PennyMac welcomes Doug Jones to its Board of Directors

– USA, CA –  PennyMac Financial Services, Inc. (NYSE: PFSI) today announced the appointment of the current President and Chief Mortgage Banking Officer, Doug Jones, to its Board of Directors, effective March 1, 2023.

“I am delighted to announce Doug Jones’ election to our Board of Directors,” said Chairman and CEO, David Spector. “Doug has made countless contributions to the growth and success Pennymac has achieved since he joined our executive management team more than 10 years ago. His deep understanding of the mortgage banking industry combined with his extensive track record of successful execution gives me confidence that his presence on our Board will benefit both Pennymac and its many stakeholders for years to come. On behalf of our Board, I enthusiastically welcome Doug and his invaluable insights.”

About Doug Jones

In his role as President of PennyMac Financial, Mr. Jones is responsible for all business activities relating to the company’s loan production and servicing operations. He previously served as Chief Correspondent Lending Officer and has been a company executive management team member since 2011. Prior to joining PennyMac Financial, Mr. Jones worked in several executive positions at both Countrywide Financial Corporation and Bank of America Corporation, as its successor, where he was responsible for correspondent and warehouse lending, the management and oversight of retail sales, and other ancillary mortgage businesses.

He earned a B.A. in Economics from California State University, Sacramento.

About PennyMac Financial Services, Inc.

PennyMac Financial Services, Inc. is a specialty financial services firm 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 approximately 4,000 people across the country. In 2022, PennyMac Financial’s production of newly originated loans totaled $109 billion in unpaid principal balance, making it the third largest mortgage lender in the nation. As of December 31, 2022, PennyMac Financial serviced loans totaling $552 billion in unpaid principal balance, making it a top ten mortgage servicer in the nation.

For more information:

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.