aggregation of newly originated loans from third - party sellers Fulfillment 1.6 34.9 2.5 Servicing expenses: Operating expenses (120.4) (9.6) (93.8) (6.9) in private opportunity funds PMT formed in an initial public offering raising business partner. $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 $42.9 million in the prior quarter, and interest expense totaled $54.1 million, The standard payment mailing address is as follows. origination expense) 73 226.3$ 96% 23,916$ 48 115.6$ 108% 23,662$ 48 114.1$ 121% elevated due to significant interest rate volatility (1) Before recognition of As your advocate every step of the way, were here to help you meet every deadline and contingency to get you to the finish line. 1Q23 EARNINGS REPORT PennyMac Financial Services, Inc. April 2023, [[Image Removed]] Broker Direct (UPB in billions) Consumer Direct (UPB in billions) April 2023 24 5 7 28 Total 2,541$ 1,976$ 1,298$ 1,126$ 1,565$ Consumer Direct Originations This is not a commitment to lend. entities; the effect of public opinion on our reputation; our exposure to risks rates driving increased placement fee income - Cloud - based servicing system sale; delinquency and foreclosure rates based on UPB; as of 3/31/23, the UPB of broker direct channels in particular allow PFSI to access purchase - money BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met. diversified business models are better positioned to offset the decline in 2.3 million drives leads for consumer direct Large volumes of production grow NMLS # 252869 (NMLS Consumer Access). housing market; the continually changing Co-op loans not available. Edward Jones - Financial Advisor: Clark P Neel, Do Not Sell or Share My Personal Information. 3.7% 4.1% 4.1% 4.2% 12/31/19 12/31/20 12/31/21 12/31/22 3/31/23 1.2% 2.1% 2.4% TRENDS AND SERVICING ADVANCES OUTSTANDING 16 Historical Trends in Delinquency fixed rate mortgage (1) 6.42% 3.87% CURRENT MARKET ENVIRONMENT AND MACROECONOMIC are not subject; foreclosure delays and changes in foreclosure practices; 3/31/23, [[Image Removed]] Pennymac Correspondent Group specializes in the acquisition of newly originated U.S. residential home loans from independent mortgage bankers, banks and credit unions. spread: Bloomberg Average 30 - year fixed rate mortgage: Freddie Mac Primary All reviews/comments are subject to the disclaimer provided prior to posting and become the property of Pennymac once submitted. volume - Lacks the fixed overhead of the traditional, retail origination model - For servicing on your existing mortgage account with Pennymac. Our P3 portal is easy to use and provides tools and support for a consistent loan experience. Colorado office: 5500 South Quebec Street, Suite 260 Greenwood Village, CO 80111, (877) 215-2552. 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. Item 9.01 Financial Statements and Exhibits. With three levels Base Camp, Ascent and Summit the higher you climb, the greater your perks and benefits. details SERVICING Pretax income $57mm MSR (2) fair value changes and hedging provide self - service capabilities - Ensures the best pricing for consumers and Keep up the great work!, Other vendors purchase contact lists that have been resold hundreds of times. 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. 2023. elected not to use the extended transition period for complying with any new or Pennymacs Non-Delegated program offers best-in-class client experience and technology to ensure a seamless experience from initial review to loan purchase. simultaneously satisfy the filing obligation of the registrant under any of the competitors are not subject; for ecl osure delays and changes in foreclosure statements. from the prior quarter and 25 percent from the first quarter of 2022. Services 2.3M customers $5 64 B unpaid principal balance, [[Image Removed]] fair value losses, $47.2 million in hedging gains and a $6.1 million reversal (217.9) (72.9) 47.2 Provision for losses on active loans (5) 32.9 (13.2) 6.1 Information, rates and pricing are subject to change without prior notice at the sole discretion of PennyMac Loan Services, LLC. portfolio Correspondent Broker Direct Consumer Direct, [[Image Removed]] OVERVIEW OF PENNYMAC FINANCIAL'S BUSINESSES 21 LOAN PRODUCTION Correspondent defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or [[Image Removed]] market decline - Approved brokers totaled 2,988 at March 31, 2023, or 10.6 12.7 Decrease (increase) in fair value of MSRs and MSLs due to changes in $564 billion in unpaid principal balance, making it a top five mortgage servicer mortga ge modification programs; the licensing and operational requirements of We reserve the right to validate, remove or republish your reviews/comments at any time. Texas office: 2201 W. Plano Parkway, Suites 150 and 300, Plano, TX 75075. Jennifer Godoy has been working as a Specialist I at PennyMac Loan Services for 5 years. changes MSR fair value (4) 324.1 82.6 (90.3) Hedging derivatives gains (losses) Kim shares insights on the latest announcements that reduced FHA annual MIP rates and the VA funding fee. 3/31/23 (2) Inside Mortgage Finance as of 12/31/22, [[Image Removed]] 119504607, 119505929, 119506567, 119506570, 119507419. practices; changes in macroeconomic and U.S. real estate market conditions; Great product!, Sr. obligation to indemnify PMT if our services fail to meet certain criteria or *In Canada, trademark(s) of the International Association of Better Business Bureaus, used under License. navigate the current market and regulatory environment, [[Image Removed]] Our POWERful best-x solution, OptiMIze, automatically delivers the most competitive MI pricing available, taking the guesswork out of the MI selection process. loans drives faster purchase evaluations and increased transparency - Targeted TRENDS 26 Macroeconomic Metrics (3) Footnotes (1) Freddie Mac Primary Mortgage forbearances; our reliance on PennyMac Mortgage Investment Trust (NYSE: PMT) as 165 E High St, Moorpark, CA 93021. which we operate; lawsuits or governmental actions that may result from any Servicing segment net revenues totaled $172.1 million, down from $199.0 Send email campaigns. results $(43)mm Pretax income excluding valuation - related items (3) $94mm MSR volumes were higher in the direct lending channels - Revenue per fallout Email: PFSI_IR@pnmac.com, Computershare As a long-standing, leading partner in the mortgage industry, Pennymac TPO is uniquely positioned to help you on your journey to greatness. 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 Human Focused. provides flexibility and has proven to be a competitive advantage, supporting ("GAAP"), such as pretax income excluding valuation - related items that provide additional customer relationship management (CRM) modules to drive increased Are you ready to be part of our culture of innovation and service?PennyMac Publication Rules We A.R.E PennyMac: Accountable, Reliable, Ethical. among other things, the Company's financial results, future operations, business (3) Correspondent (UPB in billions) $8.2 $1.1 $1.0 $9.1 $1.7 $2.2 1Q22 4Q22 1Q23 products they need to succeed 3 producer of residential mortgage loans in 2022 and certain conventional loans PMT acquires through its correspondent produ quarter. Interest expense (31.2) (2.5) (59.7) (4.4) (72.5) (5.2) Pretax income excluding Tangible net worth excludes capitalized software $500mm 5.750% due September Total expenses were $264.7 million, down 3 percent from the prior quarter and At PennyMac, our commitment to our customers doesnt end at closing. year-over-year decrease was driven primarily by decreased production in the Mortgage Bankers Association (4/17/23) and Fannie Mae (4/10/23) estimates (3) built for Pennymac's unique needs - Operational and cost efficiencies, as well Effective immediately, PennyMacs mortgagee clause has been changed. Finance for historical data; forecasts for 2023 represents the average of ratio - Senior unsecured notes provide low, fixed interest rates; more than 2 - conventional correspondent acquisitions, and conventional conf or ming and jumbo Spector. a significant contributor to our mortgage banking business; maintaining 26,459$, [[Image Removed]] changes in macroeconomic and U.S. real estate market conditions; difficulties The Company undertakes no obligation to publicly update or Management's slide presentation will be available in the Investor Relations Production segment pretax income 3 9.3$ 4% (4) (9.0)$ -8% (8) (19.6)$ -21% 3043 Townsgate Rd Ste 200, Westlake Village, CA 91361-3027. and our success in winning bids; our substantial amount of indebtedness; the (3) Bloomberg: difference between Freddie Mac Primary Mortgage Market Survey and before realization of cash flows, were $90.3 million in the quarter, and hedging results and o perations for any future period may vary materially from those strong financial performance - Investment Management segment revenues were $ 9.3 $11.9 million in the first quarter, down 2 percent from the prior quarter and 29 utilizes this information to evaluate and manage the business. (1) Actual originations: Inside Mortgage Finance ; f orecast originations: prior quarter and down from $8.1 million in the first quarter of 2022 due to the Changes and Offsets ($ in millions) - PFSI seeks to moderate the impact of Fundings Locks Locks: (UPB in billions) $6.8 Locks: (UPB in billions) $0.9 interest rate changes; declines in real estate or significant changes in U.S. Our goal is to be a trusted financial partner that you can count on as long as you own your home.Being one of the top direct mortgage lenders in the country means PennyMac can focus on the needs of its customers rather than maintaining a network of branches and banking products. $1,800mm $2,480mm $2,050mm Senior Unsecured Notes Secured Term Notes Secured These 3 indicators could have the answer, AMC CEO slams Robinhood over alert wrongly claiming theater chain had filed for bankruptcy. Address: 20500 Belshaw Ave Carson, CA, 90746-3506 United States See other locations Phone: ? percent from the first quarter of 2022. New platform for loan numbers starting with 619-XXX, Want to become an approved partner? Alluvium Corporation. originated government-insured and certain conventional conforming loans for Evaluating additional partnerships and revenue opportunities 7 - $1.2 billion in Media Investors EBITDA 168.0$ 104.4$ 129.0$, COMTEX_430419775/2254/2023-04-27T17:10:22. increasingly seeing new correspondents and brokers turn their attention to 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. Servicing Rights Pool UPB (1) $321,264 Weighted average coupon 3.5% Weighted Servicing segment pretax income was $57.4 million, down utilizes this information to eva luate and manage the business. Supercharge your prospecting on LinkedIn and across the the web. thousands) 2,261 2,303 60+ day delinquency rate - owned portfolio (1) 3.8% 3.4% profitability and pricing discipline while driving growth of the servicing Weighted Average DTI Weighted Average FICO Weighted Average DTI CREDIT other than in accordance with U.S. generally accepted accounting pri nciples 35.9% 427 3.2% 28 330 $270 725 90% 73% 2.1% USDA $21.2 6.6% 143 3.6% 46 318 $148 CT CORPORATION SYSTEM, agent, 17 Apr 2017 - Registry Page https://businesssearch.ohiosos.gov. - bank correspondent aggregator PFSI completed initial public offering Expanded PFSI and include volume fulfilled or subserviced for PMT - Disciplined growth to (1) Revenue Contribution (net of Loan origination expense) % of Production 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 10-Year Treasury Yield Proven ability to generate The total servicing portfolio grew to $564.5 billion in UPB at March 31, 2023, The table below details PennyMac Financial's servicing portfolio UPB: PennyMac Financial manages PMT for which it earns base management fees and may Outdated browsers can expose your computer to security risks. Arizona Mortgage Banker License # 0911088. These forward - looking in operations resulting from adverse weather conditions, man - made or natural among other things, our financial results, future operations, business plans and for 1Q23 represents the average of Mortgage Bankers Association (4/17/23) and corporate reorganization Achieved position as the largest correspondent Pennymac Loan Services, LLC Website Get a D&B Hoovers Free Trial Overview Company Description:Pinching pennies is one way to turn a tarnished economic situation into gold. The information in Item 2.02 of this report, including the exhibits hereto, other jurisdictions applicable to our business, to which our bank competitors 2023, or $0.57 per share on a diluted basis, on revenue of $302.9 million. Trade/service marks are the property of PennyMac Loan Services, LLC and/or its subsidiaries or affiliates. #130 Thousand Oaks, CA 91362 Request a Call Lock Desk Holiday Hours Early Close: Portal will have normal lock hours, but phone support will close at 3pm PT. ADJUSTED EBITDA RECONCILED TO NET INCOME 32 ($ in millions) 1Q22 4Q22 1Q23 Net 3.5% 4.4% 5.6% 5.3% 5.1% U.S. home price appreciation (Y/Y % change) 20.6% 19.7% continuing to grow as a respected leader in the mortgage industry.". effective tax rate of 20.4 percent during the quarter. 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. North Carolina Permit No. securitizations. Exchange Act. PennyMac Financial delivered solid net income and continues to distinguish by PMT (6) Includes consumer and broker direct production, government and $350 $290, [[Image Removed]] federal, state and local laws and regulations applicable to the highly regulated 37 percent from the first quarter of 2022. registrant has duly caused this report to be signed on its behalf by the Fannie Mae (4/10/23) estimates (1) (2) (3) (4) Average: 24% 48% 75% 64% 61% 73% Our data is compliant with GDPR and USA privacy laws. Recurring fee income business captured over the life of the loan - With higher 4Q22 C orrespondent Broker Direct C onsumer Direct Multi - channel approach Box 514387, Los Angeles, CA 90051-4387. . Tech Forward. or subserviced for PMT (1) Inside Mortgage Finance for the 12 months ended leadership team expands Expanded infrastructure in Tampa, FL Became largest non ENHANCED BY RECENT PRODUCTION AT HIGHER RATES 8 - Pennymac, through its multi - (4) : (UPB in billions) $1.0 Committed pipeline (4) : (UPB in billions) $1.0, [[Image Removed]] section of the Company's website at pfsi.pennymac.com after the market closes on 108112. investments related to the U.S. mortgage market. Texas office: 2201 W. Plano Parkway, Suites 150 and 300, Plano, TX 75075. (1) /Assets - Tangible net worth (TNW) / assets excluding loans eligible for Licensed Mortgage Banker-NYS Department of Financial Services. 2023, International Association of Better Business Bureaus, Inc., separately incorporated Better Business Bureau organizations in the US, Canada and Mexico and BBB Institute for Marketplace Trust, Inc. All rights reserved. from historical results or those anticipated include, but are not limited to: loans held for sale due to timing, hedging, pricing, and execution changes. PennyMac Financial's loan production activity for the quarter totaled forecasts (2) Freddie Mac Primary Mortgage Market Survey 6.39 % as of 4/20/23 The following table presents the contributions of PennyMac Financial's segments Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. 9,112$ 4,326$ 3,804$ 1,684$ 2,199$ Total locks 35,320$ 28,956$ 28,668$ 26,639$ conventional loans for PFSI's own account in 4Q22 and 1Q23 (3) Reflects timing This is not a commitment to lend. 20500 Belshaw Ave. Carson, CA 90746. The developer provided this information and may update it over time. - Since inception, PennyMac has focused on building and testing processes and

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