PennyMac to establish new mortgage origination center in Franklin

PennyMac Financial Services, Inc., will invest $3.9 million to open a new location in Franklin, creating 325 new jobs. Headquartered in Westlake Village, Calif., Pennymac expanded its West Coast operations to Tennessee by establishing a new mortgage origination center in Franklin. The Franklin facility is essential to Pennymac’s consumer direct lending business, which relies on its dedicated staff to actively acquire and interact with customers across the country. Founded in 2008, the corporation currently assists more than 2 million customers nationwide and has over 7,000 employees across 16 locations. In 2021, Pennymac ranked fourth in Fortune’s 100 Fastest-Growing Companies in the world. The organization is an equal opportunity employer and is committed to attracting, developing and engaging a diverse workforce that empowers the communities where it lives and serves.