# PENNYMAC LOAN SERVICES, LLC

> **Canonical URL:** https://saferate.com/lenders/pennymac-loan-services


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


PENNYMAC LOAN SERVICES, LLC is a independent mortgage company, headquartered in WILMINGTON, DE, serving borrowers nationwide, with 35,887 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 44% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 37% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** RVDPPPGHCGZ40J4VQ731
- **Headquarters:** WILMINGTON, DE
- **Geographic Reach:** National
- **States Served:** 51
- **State List:** AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- **Markets (MSAs):** 50
- **Primary Channel:** mix
- **Direct Origination:** 54.7%
- **Brokered/Wholesale:** 45.3%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 56/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 63/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.038%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,952
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 35,887
- **Dollar Volume:** $14.9 billion
- **Applications Received:** 65,706
- **Market Share:** 101.00%

## Typical Borrower Profile

- **Average Loan Amount:** $415,230
- **Average Borrower Income:** $158,002
- **Average Property Value:** $545,946

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **FHA Gold Superstar** (70%)
- ⭐ **VA Gold Superstar** (77%)
- ⭐ **Jumbo Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (70%)
- ⭐ **Refinance Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 88/100 | 18,942 | +0.273% | $2,455 | Exceptional 🤩 |
| FHA | 91/100 | 10,402 | +0.265% | $369 | Exceptional 🤩 |
| VA | 91/100 | 5,533 | -0.757% | $3,089 | Exceptional 🤩 |
| Jumbo | 90/100 | 1,010 | +0.205% | $2,109 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 14,436 loans, Score: 87/100 (Exceptional)
- Refinance: 4,506 loans, Score: 82/100 (Exceptional)

**FHA:**
- Purchase: 5,612 loans, Score: 89/100 (Exceptional)
- Refinance: 4,790 loans, Score: 93/100 (Exceptional)

**VA:**
- Purchase: 3,804 loans, Score: 89/100 (Exceptional)
- Refinance: 1,729 loans, Score: 92/100 (Exceptional)

**Jumbo:**
- Purchase: 822 loans, Score: 90/100 (Exceptional)
- Refinance: 188 loans, Score: 89/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 89/100 | 24,674 | $11.3B | +0.235% | Exceptional 🤩 |
| Refinance | 89/100 | 11,213 | $3.6B | -0.236% | Exceptional 🤩 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| CA | 3,610 | 1.27% | 83/100 |
| FL | 3,538 | 1.21% | 84/100 |
| TX | 2,630 | 0.75% | 82/100 |
| PA | 2,206 | 1.82% | 88/100 |
| GA | 1,954 | 1.42% | 85/100 |
| NC | 1,508 | 1.02% | 79/100 |
| NY | 1,294 | 1.14% | 81/100 |
| NJ | 1,267 | 1.48% | 85/100 |
| TN | 1,245 | 1.37% | 83/100 |
| WA | 1,187 | 1.40% | 85/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 3,420 | 83/100 |
| Atlanta | GA | 888 | 82/100 |
| Minneapolis | MN-WI | 745 | 79/100 |
| New York | NY-NJ | 741 | 81/100 |
| Houston | TX | 704 | 77/100 |
| Phoenix | AZ | 692 | 76/100 |
| Dallas | TX | 628 | 78/100 |
| Riverside | CA | 585 | 77/100 |
| Las Vegas | NV | 578 | 84/100 |
| Los Angeles | CA | 546 | 77/100 |
| San Diego | CA | 526 | 79/100 |
| Lakewood | NJ | 517 | 84/100 |
| Montgomery County | PA | 510 | 88/100 |
| Chicago | IL | 493 | 74/100 |
| Charlotte | NC-SC | 471 | 78/100 |

## Where This Lender Ranks

PENNYMAC LOAN SERVICES, LLC appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Waterloo for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/waterloo/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🥈 **#2** in Washington for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/washington-state/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥈 **#2** in San Diego for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/san-diego/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥈 **#2** in Nassau County for VA Loans
  - [View Full Rankings](https://saferate.com/nassau-county/best-mortgage-lenders/va-loans)
- 🥈 **#2** in Nassau County for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/nassau-county/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥈 **#2** in Sacramento for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/sacramento/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥈 **#2** in Miami for VA Loans
  - [View Full Rankings](https://saferate.com/miami/best-mortgage-lenders/va-loans)
- 🥈 **#2** in Miami for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/miami/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥈 **#2** in Harrisburg Mortgage Companies
  - [View Full Rankings](https://saferate.com/harrisburg/best-mortgage-lenders/mortgage-companies)
- 🥈 **#2** in Harrisburg for VA Loans
  - [View Full Rankings](https://saferate.com/harrisburg/best-mortgage-lenders/va-loans)
- 🥈 **#2** in Harrisburg for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/harrisburg/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥈 **#2** in Anaheim for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/anaheim/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥈 **#2** in Tacoma for VA Loans
  - [View Full Rankings](https://saferate.com/tacoma/best-mortgage-lenders/va-loans)
- 🥈 **#2** in Tacoma for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/tacoma/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥈 **#2** in Wichita, KS for VA Loans
  - [View Full Rankings](https://saferate.com/wichita-ks/best-mortgage-lenders/va-loans)
- 🥈 **#2** in Wichita, KS for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/wichita-ks/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥈 **#2** in Reno, NV for VA Loans
  - [View Full Rankings](https://saferate.com/reno-nv/best-mortgage-lenders/va-loans)
- 🥈 **#2** in Reno, NV for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/reno-nv/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥈 **#2** in Lancaster, PA for VA Loans
  - [View Full Rankings](https://saferate.com/lancaster-pa/best-mortgage-lenders/va-loans)
- 🥈 **#2** in Lancaster, PA for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/lancaster-pa/best-mortgage-lenders/mortgage-companies/va-loans)

## Frequently Asked Questions

### What loan types does PENNYMAC LOAN SERVICES, LLC offer?

PENNYMAC LOAN SERVICES, LLC offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does PENNYMAC LOAN SERVICES, LLC offer mortgages?

PENNYMAC LOAN SERVICES, LLC is a national lender offering mortgages in all 50 states plus Washington D.C.

### How competitive are PENNYMAC LOAN SERVICES, LLC's mortgage rates?

PENNYMAC LOAN SERVICES, LLC has a pricing score of 56/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.038% above market average.

### What type of lender is PENNYMAC LOAN SERVICES, LLC?

PENNYMAC LOAN SERVICES, LLC is a non-depository lender that specializes in mortgage origination, headquartered in WILMINGTON, DE.

### What is PENNYMAC LOAN SERVICES, LLC's loan approval success rate?

PENNYMAC LOAN SERVICES, LLC has a pull-through score of 63/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

---

## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/pennymac-loan-services

### How to Cite

> "PENNYMAC LOAN SERVICES, LLC Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/pennymac-loan-services

---

**[View Interactive Profile →](https://saferate.com/lenders/pennymac-loan-services)**