Pennymac Financial Services, Inc. · NYSE:PFSI
Pennymac Financial Services — J.P. Morgan FinTech and Specialty Finance Forum 2015
9 slides from Pennymac Financial Services's conference presentation, Dec 2, 2015
Slide 1: J.P. Morgan FinTech and Specialty Finance Forum December 2015
J.P. Morgan FinTech and Specialty Finance Forum December 2015
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding management’s beliefs, estimates, projections and assumptions with respect to, among other things, the Company’s financial r
Slide 3: PennyMac Financial Is a Leading Mortgage Specialist
PennyMac Financial Is a Leading Mortgage Specialist • Specialized, highly scalable mortgage platform with over 2,500 employees • Best-in-class operations developed organically – not through acquisitions • Founded in 2008 by management and strategic partners, BlackRock and Highfields Capital • Public
Slide 4: The U.S. Residential Mortgage Market Today
The U.S. Residential Mortgage Market Today 2015 est. origination volume: $1.6 trillion(1) Mortgage debt outstanding: $10 trillion • Most non-bank lenders are regional specialists with net worth <$10 million Share of 2014 Originations(2) • Many sell the loans they originate to 100% = $1.5 trillion ag
Slide 5: Keys to Success for a Non-Bank Mortgage Enterprise
Keys to Success for a Non-Bank Mortgage Enterprise • Sophisticated operational capabilities that address the demands of the government mortgage agencies, regulators and bank partners • Strong focus on governance, compliance and risk management • Operational effectiveness and ability to scale, e.g.,
Slide 6: The Future of Mortgage Loan Originations
The Future of Mortgage Loan Originations Consumer direct lending has significant PennyMac Financial is uniquely positioned advantages over the branch-based model to be a leading consumer direct lender • Direct model has taken over other consumer • Servicing portfolio with over 800,000 existing finan
Slide 7: Technology Is a Key Element of PFSI's Leading Operational Platform
Technology Is a Key Element of PFSI’s Leading Operational Platform Leading Technology Currently in Place and Under Development Loan Servicing • Proprietary applications in place include workflow management, loss mitigation, default process tracking, electronic document storage and rendering, and fro
Slide 8: PennyMac Has Leadership in Specialized Areas of the Mortgage Market
PennyMac Has Leadership in Specialized Areas of the Mortgage Market New MBS Issuance by Agency(1) Selected Default Servicing Metrics ($ in billions) (as of 9/30/15) $140 Special servicing portfolio (UPB) $4.0 billion $120 $100 ■ Ginnie Mae Special servicing portfolio (loans) 14,249 $80 ■ Fannie Mae
Slide 9: PFSI Continues to Deliver Strong Earnings and Book Value Growth
PFSI Continues to Deliver Strong Earnings and Book Value Growth Diluted Earnings per Share $2.12 $1.73 +20% $1.58 $1.32 $0.82 N/A (1) 2012 2013 2014 2015 YTD 9M14 9M15 Annualized Book Value per Share ($ in millions) $11.67 +23% $9.92 $11.67 $8.04 $9.47 $7.27 6/30/13 12/31/13 12/31/14 9/30/15 9/30/14
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