An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
PennyMac Financial Services, Inc. Announces Doug Jones Joined Its Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
PennyMac Financial Services, Inc. (NYSE: PFSI) announced that Doug Jones has joined its Board of Directors effective March 1, 2023. As President and Chief Mortgage Banking Officer, he oversees loan production and servicing operations and has been with the company since 2011. Chairman and CEO David Spector expressed confidence in Jones' contributions to the company's growth and success in the mortgage banking sector. Jones previously held executive roles at Countrywide Financial and Bank of America, adding significant experience to PennyMac's leadership. The company is recognized as a leader in the U.S. mortgage market, with $109 billion in new loans originated in 2022.
Positive
Doug Jones brings over a decade of experience to the Board, enhancing leadership.
Jones' industry knowledge may lead to strategic advantages for PennyMac.
The company remains a top player in the U.S. mortgage industry with significant loan production.
Negative
No significant negative aspects identified.
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--
PennyMac Financial Services, Inc. (NYSE: PFSI) announced today that Doug Jones, President and Chief Mortgage Banking Officer, joined its Board of Directors effective March 1, 2023.
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 member of the company's executive management team since 2011.
“I am delighted to announce Doug Jones’ election to our Board of Directors,” said PennyMac Financial’s Chairman and Chief Executive Officer 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 welcome Doug and his invaluable insights with great enthusiasm.”
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. Additional information about PennyMac Financial Services, Inc. is available at pfsi.pennymac.com.
