PennyMac Financial Services, Inc.

PennyMac Financial Services, Inc. is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.

PennyMac Financial was founded in 2008 by members of our executive leadership team and two strategic partners, BlackRock Mortgage Ventures, LLC and HC Partners, LLC, formerly known as Highfields Capital Investments, LLC. Since then, we have built what we believe is an industry-leading operational platform to pursue business opportunities in the U.S. mortgage market. We have a strong track record of performance and earnings growth, driven by solid execution of our growth strategies while remaining focused on quality and governance.

PennyMac Financial operates in three business segments: Loan Production, Loan Servicing and Investment Management. As of December 31 2015, we are the 6th largest originator and the 11th largest servicer in the U.S. according to Inside Mortgage Finance. In our Investment Management business, we manage private investment funds and PennyMac Mortgage Investment Trust (NYSE: PMT), a publicly-traded mortgage REIT. PMT is a tax- efficient vehicle for investing in mortgage-related assets and a capital partner that helps reduce our balance sheet requirements compared to a typical mortgage company.

We believe that PennyMac Financial is a unique company in the U.S. mortgage sector. We have a diversified business model that includes complementary strategies that have generated strong and growing profits across a range of market environments. We believe that the deep experience of our senior management and our strong commitment to corporate governance, compliance, and risk management are essential to PennyMac Financial's continued success and long-term growth.