Pennymac Financial Services, Inc. and Pennymac Mortgage Investment Trust Announces Resignation of Andrew S. Chang from the Positions of Senior Managing Director and Chief Operating Officer and Assumes A New Position as Special Advisor to the Chairman and CEO
November 18, 2021 at 04:30 pm EST
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PennyMac Financial Services, Inc. and PennyMac Mortgage Investment Trust announced that Andrew S. Chang has decided to step down from the positions of Senior Managing Director and Chief Operating Officer of both PFSI and PMT on December 31, 2021, in order to pursue other interests. Mr. Chang will assume a new position as Special Advisor to the Chairman and CEO, David Spector, at PFSI and PMT.
PennyMac Financial Services, Inc. is a specialty financial services company, which is focused on the production and servicing of the United States mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: production, servicing (together, production and servicing comprise its mortgage banking activities) and investment management. The production segment performs loan origination, acquisition and sale activities for its account, as well as for PennyMac Mortgage Investment Trust (PMT). The servicing segment performs loan servicing for both newly originated loans it is holding for sale and loans its services for others, including for PMT. The investment management segment performs investment management activities for PMT, which include the activities associated with investment asset acquisitions and dispositions such as sourcing, due diligence, negotiation and settlement.
Pennymac Financial Services, Inc. and Pennymac Mortgage Investment Trust Announces Resignation of Andrew S. Chang from the Positions of Senior Managing Director and Chief Operating Officer and Assumes A New Position as Special Advisor to the Chairman and CEO
PENNYMAC FINANCIAL SERVICES, INC. 
