PennyMac is a financial services company that specializes in the origination of mortgage loans along with mortgage authority. It was founded in 2008 and is headquartered in Westlake Village, California. PennyMac and mortgage authority offers a variety of mortgage products, including conventional, government-backed, and non-conventional loans, as well as loan servicing and mortgage-backed securities. The company aims to provide borrowers with convenient, flexible, and responsible lending options to help them purchase or refinance a home.