Pennymac to Aid U.S. Army Veteran Career Transitions by Joining Forces with PaYS Program

Rhea-AI Summary

Pennymac Financial Services (NYSE: PFSI) has joined the U.S. Army's Partnership for Your Success (PaYS) program, a strategic collaboration to support military veterans transitioning to civilian careers.

Announced in Westlake Village, CA, Pennymac is now among over 1,300 employers promising guaranteed job interviews for qualified veterans in sectors like sales, loan servicing, customer service, human resources, and technology. David Spector, Pennymac’s Chairman and CEO, emphasized the company's longstanding commitment to veterans, having served over 450,000 VA customers and being named a military-friendly employer six times. The partnership aims to provide veterans a robust foundation for long-term career growth.

The announcement event featured speeches from Spector and Major Tyran L. Askew, along with a flag ceremony by the U.S. Army Color Guard and a presentation by Kisha Parker Croom, Pennymac’s Managing Director of Corporate Sustainability.

The PaYS program, facilitated by the U.S. Army Training and Doctrine Command (TRADOC), connects veterans with civilian job opportunities through a network of private industry, academia, and public institutes.

Helping Service Members Entering the Workforce with a Path to a “Career That Brings It Home”

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Financial Services, Inc. (NYSE: PFSI) (“Pennymac”), today announced its participation in the U.S. Army Partnership for Your Success (PaYS) program. This collaboration marks a significant milestone in the commitment Pennymac has made to support military veterans as they transition into the civilian workforce.

David Spector (Chairman and CEO, Pennymac), MAJ Tyran Askew (L.A. Battalion Executive Officer) along with Soldiers from the L.A. Recruiting Battalion. (Photo: Business Wire)

The PaYS Program is a strategic partnership between the U.S. Army and a cross section of private industry, academia, and state and local public institutes. It’s designed to help veterans secure a successful career after their military service. Through this program, veterans can choose from five PaYS partners to receive guaranteed interviews, offering an invaluable bridge to civilian careers.

As a PaYS partner, Pennymac is dedicated to guaranteeing job interviews to all qualified participants for open positions in various areas, including sales, loan servicing, customer service, human resources and technology. The United States Army Training and Doctrine Command (TRADOC) plays a crucial role in the PaYS program by informing enlistment prospects and ROTC cadets about the PaYS program and the related civilian job opportunities.

The event celebrating the partnership contract signing featured speeches from David Spector, Pennymac’s Chairman and CEO, and Battalion Executive Officer Major Tyran L. Askew, as well as a Presentation of Colors flag ceremony by the U.S. Army Color Guard with the national anthem performed by Kisha Parker Croom — Managing Director of Corporate Sustainability at Pennymac. The event also showcased an interactive Army semi-truck loaded with educational opportunities, virtual reality experiences, and flight simulators.

“Many know Pennymac as a leading VA lender with over 450,000 VA customers today and over one million VA customers served in the last 16 years – but our commitment goes beyond that,” stated Spector. “We are proud to have been named a military-friendly employer six times, because we recognize the immense value veterans bring to the workforce.”

“Supporting our veterans is about more than just offering jobs, it's about creating a home where they can flourish. Today marks a significant step forward, but we're not stopping here. We envision this partnership with Army PaYS as the foundation for a comprehensive recruitment program designed to support veterans throughout their entire career.”

Pennymac now joins over 1,300 employers across various industries participating in the PaYS program to create valuable employment opportunities for veterans.

For more information and career opportunities at Pennymac, please visit www.pennymac.com/careers.

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 3,800 people across the country. For the twelve months ended March 31, 2024, PennyMac Financial’s production of newly originated loans totaled $98 billion in unpaid principal balance, making it the second largest mortgage lender in the nation. As of March 31, 2024, PennyMac Financial serviced loans totaling $617 billion in unpaid principal balance, making it a top five mortgage servicer in the nation. Additional information about PennyMac Financial Services, Inc. is available at pfsi.pennymac.com.

About Army PaYS

The PaYS program supports the Army's mission to recruit, with integrity, high quality men and women, connect America with its Army and positively impact perceptions of the Army to build an environment more favorable to the Army's Brand. The PaYS Soldier agrees to fulfill their Army obligation with the knowledge of a guaranteed interview, which may lead to possible employment. Soldiers who participate in the program develop valuable skills and experience, in addition to gaining opportunities for employment with organizations who understand the value of their military service. This partnership connection provides a win-win situation for all. For more information, visit: https://www.armypays.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240708485080/en/

Media

Lauren Padilla

mediarelations@pennymac.com

805.395.9943

Investors

Kevin Chamberlain

Isaac Garden

PFSI_IR@pennymac.com

818.224.7028

Source: PennyMac Financial Services, Inc.

FAQ

What is the recent partnership announced by Pennymac and the U.S. Army?

Pennymac has joined the U.S. Army's Partnership for Your Success (PaYS) program to support veterans transitioning into civilian careers.

How does Pennymac plan to support veterans through the PaYS program?

Pennymac will guarantee job interviews for qualified veterans in various roles such as sales, loan servicing, customer service, human resources, and technology.

When did Pennymac announce its participation in the PaYS program?

Pennymac announced its participation in the PaYS program on [insert date from the PR].

What roles will Pennymac offer to veterans through the PaYS program?

Pennymac will offer roles in sales, loan servicing, customer service, human resources, and technology to qualified veterans.

Which organization facilitates the PaYS program for veterans?

The PaYS program is facilitated by the U.S. Army Training and Doctrine Command (TRADOC).

What event marked the announcement of Pennymac joining the PaYS program?

The announcement was marked by an event featuring speeches from David Spector and Major Tyran L. Askew, as well as a Presentation of Colors flag ceremony by the U.S. Army Color Guard.

How many employers are part of the PaYS program?

Over 1,300 employers across various industries are part of the PaYS program.

Where can veterans find more information about career opportunities at Pennymac?

Veterans can find more information and career opportunities at Pennymac by visiting www.pennymac.com/careers.