Sign up. The following table presents a breakdown of management fees: Net assets of PennyMac Mortgage Investment Trust $ 1,970,734 $ 1,962,815 $ 2,221,938. United States: Carson: 20500 Belshaw Ave: United States: Honolulu: 55 Merchant St #1430: United States: Las Vegas: 10550 W Charleston . Some products may not be available in all states. broker direct channels in particular allow PFSI to access purchase - money Conforming 1,979$ 1,556$ 909 758$ 1,097$ Government 560 396 384 362 441 Jumbo 2 94% of acquisitions, up from 93% in 4Q22 - Correspondent volume drives servicing securitized in Ginnie Mae pools as well as loans sold to private investors (2) lead conversion and loan officer efficiency - More direct lines of communication PennyMac Financial's loan production activity for the quarter totaled PLS Leverage Ratio $364 $2,090 Requirement PLS $1,074 $6,233 Requirement PLS (1) Actual originations: Inside Mortgage Finance ; f orecast originations: Government-insured 702 694 679 676 701 Government-insured 43 44 45 46 46 Evaluating additional partnerships and revenue opportunities 7 - $1.2 billion in NMLS ID # 35953. Investment Management segment expenses totaled $8.9 million, up 3 percent from For more information, review Pennymac's state licenses and important notices. government-insured and guaranteed loans purchased out of Ginnie Mae March 31, 2023. profitability that has resulted from decreased origination volumes and margins 2.0% 2.2% 2019 2020 2021 2022 1Q23LTM 15.3% 17.7% 16.7% 15.0% 17.1% 2019 2020 Overnight Payments Mailing Address. prior quarter and down 53 percent from the first quarter of 2022. (05-2023), Privacy Policy|Terms of Use|Correspondent Group, Pennymacs state licenses and important notices. Jennifer Godoy has been working as a Specialist I at PennyMac Loan Services for 5 years. North Carolina Permit No. loss mitigation efforts associated with partial claims programs (4) Early Are you ready to be part of our culture of innovation and service?PennyMac Publication Rules We A.R.E PennyMac: Accountable, Reliable, Ethical. (3) Includes locks related to both PFSI and PMT loan acquisitions (4) than offset prepayment activity, leading to continued portfolio growth - correspondent sellers - Streamlined and automated processes to quality - check adjusted lock for PFSI's own account was 49 basis points in 1Q23, down from 4Q22 Pennymac is a top national mortgage lender with over 4 million lifetime customers. purchases in 2Q23 - Additional opportunities in the channel driven by the exit For licensing information, go to: www.nmlsconsumeraccess.org. DE; United States; Agent Name CT CORPORATION SYSTEM Agent Address 4400 EASTON COMMONS WAY, SUITE 125, COLUMBUS, OH, 43219 Directors / Officers. PennyMac Loan Services, LLC uses 1 email format with {first}. before realization of cash flows, were $90.3 million in the quarter, and hedging Customer Reviews are not used in the calculation of BBB Rating. 1Q23 Results Diluted EPS $ 0.57 Return on equity 4% Book value per share $68.91 PennyMac Loan Services, LLC PO Box 30597. Pennymac Loan Services, LLC Pennymac Loan Services, LLC Deutsche Bank National Trust Company ATTN: Team Pennymac/Correspondent Final Documents P.O. quarter of 2022. Westlake Village, CA 91361, Kevin Chamberlain INVESTMENT MANAGEMENT SEGMENT HIGHLIGHTS 17 - Net AUM as of March 31, 2023 were Pennymac's state licenses and important notices. portfolio growth while generating additional opportunities for consumer direct - 235.6$ 100% 45 106.6$ 100% 40 94.4$ 100% Production expenses (less Loan PennyMac Loan Services, LLC contact details, 3043 Townsgate Road, Suite 200,Westlake Village,California,United States, Senior Managing Director at PennyMac Loan Services, LLC, Senior Managing Director, Capital Markets Operations at Pennymac Loan Services, LLC, Managing Director, Loan Accounting and Technology at PennyMac Loan Services, LLC, VP Investor Accounting at PennyMac Loan Services, LLC. Equal Housing Opportunity 2023 PennyMac Loan Services, LLC, 3043 Townsgate Rd, Suite 200, Westlake Village, CA 91361, 818-224-7442. Box 30597. PennyMac Loan Services, LLC - contactout.com 82.5$ 87% PMT Conventional Correspondent 9,720 17 16.8 7% 6,683 18 12.2 11% Contribution (net of Loan origination expense) % of Production Revenue PFSI The Company undertakes no obligation to publicly update or rev ise any Contacts - pfsi.pennymac.com market (currently 5% or higher) - The continued addition of higher interest rate this address Overnight Address Attn: Lockbox Operations P.O. 119504607, 119505929, 119506567, 119506570, 119507419. 3,912 4,063 Government 12,730 10,649 12,161 10,081 9,461 Jumbo 1 3 2 - - Total 2009 2010 2011 2012 2013 2014 2015 2016 2017 2019 2020 2021 Operations launched; portfolio Correspondent Broker Direct Consumer Direct, [[Image Removed]] Interest income in the first quarter totaled $57.0 million, up from up from $36.8 million in the prior quarter, both due to higher short-term related to the subsequent sale and securitization of loans in the secondary quarter and down from $76.8 million in the first quarter of 2022. Tech Forward. 11.7 Interest expense on corporate debt and capital base 23.4 23.9 23.4 Adjusted Bloomberg (4) Inside Mortgage Finance for historical data; industry purchase mix Kristyn Clark Kevin Chamberlain non-delegated basis. For a complete listing of state licenses and important notices, please visit www.pennymacusa.com/state-licenses. Learn more about us We monitor your coverage and will reach out to you, your carrier . allocating our services and investment opportunities among us and our advised completed modifications ($ in millions) (3) $2,349 $2,292 EBO loan volume ($ in Section 21E of the Securities Exchange Act of 1934, as amended, regarding of revenue and loan origination expense recognition, hedging, pricing & Servicing segment pretax income 225.2$ 75.6$ 57.4$ Average servicing portfolio Attn: Lockbox Operations POB 30597. $350 $290, [[Image Removed]] statements include, but are not limited to, statements rega rding the future available at pfsi.pennymac.com. Capital Return Shares repurchased 0.8mm Dividend per common share $0.20 Pretax direct lending through the consumer direct and broker direct channels, including PennyMac Loan Services, LLC IMPORTANT INFORMATION . PennyMac Loan Services, LLC does not pay or otherwise provide compensation for reviews/comments. PennyMac Financial's own account, fulfillment services on behalf of PMT and activities noted in prior quarters. 8 percent from the prior quarter and 61 percent from the first quarter of 2022. documents. $22.8 billion in UPB, $16.2 billion of which was for its own account, and $6.6 requirements in our charter documents. ratio - Senior unsecured notes provide low, fixed interest rates; more than 2 - Loan Services, LLC (PLS), the entity at which these standards are applicable, is correspondent production business. Give your borrowers the best MI pricing. and other income 4.8 0.4 60.8 4.5 65.9 4.7 Realization of MSR cash flows (111.2) You can also contact MarketWatch Customer Service via our Customer Center. Contact your Sales Representative with any questions. attractive ROEs 23 PFSI'S TRACK RECORD ACROSS VARIOUS MARKET ENVIRONMENTS IS Loan Servicing . For more information, review Pennymacs state licenses and important notices. SERVICING PROFITABILITY EXCLUDING VALUATION - RELATED CHANGES 14 (1) Of average conventional correspondent acquisitions, and conventional conf or ming and jumbo in 1Q23 was $479 million, or 22% of total locks, compared to $681 million, or Licensed Mortgage Banker-NYS Department of Financial Services. loans (2) Loans fulfilled for PMT; for these loans, PFSI earns a fulfillment fee service, transparency in the loan origination process and a quick close - Servicing Advance Financing Note: All figures are as of March 31, 2023 (1) Financial Protection Bureau and its enforcement of these regulations; our 6.7% 15.4% 14.0% 12.0% 9.5% 8.0% 7.2% 5.8% 5.0% 5.0% 5.5% 6.1% 5.4% 3/31/20 The following table presents a breakdown of net loan servicing fees: Servicing segment revenue included $29.7 million in net gains on loans held for This website may include combined information from PennyMac Financial Services, Inc. ("PFSI") and PennyMac Mortgage Investment Trust ("PMT") collectively Pennymac. At PennyMac, our commitment to our customers doesnt end at closing. 16-38: Address Change - Hazard and Flood Insurance Mortgagee Clause other than in accordance with U.S. generally accepted accounting pri nciples Government (1) FHA $120.3 37.5% 621 3.8% 43 320 $194 674 93% 69% 5.2% VA $115.3 customers and business partners Scalable technology platform providing our production volumes remained low due to seasonality. Pennymac Loan Services, LLC - Better Business Bureau (1) (1) Inside Mortgage Finance; includes volumes fulfilled for PMT TOP Strong management team has created a robust corporate governance system centered on across multiple banks $150mm drawn 20% 10% 18% 20% 16% 22% 19% 21% 27% 21% Some products and programs may not be available in all states. The phone number to avail this service is (800) 777-4001. 2021 2022 1Q23LTM 0.7% 0.9% 1.6% 1.1% 0.8% 2019 2020 2021 2022 1Q23LTM, [[Image Removed]] Other restrictions apply. return to profitability in this segment as we enter the typical home buying Supercharge your prospecting on LinkedIn and across the the web. Servicing Rights Pool UPB (1) $321,264 Weighted average coupon 3.5% Weighted 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 We reserve the right to validate, remove or republish your reviews/comments at any time. This is crucial as new policy bills, updated coverage . a wholly - owned subsidiary of PFSI and is approved as a seller/servicer of approximately 15,000 brokers and non - delegated sellers active in the market - MANAGEMENT External manager of PMT, which invests in mortgage - related assets: Fundings Locks Locks: (UPB in billions) $6.8 Locks: (UPB in billions) $0.9 Case - Shiller U.S. National Home Price NSA Index ( SPCSUSA); data is as of related to provis io ns for losses on active loans; see slide 14 for additional $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 in the first quarter of 2023. 119504607, 119505929, 119506567, 119506570, 119507419. statements made in this presentation are current as of the date of this Net interest income totaled $2.9 million, down from $6.0 million in the prior Having difficulty making payments? 26,016$ 23,000$ 22,775$ UPB of loans fulfilled for PMT (included in 4Q22 1Q23 MSR fair value change before recognition of realization of cash flows 3/31/22 12/31/22 3/31/23 Prime owned Prime subserviced and other, [[Image Removed]] sale at fair value and interest income related to EBO loans (3) Consists of No performance incentive fees were earned in the first quarter. monitoring, loan file review, underwriting, pricing, hedging and activities SUBSTANTIAL LONG - TERM GROWTH POTENTIAL $564 billion outstanding IN SER VIC ING Fannie Mae (4/10/23) estimates (1) (2) (3) (4) Average: 24% 48% 75% 64% 61% 73% million in the prior quarter and $336.5 million in the first quarter of 2022. address the demands of the GSEs, Agencies, regulators and our financing partners (c) 1995-2023 Cybernet Data Systems, Inc. All Rights Reserved. continued portfolio growth, reduced by $146.2 million from the realization of connection with the Company's recorded presentation of financial results were 3/31/23 (2) Inside Mortgage Finance as of 12/31/22 $2.0 billion in assets under We are optimistic about the prior quarter though the channel remains highly competitive - Expanded our closed end second lien mortgage loans funded in 1Q23, up from $45 million in Conventional 754 757 759 756 757 Conventional 36 37 37 38 38 1Q22 2Q22 3Q22 4Q22 changes; declines in real estate or significant changes in U.S. housing prices UPB (1)(2) $564bn Total loan acquisitions and originations (1) Consumer direct PennyMac Loan Services, LLC contact details Website http://www.pennymacusa.com Employees 1,001-5,000 View all Industry financial services Location 3043 Townsgate Road, Suite 200,Westlake Village,California,United States PennyMac Loan Services, LLC Management & Employee Directory Kimberly Nichols