PennyMac Financial Services Inc. has appointed Doug Jones president and chief mortgage banking officer, responsible for all activities relating to the company’s loan production and loan servicing businesses.
Jones had previously served as the company’s senior managing director and chief mortgage banking officer, as well as president of PennyMac Loan Services, the company’s mortgage banking subsidiary.
“I am pleased to announce this promotion for Doug, which reflects the company’s continued focus on succession planning,” says PFSI chairman and CEO David A. Spector. “Doug is an extremely focused and committed leader who is widely regarded as one of the most experienced and capable mortgage executives in our industry.”
PennyMac 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.