PennyMac Loan Services
PennyMac Loan Services's 35.9k closed loans and 66k applications, benchmarked against peer lenders across the 5 Ps of Mortgage Shopping.
Ratings· each scored 1–5 against peer lenders
Pricing
Sound
3/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Exceptional
5/5
FHA · Conventional · VA · Jumbo
Place
Strong
4/5
National · 49 mkts
Promptness
Not enough data
—/5
No quote responses measured yet
Awards
Conventional
Superstar
FHA
Superstar
VA
Superstar
Jumbo
Superstar
Purchase
Superstar
Refinance
Superstar
Summary
What They Do Well
- Strong pull through performance
- High volume lender with significant market experience
- Particularly strong in Conventional and FHA and VA and Jumbo loans
- Nationwide availability with consistent service
Explore another lender or local market
Report Card
PennyMac Loan Services performance at a glance
Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+3.8 bps above market avg
3/5
Pull Through
Closing strength
Strong
Top 40% of lenders
4/5
By Loan Product· Specialization by type
Conventional
18,942 loans · 0.27% above market
Exceptional
Top 20% of lenders
5/5
FHA
10,402 loans · 0.27% above market
Exceptional
Top 10% of lenders
5/5
VA
5,533 loans · 0.76% below market
Exceptional
Top 10% of lenders
5/5
Jumbo
1,010 loans · 0.20% above market
Exceptional
Top 10% of lenders
5/5
By Loan Purpose· Transaction purpose mix
Purchase
24,674 loans · 0.23% above market
Exceptional
Top 20% of lenders
5/5
Refinance
11,213 loans · 0.24% below market
Exceptional
Top 20% of lenders
5/5
By Location· Geographic coverage
Geographic Reach
National · 50 markets
Strong
Top 40% of lenders
4/5
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 18,942 | 52.8% | +0.273%Above | $2,455Fees | ||||
FHA Loans | 10,402 | 29.0% | +0.265%Above | $369Fees | ||||
VA Loans | 5,533 | 15.4% | -0.757%Below | $3,089Fees | ||||
Jumbo Loans | 1,010 | 2.8% | +0.205%Above | $2,109Fees |
Conventional
OverallStrong
ProductExceptional
PricingSound
Pull ThroughSound
Volume18,942
Mix52.8%
Spread
+0.273%Above
Fees
$2,455Fees
FHA Loans
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughSound
Volume10,402
Mix29.0%
Spread
+0.265%Above
Fees
$369Fees
VA Loans
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughStrong
Volume5,533
Mix15.4%
Spread
-0.757%Below
Fees
$3,089Fees
Jumbo Loans
OverallStrong
ProductExceptional
PricingSound
Pull ThroughStrong
Volume1,010
Mix2.8%
Spread
+0.205%Above
Fees
$2,109Fees
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 24,674 | 68.8% | +0.235%Above | $2,256Fees | ||||
Refinance | 11,213 | 31.2% | -0.236%Below | $1,531Fees |
Purchase
OverallStrong
ProductExceptional
PricingSound
Pull ThroughStrong
Volume24,674
Mix68.8%
Spread
+0.235%Above
Fees
$2,256Fees
Refinance
OverallStrong
ProductExceptional
PricingStrong
Pull ThroughSound
Volume11,213
Mix31.2%
Spread
-0.236%Below
Fees
$1,531Fees
At a Glance
Lender Overview
Lending Activity
Loans Originated
35,887
Applications
65,706
Volume
$14 billion
Pricing & Closing
Avg Rate Spread
+0.038%
vs. market APOR
Avg Net Fees
$1,952
Origination − Credits
Pullthrough Rate
54.6%
Applications → Closed
Typical Borrower
Avg Loan Amount
$415,230
Avg Borrower Income
$158,002
Avg Property Value
$545,946
Geographic Coverage
Geographic Performance
Metro Areas
49
markets with activity
States Served
51
Includes Washington, DC
Avg Place Specialization
Strong
4/5
States with Loan Originations
51Full-year 2024 · HMDANationwide · all 50 states and DCLoans originated
< 100100–200200–500500–1,0001,000+None
Northeast9
CTMEMANHNJNYPARIVT
Midwest12
IAILINKSMIMNMONDNEOHSDWI
South17
ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV
West13
AKAZCACOHIIDMTNMNVORUTWAWY
Top Metro Areas by Place Specialization Score
Showing 10 of 49 metro areas
Top States by Place Specialization Score
Showing 10 of 51 states
How We Rank Lenders
Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.
Our Point System (Max 50 Points)
10/ 50 pts
Pricing
How competitively a lender prices vs. the market benchmark (20%).
10/ 50 pts
Product
Performance on your specific loan type (20%).
10/ 50 pts
Pull Through
How reliably a lender closes the loans it starts (20%).
10/ 50 pts
Place
Depth of a lender's expertise in your local market (20%).
10/ 50 pts
Promptness
How quickly a lender answers real quote requests — blended in once they respond (20%).
Champion(80%+ = 40-50 points)
Superstar(60-79% = 30-39 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.