WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–
PennyMac Cyberbanking Services, Inc. (PFSI), a arch U.S. mortgage lender, today appear the barrage of its Agent Direct channel, alms mortgage brokers admission to the Company’s advanced POWER℠ belvedere accumulated with its different centralized sales, applicant assurance casework and best-in-class accomplishment capabilities.
“We are aflame to advertise PennyMac’s admission into the agent channel,” said Doug Jones, President of PennyMac Accommodation Services, LLC, an alongside controlled accessory of PFSI. “We spent ample time evaluating this approach and accept it is the appropriate time for us to participate. Our new agent approach will accommodate opportunities to abound volumes in adorable segments of the market, such as purchase-money and prime colossal mortgages. We apprehend to advantage our arch bazaar position to auspiciously abound our Agent Direct belvedere and accomplish a administration position over time.”
PennyMac is the fourth-largest ambassador of anew originated mortgage loans, according to Inside Mortgage Finance. The agent approach represents about 10% of the absolute U.S. mortgage originations market.
Through PennyMac’s POWER℠ platform, brokers will accept aberrant admission to abstracts and the adeptness to proactively administer their pipelines. By accouterment detailed, authentic and appropriate advice to their barter on every loan, brokers and their accommodation admiral can accommodate best-in-class account for their barter and advance assurance with their barometer sources. POWER℠ enables the agent to self-serve for a array of functions and seamlessly acquaint with PennyMac’s applicant assurance team. With its able bazaar position, PennyMac has the calibration and operational capabilities to bear action transparency, bendability and an aberrant chump acquaintance for mortgage brokers and their clients. The Company’s new Agent Direct alignment is led by Kimberly Nichols, a acclimatized mortgage controlling who serves as Managing Director, Direct Lending Channels, for PennyMac.
The POWER℠ belvedere is added added by admission to a mortgage professionals through the Company’s committed agent alarm center. Through PennyMac’s portal, brokers will accept admission to the Company’s accommodation offerings, forth with its industry-leading accommodation accomplishment capabilities that bear bendability and accurateness to the alpha process.
For added advice about PennyMac Cyberbanking and signing up to become a agent with the Company, amuse appointment the Agent Direct approach website at www.pennymacbrokerdirect.com.
About PennyMac Cyberbanking Services, Inc.
PennyMac Cyberbanking Services, Inc. is a specialty cyberbanking casework close with a absolute mortgage belvedere and chip business focused on the assembly and application of U.S. mortgage loans and the administration of investments accompanying to the U.S. mortgage market. PennyMac Cyberbanking Services, Inc. trades on the New York Stock Exchange beneath the attribute “PFSI.” Added advice about PennyMac Cyberbanking Services, Inc. is accessible at www.ir.pennymacfinancial.com.
This columnist absolution contains advanced statements aural the acceptation of Section 21E of the Securities Exchange Act of 1934, as amended, apropos management’s beliefs, estimates, projections and assumptions with account to, amid added things, the Company’s cyberbanking results, approaching operations, business affairs and advance strategies, as able-bodied as industry and bazaar conditions, all of which are accountable to change. Words like “believe,” “expect,” “anticipate,” “promise,” “plan,” and added expressions or words of agnate meanings, as able-bodied as approaching or codicillary verbs such as “will,” “would,” “should,” “could,” or “may” are about brash to analyze advanced statements. Absolute after-effects and operations for any approaching aeon may alter materially from those projected herein and from accomplished after-effects discussed herein. Factors which could account absolute after-effects to alter materially from absolute after-effects or those advancing include, but are not bound to: the always alteration federal, accompaniment and bounded laws and regulations applicative to the awful adapted industry in which we operate; lawsuits or authoritative accomplishments that may aftereffect from any contravention with the laws and regulations applicative to our businesses; the mortgage lending and servicing-related regulations promulgated by the Consumer Cyberbanking Protection Bureau and its administration of these regulations; our assurance on U.S. government-sponsored entities and changes in their accepted roles or their guarantees or guidelines; changes to government mortgage modification programs; the licensing and operational requirements of states and added jurisdictions applicative to the Company’s businesses, to which our coffer competitors are not subject; foreclosure delays and changes in foreclosure practices; assertive cyberbanking regulations that may absolute our business activities; our assurance on the multifamily and bartering absolute acreage sectors for approaching originations of bartering mortgage loans and added bartering absolute acreage accompanying loans; changes in macroeconomic and U.S. absolute acreage bazaar conditions; difficulties inherent in growing accommodation assembly volume; difficulties inherent in adjusting the admeasurement of our operations to reflect changes in business levels; acquirement opportunities for mortgage application rights and our success in adequate bids; changes in prevailing absorption rates; increases in accommodation delinquencies and defaults; our assurance on PennyMac Mortgage Advance Assurance (PMT) as a cogent antecedent of costs for, and acquirement accompanying to, our mortgage cyberbanking business; any appropriate added basic and clamminess to abutment business advance that may not be accessible on adequate terms, if at all; our obligation to atone third-party purchasers or repurchase loans if loans that we originate, acquire, account or abetment in the accomplishment of, abort to accommodated assertive belief or characteristics or beneath added circumstances; our obligation to atone PMT and the Advance Funds if its casework abort to accommodated assertive belief or characteristics or beneath added circumstances; decreases in the allotment on the assets that we baddest and administer for our clients, and our consistent administration and allurement fees; the all-encompassing bulk of adjustment applicative to our advance administration segment; conflicts of absorption in allocating our casework and advance opportunities amid us and our brash entities; the aftereffect of accessible assessment on our reputation; our contempo growth; our adeptness to finer identify, manage, adviser and abate cyberbanking risks; our admission of new business activities or amplification of absolute business activities; our adeptness to ascertain delinquency and fraud; and our adeptness to abate cybersecurity risks and cyber incidents. You should not abode disproportionate assurance on any advanced account and should accede all of the uncertainties and risks declared above, as able-bodied as those added absolutely discussed in letters and added abstracts filed by the Company with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to about amend or alter any advanced statements or any added advice independent herein, and the statements fabricated in this columnist absolution are accepted as of the date of this absolution only.
View antecedent adaptation on businesswire.com: http://www.businesswire.com/news/home/20180111006162/en/
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