WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–PennyMac Monetary Providers, Inc. (NYSE: PFSI) at the moment introduced the appointment of Doug Jones as President and Chief Mortgage Banking Officer. Mr. Jones had beforehand served because the Firm’s Senior Managing Director and Chief Mortgage Banking Officer, in addition to President of PennyMac Mortgage Providers, the Firm’s mortgage banking subsidiary. In his new position, Mr. Jones continues to be accountable for all actions regarding the Firm’s mortgage manufacturing and mortgage servicing companies.
“I’m happy to announce this promotion for Doug, which displays the Firm’s continued concentrate on succession planning,” stated PFSI Chairman and CEO David A. Spector. “Doug is a particularly targeted and dedicated chief who’s extensively thought to be one of the crucial skilled and succesful mortgage executives in our trade. Doug and I’ll proceed to work with Andy Chang, Vandy Fartaj and our deep senior administration group to construct on PennyMac’s trade management and obtain additional success and progress within the years to return.”
About PennyMac Monetary Providers, Inc.
PennyMac Monetary Providers, Inc. is a specialty monetary providers agency with a complete mortgage platform and built-in enterprise targeted on the manufacturing and servicing of U.S. mortgage loans and the administration of investments associated to the U.S. mortgage market.
Based in 2008, the corporate is acknowledged as a pacesetter within the U.S. residential mortgage trade and employs over 6,000 individuals throughout the nation. For the twelve months ended December 31, 2020, PennyMac Monetary’s manufacturing of newly originated loans totaled $197 billion in unpaid principal stability, making it the third largest mortgage lender within the nation. As of December 31, 2020, PennyMac Monetary serviced loans totaling $427 billion in unpaid principal stability, making it a high ten mortgage servicer within the nation.
Extra details about PennyMac Monetary Providers, Inc. is on the market at ir.pennymacfinancial.com.