The company's servicing business demonstrated its strength by recording $88.5 million in pretax income in Q2 2024, compared to $4.9 million in the prior quarter and $46.5 million in Q2 2023.
PennyMac Financial's servicing portfolio grew to $632.7 billion in UPB by leveraging production volumes in the second quarter, driven by a multifaceted mortgage production approach and access to newly originated mortgages.
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