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Vandy Fartaj stepping down to be replaced by company vet William Chang
His appointment is effective March 1.
Wholesale lender says platform reduces processing time from loan creation to credit submission by as much as 40%.
Jerry Halbrook brings a long record of fintech service to his new position.
Following three rounds of layoffs that eliminated 475 jobs, PennyMac says production segment income was down 96% YOY.
A wide variety of positions are affected.
