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Business Description :
PennyMac Financial Services Inc is a United States-based financial services company. The company operates through three segments: loan production, which conducts mortgage loan origination, acquisition, and sale activities; loan servicing, which conducts servicing of mortgage loans and execution and management of EBOs; and investment management, which refers to the investment manager's activities, including sourcing, performing diligence, and bidding and closing investment asset acquisitions. The company generates the majority of its total revenue from mortgage banking activities, including the loan production segment and the loan servicing segment.