Pennymac sticks to its strategy as the market continues to shrink
The California-based Pennymac Financial Services executives rightsized the company and invested in its servicing portfolio in 2022.
The California-based Pennymac Financial Services executives rightsized the company and invested in its servicing portfolio in 2022.
The workforce reduction started on Tuesday with correspondent lending employees at the Wells Fargo Mortgage office in Springfield, Illinois.Â