PennyMac Posts Solid Q2 Results Amid Market Volatility
Diversified business model, rising production volumes, and large servicing portfolio propel the company to profitability.
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%.
Jerry Halbrook brings a long record of fintech service to his new position.