![]() After the first nine months of 2021, Pennymac held an estimated 1.4% share of direct-to-consumer lending volume, according to company leaders in a November earnings presentation. “The added support will reinforce our strong stance on providing excellent customer service, while supporting the organization’s overall growth initiatives.”Ĭonsumer-direct lending has played a larger role at the company over the past few years. “Extending Pennymac’s operations into Tennessee will boost our coast-to-coast coverage allowing us to join a thriving business community with a superb talent pool,” said Doug Jones, Pennymac’s president and chief mortgage banking officer. The location will serve its consumer-direct lending business, according to the Tennessee Department of Economic and Community Development. The national lender and servicer will invest $3.9 million to establish a new mortgage originations center in Williamson County south of Nashville, a move that is expected to add over 300 new jobs in the area. PennyMac Financial Services plans to open a new facility in Tennessee, as it further expands its footprint in the direct-to-consumer market.
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