PennyMac Financial Services, Inc. will invest $4.3 million in Cary
Raleigh, NC (STL.News) PennyMac Financial Services, Inc., a California-based specialty financial services firm, will create more than 300 jobs in Wake County, Governor Roy Cooper announced today. The company will invest $4.3 million into PennyMac Loan Services, LLC, its mortgage lending subsidiary, to establish a mortgage fulfillment production center in Cary.
“Growing companies like PennyMac Financial want to expand in North Carolina even during a pandemic because of our strong talent pipeline, steady business climate and our exceptional quality of life,” said Governor Cooper.
Named a top three lender by Inside Mortgage Finance, PennyMac focuses on the production and servicing of mortgage loans and the management of investments related to the U.S. mortgage market. This latest expansion will support the mortgage fulfillment functions of the company’s direct lending operations, which includes loan processing, underwriting, closing and funding. The company’s new footprint will span 35,000 square feet of production, business technology, and IT support. PennyMac will begin accepting applications from mortgage professionals and anyone interested in joining the PennyMac team, on their website at www.pennymac.com/careers.
“What initially attracted PennyMac to this region was the diversity and talent that the city has to offer,” said Doug Jones, President of PennyMac.