Lenders › Pennymac Loan Services LLC › California
Pennymac Loan Services LLC in California
HMDA record for properties in California, calendar year 2024. National record · California 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.
Pennymac Loan Services LLC's 2024 HMDA record for California covers 12,416 applications, 6,554 of them originated, worth $3.4bn.
Its denial rate in the state was 22.2%, below the California rate of 24.8% across all lenders and compared with the lender's national rate of 20.6%.
The median rate spread on its California originations was 0.3 percentage points (state median 0.4).
Applications in the state were up 37% on 2023.
Compared with the state and the lender's national record
| Measure | In California | California, all lenders | Pennymac Loan Services LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 22.2% | 24.8% | 20.6% | 24.3% |
| Median rate spread, pp | 0.3 | 0.4 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 25.0% | 19.9% | 20.4% | 15.6% |
| Average originated loan | $514k | $566k | $337k | $329k |
| Home purchase share | 48.4% | 51.2% | 41.8% | 57.0% |
| FHA-insured share | 18.9% | 11.4% | 22.4% | 13.4% |
| VA-guaranteed share | 12.5% | 4.8% | 22.3% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateCalifornia, all lenders
Loan purpose and loan type in California
By purpose
Home purchase 48% (3,170)Refinancing 17% (1,115)Cash-out refinancing 13% (873)Other purpose 21% (1,396)
By type
Conventional 69% (4,496)FHA 19% (1,238)VA 13% (820)
Denial reasons as coded
Share of 1,940 denials in California by first denial reason coded (outlined bar: all lenders in the state).
Counties in California
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 2,073 | 998 | $612m | 26.8% |
| San Diego County | 1,531 | 902 | $598m | 18.1% |
| Riverside County | 1,266 | 677 | $269m | 23.6% |
| San Bernardino County | 996 | 490 | $170m | 26.0% |
| Orange County | 836 | 459 | $318m | 21.7% |
| Sacramento County | 637 | 359 | $143m | 16.9% |
| Fresno County | 431 | 222 | $71m | 19.6% |
| Kern County | 430 | 202 | $56m | 21.1% |
| Contra Costa County | 386 | 199 | $113m | 23.0% |
| San Joaquin County | 333 | 189 | $73m | 17.6% |
| Ventura County | 322 | 177 | $95m | 19.6% |
| Alameda County | 310 | 169 | $129m | 23.1% |
| Placer County | 268 | 159 | $79m | 21.7% |
| Santa Clara County | 258 | 129 | $113m | 26.4% |
| Solano County | 200 | 121 | $54m | 15.9% |
| Tulare County | 226 | 97 | $20m | 22.9% |
| San Luis Obispo County | 138 | 82 | $46m | 16.2% |
| Sonoma County | 139 | 76 | $41m | 20.4% |
| Stanislaus County | 175 | 75 | $22m | 29.1% |
| Madera County | 100 | 61 | $22m | 9.9% |
| El Dorado County | 95 | 60 | $27m | 21.8% |
| Monterey County | 99 | 48 | $29m | 26.2% |
| Imperial County | 75 | 47 | $14m | 21.7% |
| Kings County | 102 | 46 | $11m | 27.5% |
| San Mateo County | 83 | 43 | $43m | 22.4% |
| Merced County | 82 | 39 | $12m | 26.8% |
| Santa Barbara County | 88 | 35 | $15m | 26.0% |
| San Francisco County | 66 | 31 | $29m | 20.9% |
| Shasta County | 53 | 31 | $7.0m | 22.0% |
| Yolo County | 58 | 30 | $12m | 17.9% |
| Marin County | 45 | 30 | $25m | 13.5% |
| San Benito County | 40 | 26 | $12m | 12.9% |
| Santa Cruz County | 50 | 25 | $15m | 24.2% |
| Butte County | 41 | 23 | $6.3m | 21.9% |
| Humboldt County | 38 | 20 | $5.6m | 23.1% |
| Napa County | 35 | 19 | $11m | 23.1% |
| Yuba County | 35 | 19 | $6.6m | 29.6% |
| Nevada County | 45 | 17 | $7.8m | 39.3% |
| Calaveras County | 27 | 13 | $5.1m | — |
| Sutter County | 27 | 12 | $4.2m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Pennymac Loan Services LLC originate in California in 2024?
6,554 loans totalling $3.4bn, from 12,416 applications reported for properties in California.
What is Pennymac Loan Services LLC's denial rate in California?
22.2% of decided applications in California were denied, against 24.8% 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 California counties does Pennymac Loan Services LLC lend in most?
By originations: Los Angeles County (998), San Diego County (902), Riverside County (677), San Bernardino County (490), Orange County (459).
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 California. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.