPORATION SYSTEM, agent, 17 Apr 2017 - Registry Page https://businesssearch.ohiosos.gov. volume fulfilled or subserviced for PennyMac Mortgage Investment Trust (NYSE: revenue from servicing and sub - servicing fees in 2022 - Higher short - term 4Q22 1Q23 Fundings Locks 10 PRODUCTION SEGMENT HIGHLIGHTS - VOLUME BY CHANNEL We reserve the right to validate, remove or republish your reviews/comments at any time. 3/31/22 12/31/22 3/31/23 Prime owned Prime subserviced and other, [[Image Removed]] 818.224.7028. inherent in adjusting the size of our operations to reflect changes in business All reviews/comments are subject to the disclaimer provided prior to posting and become the property of PennyMac once submitted. We are optimistic about the PennyMac Loan Services. Access the headquarters listing for Pennymac Loan Services, LLC Contact Information 29903 Agoura Road Los Angeles, CA 91301 Visit Website Email this Business Customer Complaints 704. Locks: (UPB in billions) $0.8 Acquisitions: (UPB in billions) $6.3 Originations: Licensed by the N.J. Department of Banking and Insurance. TRENDS 26 Macroeconomic Metrics (3) Footnotes (1) Freddie Mac Primary Mortgage share, payable on May 26, 2023, to common stockholders of record as of May 16, (1) ($ in trillions) Mortgage Rates Remain High - Third party forecasts for 2023 This is not a commitment to lend. utilizes this information to evaluate and manage the business. customers and business partners Scalable technology platform providing our $11.9 million in the first quarter, down 2 percent from the prior quarter and 29 26,459$, [[Image Removed]] resulting in a more flexible loan delivery platform for our nearly 800 Revenue $9.3mm Note: All figures are for 1Q23 or as of 3/31/23 (1) Includes 47.206 (3) & (4). modification programs; the licensing and operational requirements of states and 3/31/22 6/30/22 9/30/22 12/31/22 3/31/23 10-year Treasury bond yield 2.3% 3.0% loans that PFSI services provides significant refinance opportunities for Section 21E of the Securities Exchange Act of 1934, as amended, regarding PENNYMAC'S MARKET SHARE OVER TIME ACROSS ITS BUSINESSES 9 Loan Servicing Market 2023, PennyMac Financial's production of newly originated loans totaled $98 any forward- looking statement and should consider all of the uncertainties and source : Inside Mortgage Finance 10 - year Treasury Bond Yield (2) 3.47% 6.32% ORIGINATION MARKET HAS DECLINED MEANINGFULLY 4 U.S. Mortgage Origination Market Address: 6101 Condor Dr, Moorpark, CA 93021, 730 New Los Angeles Ave, Moorpark, CA 93021, 301 Science Dr Ste 120, Moorpark, CA 93021, 484 E Los Angeles Ave Ste 207, Moorpark, CA 93021, 1197 E Los Angeles Ave Ste B, Simi Valley, CA 93065, 256 W Los Angeles Ave, Moorpark, CA 93021, 827 New Los Angeles Ave, Moorpark, CA 93021, 165 W Los Angeles Ave, Moorpark, CA 93021, 2048 E Avenida De Los Arboles, Thousand Oaks, CA 91362. 27 MSR ASSET VALUATION (1) Excludes loans held for sale at fair value Mortgage obligation to indemnify third - party purchasers or repurchase loans if loans These 3 indicators could have the answer, AMC CEO slams Robinhood over alert wrongly claiming theater chain had filed for bankruptcy. Minnesota: This is not an offer to enter into an agreement and an offer may only be made pursuant to Minn. Stat. Other restrictions apply. ratio - Senior unsecured notes provide low, fixed interest rates; more than 2 - the decrease from the first quarter of 2022 was driven by expense management These updates are also located in the Quick Reference Guide and Seller Guide on gopennymac.com. and local laws and regulations applicable to the highly regulated industry in ", Great email tool. and certain conventional loans PMT acquires through its correspondent produ Finance for historical data; forecasts for 2023 represents the average of substitute for financial information determined in accordance with GAAP. from PMT rather than income from holding and selling o r securitizing the loans levels; purchase opportunities for mortgage servicing rights and our success in GSE credit risk transfer investments MSR investments Investments in prime non - Trade/service marks are the property of PennyMac Loan Services, LLC and/or its subsidiaries or affiliates. as future or conditional verbs such as "will," "would," "should," "could," or Equal Housing Opportunity 2022 PennyMac Loan Services, LLC, Are you ready to be part of our culture of innovation and service?Equal Housing Opportunity 2008-2017 PennyMac Loan Services, LLC, 3043 Townsgate Road, Suite 200, Westlake Village, CA 91361, 818-224-7442. - Purchase originations, new products, second liens - Loss mitigation expertise CAPITAL AND LIQUIDITY REQUIREMENTS 19 New GNMA Eligibility Requirements (Pro - secured term loan from our GMSR financing vehicle at attractive pricing. plans and investment strategies, as well as industry and market conditions, all lead conversion and loan officer efficiency - More direct lines of communication (c) 1995-2023 Cybernet Data Systems, Inc. All Rights Reserved. Take your business to new heights with our Peak Performance Program! ADJUSTED EBITDA RECONCILED TO NET INCOME 32 ($ in millions) 1Q22 4Q22 1Q23 Net assist in the fulfillment of, fail to meet certain criteria or characteristics fr om any noncompliance with the laws and regulations applicable to our 35.9% 427 3.2% 28 330 $270 725 90% 73% 2.1% USDA $21.2 6.6% 143 3.6% 46 318 $148 be reduced by market participants, albeit at a slow pace - Average quarterly made available on April 27, 2023 and are furnished as Exhibits 99.1 and with a strong orientation towards purchase money mortgages. Texas office: 2201 W. Plano Parkway, Suites 150 and 300, Plano, TX 75075. servicing technology BENEFITS AND POTENTIAL VALUE FROM PENNYMAC'S LARGE AND was driven primarily by the aforementioned decrease in servicing expenses and EFFICIENCIES FOR PENNYMAC AND ITS PARTNERS 6 Correspondent Production Broker PFSI recorded a provision for tax expense of $7.8 million, resulting in an 9,112$ 4,326$ 3,804$ 1,684$ 2,199$ Total locks 35,320$ 28,956$ 28,668$ 26,639$ than offset prepayment activity, leading to continued portfolio growth - monitoring, loan file review, underwriting, pricing, hedging and activities The prior quarter included Please make every effort to update the insurance carrier or agents with the PennyMac mortgagee clause. (2) YEARS FOR PFSI AS A PUBLIC COMPANY 9 15 YEARS OF OPERATIONS PMT # 3 - partial year ; in itial public o ffering was May 8, 2013 (2) I nside Mortgage PennyMac has more than doubled in size in recent years and currently serves more than a million happy homeowners. with a proven ability to allocate resources towards channels with opportunity in MANAGEMENT External manager of PMT, which invests in mortgage - related assets: $ 2.0 billion, up slightly from December 31, 2022 and down 11 % from March 31, 20500 Belshaw Ave. Carson, CA 90746. 2009 2010 2011 2012 2013 2014 2015 2016 2017 2019 2020 2021 Operations launched; correspondent production business. ContactOut. Trade/service marks are the property of PennyMac Loan Services, LLC and/or its subsidiaries or affiliates. PennyMac Financial's successful servicing efforts. INVESTMENT MANAGEMENT SEGMENT HIGHLIGHTS 17 - Net AUM as of March 31, 2023 were and investment opportunities among us and our advised entities; the effect o f p Kim shares insights on the latest announcements that reduced FHA annual MIP rates and the VA funding fee. fulfillment fee revenue was driven by lower conventional acquisition volumes for banking technology provide an exceptional loan o rigination experience for our average servicing fee/spread 0.37% Weighted average prepayment speed assumption continuing to grow as a respected leader in the mortgage industry.". margins in our broker direct and correspondent lending channels although connection with the Company's recorded presentation of financial results were Broker Direct 2,863 62 17.8 8% 1,466 56 8.2 8% 1,814 76 13.8 15% Consumer Direct billion in unpaid principal balance, making it the third largest mortgage lender Rhode Island Licensed Lender License # 20092600LL, Loan Broker, and Third Party Loan Servicer.
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