Carrollton Welcomes Pennymac and More Than 1800 New Jobs

New Hub Expands Opportunities in Technology, Sales, Operations, and Servicing

The City of Carrollton announces Pennymac, one of the nation's top mortgage lenders and servicers, is establishing a new hub in Carrollton supporting growth for both the company and the community.

PennyMac Financial Services, Inc. (New York Stock Exchange: PFSI) and PennyMac Mortgage Investment Trust (collectively "Pennymac") offers home purchasing and refinancing loans, home equity solutions, loan tools and resources, and is part of PennyMac Loan Services, LLC.

"Pennymac's decision to establish a location in Carrollton speaks volumes about the strength of our City as a place to do business," Carrollton Mayor Steve Babick said. "With over 1,800 jobs coming to the community, this partnership will have a lasting impact on Carrollton's economy and workforce. The City looks forward to supporting the company's success here for years to come."

The company will initially occupy 150,000 square feet at 5025 Plano Parkway, with plans to expand to 300,000 square feet, Babick said. Pennymac is dedicated to creating new opportunities for its current and prospective employees by growing its sales, operations, and technology divisions, supporting City Council's directive for Carrollton as the place that families and businesses want to call home.

"We are building a team that will relentlessly accelerate our growth as we work to redefine what's possible in the mortgage industry by delivering a superior customer experience that is more personal and streamlined," Pennymac President and Chief Mortgage Banking Officer Doug Jones said.

For over 15 years, Pennymac has established itself as a leading and respected mortgage lender and servicer, helping more than 5 million homeowners achieve their aspirations of home ownership and managing nearly $700 billion in loans, Jones continued.

"Our new location in Carrollton is a direct result of our commitment to our people and our belief in the future of our industry," Pennymac Chief Production Operations Officer Paul Szymanski said. "Through this investment in a best-in-class facility and access to the exceptional talent in the Dallas-Fort Worth area, we will drive growth for Pennymac."

Headquartered in Westlake Village, California, the company currently has fifteen locations nationwide, including its newest addition with Carrollton.

"Carrollton is known for its strong manufacturing base and innovative companies, and the City is seeing more and more corporate office-caliber companies joining that mix," Carrollton Director of Economic Development Jenny Zeilfelder said. "This is a big win for the City. It will benefit our workforce, strengthen our corporate landscape, and continue the momentum Carrollton is experiencing."

Pennymac expects to begin operations in Carrollton by the end of 2025. For more information regarding job opportunities at Pennymac, visit pennymac.com/careers.

For more information on Carrollton community and economic development, visit carrolltontxdevelopment.com.