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PennyMac’s $172.5 million acquisition of Cenlar’s subservicing business will add $740 billion in UPB and roughly two million loans
Goal will be to help AI-driven servicing tech firm ‘exponentially reduce the cost of servicing’
The experienced industry leader is tasked with strengthening market presence, fostering growth
She will oversee the default servicing portfolio.
All three will be directors of enterprise portfolio management.
This makes seven new team appointments at the mortgage sub-servicer.
