What loan types does PennyMac Loan Services offer?

PennyMac Loan Services offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing score and performance metrics.

Where does PennyMac Loan Services offer mortgages?

PennyMac Loan Services is a national lender offering mortgages in all 50 states plus Washington D.C.

How competitive are PennyMac Loan Services's mortgage rates?

PennyMac Loan Services has an overall pricing score of 55.7/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is PennyMac Loan Services?

PennyMac Loan Services is a Independent Mortgage Company headquartered in WILMINGTON, DE.

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PennyMac Loan Services

Independent Mortgage Company•Wilmington, DEHQ•Direct & Wholesale•Reviews near you on Google

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

Mediocre

1/5

No reply within 4+ business days

Awards

Conventional

Superstar

FHA

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

Pull Through

Closing strength

Strong

Top 40% of lenders

By Loan Product· Specialization by type

Conventional

Exceptional

Top 20% of lenders

FHA

Exceptional

Top 10% of lenders

Exceptional

Top 10% of lenders

Jumbo

Exceptional

Top 10% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Exceptional

Top 20% of lenders

Refinance

Exceptional

Top 20% of lenders

By Location· Geographic coverage

Geographic Reach

National · 50 markets

Strong

Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Strong	Exceptional	Sound	Sound	18,942	52.8%	+0.273%Above	$2,455Fees
FHA Loans	Strong	Exceptional	Strong	Sound	10,402	29.0%	+0.265%Above	$369Fees
VA Loans	Strong	Exceptional	Strong	Strong	5,533	15.4%	-0.757%Below	$3,089Fees
Jumbo Loans	Strong	Exceptional	Sound	Strong	1,010	2.8%	+0.205%Above	$2,109Fees

Conventional

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Sound

Volume18,942

Mix52.8%

Spread

+0.273%Above

Fees

$2,455Fees

FHA Loans

Overall

Strong

Product

Exceptional

Pricing

Strong

Pull Through

Sound

Volume10,402

Mix29.0%

Spread

+0.265%Above

Fees

$369Fees

VA Loans

Overall

Strong

Product

Exceptional

Pricing

Strong

Pull Through

Strong

Volume5,533

Mix15.4%

Spread

-0.757%Below

Fees

$3,089Fees

Jumbo Loans

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Strong

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	Strong	Exceptional	Sound	Strong	24,674	68.8%	+0.235%Above	$2,256Fees
Refinance	Strong	Exceptional	Strong	Sound	11,213	31.2%	-0.236%Below	$1,531Fees

Purchase

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Strong

Volume24,674

Mix68.8%

Spread

+0.235%Above

Fees

$2,256Fees

Refinance

Overall

Strong

Product

Exceptional

Pricing

Strong

Pull Through

Sound

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

markets with activity

States Served

Includes Washington, DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

51Nationwide · all 50 states and DC

Northeast9

CTMEMANHNJNYPARIVT

Midwest12

IAILINKSMIMNMONDNEOHSDWI

South17

ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV

West13

AKAZCACOHIIDMTNMNVORUTWAWY

Top Metro Areas by Place Specialization Score

1© Jeffrey Hayes · CC BY 2.0

Harrisburg, PAMetro

Volume 301Mix 0.84% of portfolio

89/100

Exceptional

2© Dough4872 · Public domain

Montgomery County, PAMetro

Volume 510Mix 1.42% of portfolio

88/100

Exceptional

3© Mr. Matté · CC BY-SA 4.0

Lakewood, NJMetro

Volume 517Mix 1.44% of portfolio

84/100

Exceptional

4© Roman Eugeniusz · CC BY-SA 3.0

Las Vegas, NVMetro

Volume 578Mix 1.61% of portfolio

84/100

Exceptional

Savannah, GAMetro

Volume 197Mix 0.55% of portfolio

82/100

Exceptional

Atlanta, GAMetro

Volume 888Mix 2.47% of portfolio

82/100

Exceptional

North Port, FLMetro

Volume 281Mix 0.78% of portfolio

82/100

Exceptional

Tacoma, WAMetro

Volume 205Mix 0.57% of portfolio

81/100

Exceptional

New York, NY-NJMetro

Volume 741Mix 2.06% of portfolio

81/100

Exceptional

Pittsburgh, PAMetro

Volume 342Mix 0.95% of portfolio

79/100

Strong

Showing 10 of 49 metro areas

Top States by Place Specialization Score

PennsylvaniaState

Volume 2,206Mix 6.15% of portfolio

88/100

Exceptional

New JerseyState

Volume 1,267Mix 3.53% of portfolio

85/100

Exceptional

NevadaState

Volume 763Mix 2.13% of portfolio

85/100

Exceptional

GeorgiaState

Volume 1,954Mix 5.44% of portfolio

85/100

Exceptional

WashingtonState

Volume 1,187Mix 3.31% of portfolio

85/100

Exceptional

FloridaState

Volume 3,538Mix 9.86% of portfolio

84/100

Exceptional

CaliforniaState

Volume 3,610Mix 10.06% of portfolio

83/100

Exceptional

TennesseeState

Volume 1,245Mix 3.47% of portfolio

83/100

Exceptional

AlabamaState

Volume 747Mix 2.08% of portfolio

83/100

Exceptional

TexasState

Volume 2,630Mix 7.33% of portfolio

82/100

Exceptional

Showing 10 of 51 states

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 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.