Headquartered in Moorpark, PennyMac is a family of companies that provides a full range of mortgage services, which include a registered investment advisor that manages a REIT and other private vehicles that invest in troubled mortgages and a best-in-class loan servicing operation that works with borrowers to stay in their homes. PennyMac has designed a new, more comprehensive business model that addresses the problems in the mortgage industry and provides a more sustainable business for the future that aligns the interests of consumers, investors and the public.
The company was established in January 2008 and now services more than $2 billion in residential loans. In addition, during 2009 PennyMac raised over $647 million in private investment funds and $314 million in its public offering and its loan servicing portfolio has grown to over 13,000 loans and $2.6 billion.
PennyMac is a national lender with over 1,000 employees, making it the largest employer in Moorpark! And they continue to hire...check out their jobs listings at www.pennymacusa.com/careers.php.
If you have tried unsuccessfully to refinance in the last year or so, programs and rates have changed enough, along with rising home values for many in the Conejo Valley, that you may be able to reduce your rate or monthly payment this time.
Call PennyMac today at 888-457-0218 or visit them website at THIS LINK to learn more about PennyMac and your options for refinancing and lowering your monthly mortgage payments.