PennyMac Financial Services, Inc. is a financial services company with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. residential mortgage loans and the management of investments related to the U.S. residential mortgage market. The company operates through the following business segments: Loan Production, Loan Servicing, and Investment Management. The Loan Production segment sources mortgage loans through two channels: correspondent\nproduction and consumer direct lending. The Loan Servicing segment performs loan administration, collection, and default management activities. The Investment Management segment operates as an investment manager through the subsidiary, PNMAC Capital Management, LLC. The company was founded by Stanford L. Kurland on December 31, 2012 and is headquartered in Westlake Village, CA.