– USA, CA – PennyMac Financial Services, Inc. (NYSE: PFSI) today announced the appointment of CEO David Spector to the additional role of Chairman of the Board of Directors.
The company also announced that Jon Jacobson, Founder of HighSage Ventures, has joined the Board of Directors.
“I am honored that the Board has entrusted me with this additional responsibility, and I am excited to continue leading this great company forward,” said Chairman and CEO, David Spector. “I am also pleased to announce that Jon Jacobson has agreed to join our Board. As an original sponsor of PennyMac when it was founded in 2008, Jon has been involved over the years and has been a trusted advisor to me and the company. Jon’s perspectives from his longstanding investment in the company and his invaluable experience are great assets for the Board as PennyMac continues to execute on our growth strategy.”
PFSI also announced today that the independent directors of the Board have appointed Jeff Perlowitz as the Lead Independent Director, succeeding James Hunt, who had served in that role since the IPO in 2013.
“Jeff’s experiences and abilities, including his expertise in residential mortgage finance, make him particularly qualified to assume the role of Independent Lead Director,” said David Spector. “I also want to thank Jim for his leadership over nearly eight years, including the unique challenges of the past year, and look forward to his continued service as a Director.”
About PennyMac Financial Services, Inc.
PennyMac Financial Services, Inc. is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.
Founded in 2008, the company is recognized as a leader in the U.S. residential mortgage industry and employs over 6,000 people across the country. For the twelve months ended September 30, 2020, PennyMac Financial’s production of newly originated loans totaled $170 billion in unpaid principal balance, making it the third-largest mortgage lender in the nation. As of September 30, 2020, PennyMac Financial serviced loans totaling $402 billion in unpaid principal balance, making it the seventh-largest mortgage servicer in the nation.
For more information: https://www.pennymacusa.com/
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