PennyMac, the Fastest-Growing Major Lender in the Second Quarter, Plots Growth Beyond Correspondent Channel
August 18, 2016
Among the top 10 lenders in the second quarter of 2016, PennyMac Financial posted the largest increase to originations on a quarterly basis and compared with the second quarter of 2015, according to Inside Mortgage Finance. The lender plans to continue to grow, including launching a wholesale-broker operation in mid-2017 and putting an emphasis on consumer-direct production. PennyMac reported originations of $16.11 billion in the second quarter, up 47.9 percent ...