PennyMac TPO

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Earnings snapshot shows ongoing cuts, servicing stemmed the bleeding amidst higher rates.

Diversified business model, rising production volumes, and large servicing portfolio propel the company to profitability.

Vandy Fartaj stepping down to be replaced by company vet William Chang

Profits are up 4% in third quarter.

Wholesale lender says platform reduces processing time from loan creation to credit submission by as much as 40%.