WESTLAKE VILLAGE, CA – (BUSINESS WIRE) – PennyMac Monetary Companies, Inc. (NYSE: PFSI) right this moment introduced the appointment of Doug Jones as President and Head of Mortgage Banking. Mr. Jones beforehand served as the corporate’s senior managing director and head of mortgage banking, in addition to president of PennyMac Mortgage Companies, the corporate’s mortgage banking subsidiary. In his new function, Mr. Jones continues to be liable for all actions associated to the Firm’s mortgage manufacturing and repair actions.
“I’m happy to announce this promotion for Doug, which displays the corporate’s continued deal with succession planning,” stated PFSI President and CEO David A. Spector. “Doug is a particularly centered and dedicated chief who’s extensively considered one of the crucial skilled and educated mortgage executives in our business. Doug and I’ll proceed to work with Andy Chang, Vandy Fartaj and our seasoned administration group to construct on PennyMac’s management within the business and obtain additional success and development within the years to come back.
About PennyMac Monetary Companies, Inc.
PennyMac Monetary Companies, Inc. is a specialty monetary companies agency with a complete mortgage platform and built-in enterprise centered on producing and servicing US mortgages and managing investments associated to the US mortgage market.
Based in 2008, the corporate is acknowledged as a pacesetter within the US residential mortgage business and employs greater than 6,000 folks throughout the nation. For the twelve months ended December 31, 2020, PennyMac Monetary’s newly issued mortgage manufacturing totaled $ 197 billion in excellent principal, making it the third largest mortgage lender within the nation. As of December 31, 2020, PennyMac Monetary insured loans totaling $ 427 billion in excellent principal, making it one of many high ten mortgage managers within the nation.
Further details about PennyMac Monetary Companies, Inc. is accessible at ir.pennymacfinancial.com.