Lenders › Pennymac Loan Services LLC › Alabama
Pennymac Loan Services LLC in Alabama
HMDA record for properties in Alabama, calendar year 2024. National record · Alabama overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
In Alabama, Pennymac Loan Services LLC reported 2,736 applications and 1,381 originations for 2024, $366m in all.
Its denial rate in the state was 17.9%, below the Alabama rate of 26.3% across all lenders and compared with the lender's national rate of 20.6%.
The median rate spread on its Alabama originations was 0.2 percentage points (state median 0.4).
Applications in the state were up 34% on 2023.
Compared with the state and the lender's national record
| Measure | In Alabama | Alabama, all lenders | Pennymac Loan Services LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 17.9% | 26.3% | 20.6% | 24.3% |
| Median rate spread, pp | 0.2 | 0.4 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 18.0% | 16.5% | 20.4% | 15.6% |
| Average originated loan | $265k | $228k | $337k | $329k |
| Home purchase share | 39.8% | 59.0% | 41.8% | 57.0% |
| FHA-insured share | 21.7% | 18.0% | 22.4% | 13.4% |
| VA-guaranteed share | 32.2% | 12.5% | 22.3% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateAlabama, all lenders
Loan purpose and loan type in Alabama
By purpose
Home purchase 40% (549)Refinancing 28% (392)Cash-out refinancing 17% (228)Other purpose 15% (212)
By type
Conventional 46% (636)FHA 22% (300)VA 32% (444)USDA 0% (1)
Denial reasons as coded
Share of 314 denials in Alabama by first denial reason coded (outlined bar: all lenders in the state).
Counties in Alabama
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Madison County | 334 | 163 | $46m | 17.8% |
| Jefferson County | 301 | 156 | $38m | 20.1% |
| Lee County | 184 | 135 | $48m | 9.3% |
| Shelby County | 177 | 111 | $32m | 11.8% |
| Baldwin County | 176 | 82 | $22m | 24.1% |
| Mobile County | 172 | 61 | $15m | 23.3% |
| Montgomery County | 117 | 61 | $16m | 11.6% |
| Limestone County | 105 | 57 | $15m | 21.6% |
| Morgan County | 83 | 44 | $10m | 22.4% |
| Houston County | 71 | 42 | $11m | 8.0% |
| Russell County | 76 | 36 | $9.3m | 9.3% |
| Cullman County | 62 | 34 | $7.5m | 9.8% |
| Tuscaloosa County | 83 | 32 | $7.9m | 35.3% |
| Coffee County | 78 | 31 | $7.9m | 19.0% |
| Etowah County | 49 | 27 | $5.9m | 12.5% |
| Calhoun County | 60 | 26 | $5.1m | 19.4% |
| St. Clair County | 54 | 24 | $6.3m | 20.0% |
| Marshall County | 41 | 20 | $5.5m | — |
| Elmore County | 52 | 18 | $4.0m | — |
| Dale County | 36 | 18 | $4.6m | — |
| Lauderdale County | 35 | 17 | $3.4m | — |
| Blount County | 28 | 16 | $2.6m | — |
| Autauga County | 25 | 14 | $3.5m | — |
| Talladega County | 28 | 13 | $2.7m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Pennymac Loan Services LLC originate in Alabama in 2024?
1,381 loans totalling $366m, from 2,736 applications reported for properties in Alabama.
What is Pennymac Loan Services LLC's denial rate in Alabama?
17.9% of decided applications in Alabama were denied, against 26.3% for all lenders in the state and 20.6% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Alabama counties does Pennymac Loan Services LLC lend in most?
By originations: Madison County (163), Jefferson County (156), Lee County (135), Shelby County (111), Baldwin County (82).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Alabama. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.