Applications / Mortgage Analytics / Lenders / California / Pennymac Loan Services
Westlake Village, CA · Independent non-bank lender · CFPB · 100,816 loans in 2025
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100,816
loans originated, 2025
193,807
applications, 2025
51
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Pennymac Loan Services is above all a buyer of loans, reporting 293,228 purchased loans beside 100,816 of its own, and its originations grew 50% in 2025, the fastest among similar lenders.
Its 293,228 purchased loans were nearly three times its own originations and the most among similar lenders (independent non-bank lenders making between half and twice as many loans), which typically bought 298. Buying loans from other lenders is the core of its business.
Originations rose 50% to 100,816, against 16% for similar lenders and 10% for the whole market. Refinancing made up 45.7% of its loans, home purchases 36.2% and other purposes 18.0%. Five years before, when its typical rate was 3.00%, it made 117,702; with refinancing its largest purpose, its volume may move with rates.
VA loans (guaranteed by the Department of Veterans Affairs) were 16.4% of its originations, against 9.6% for similar lenders, though down from 32.4% five years before. Jumbo loans (larger than the conforming limit) were 4.3%, higher than about nine in ten similar lenders.
It ranked sixth of 892 lenders in Atlanta, seventh of 937 in Miami and ninth of 757 in Los Angeles. In Kiryas Joel-Poughkeepsie-Newburgh, a market it entered in 2022, its share rose to 2.3% from 1.2%.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Pennymac Loan Services took 193,807 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 45.7% · Purchase 36.2% · Other 18.0% · Home improvement 0.0% · Not applicable 0.0%
Conventional 59.6% · FHA 23.8% · VA 16.4% · USDA (RHS or FSA) 0.1% · of 100,816 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| California | 10,749 | 10.7% |
| Florida | 9,704 | 9.6% |
| Texas | 6,849 | 6.8% |
| Georgia | 5,272 | 5.2% |
| Pennsylvania | 4,488 | 4.5% |
| Virginia | 4,338 | 4.3% |
| North Carolina | 3,751 | 3.7% |
| Arizona | 3,232 | 3.2% |
| New Jersey | 3,144 | 3.1% |
| Ohio | 2,964 | 2.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Atlanta-Sandy Springs-Roswell | 2,340 |
| Phoenix-Mesa-Chandler | 2,320 |
| Los Angeles-Long Beach-Glendale | 1,760 |
| Dallas-Plano-Irving | 1,662 |
| Arlington-Alexandria-Reston | 1,616 |
| Riverside-San Bernardino-Ontario | 1,586 |
| Houston-Pasadena-The Woodlands | 1,488 |
| San Diego-Chula Vista-Carlsbad | 1,391 |
| Chicago-Naperville-Schaumburg | 1,363 |
| Las Vegas-Henderson-North Las Vegas | 1,344 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | RVDPPPGHCGZ40J4VQ731 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 4186591 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7262049351 | 2009–2016 |
| Respondent ID (the HMDA filer code before 2018) | 94186591 | 2017–2017 |
Established 25 February 2008. Reported under HMDA 2009-2025.
Mergers, name changes, data editions and corrections: Pennymac Loan Services's data.
Pennymac Loan Services's data
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