Lenders › Pennymac Loan Services LLC › Washington
Pennymac Loan Services LLC in Washington
HMDA record for properties in Washington, calendar year 2024. National record · Washington 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 Washington covers 3,827 applications, 2,241 of them originated, worth $990m.
Its denial rate in the state was 16.3%, below the Washington rate of 21.3% across all lenders and compared with the lender's national rate of 20.6%.
The median rate spread on its Washington originations was 0.2 percentage points (state median 0.4).
Applications in the state were up 52% on 2023.
Compared with the state and the lender's national record
| Measure | In Washington | Washington, all lenders | Pennymac Loan Services LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 16.3% | 21.3% | 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 | 24.7% | 15.8% | 20.4% | 15.6% |
| Average originated loan | $442k | $440k | $337k | $329k |
| Home purchase share | 47.3% | 54.5% | 41.8% | 57.0% |
| FHA-insured share | 12.4% | 9.9% | 22.4% | 13.4% |
| VA-guaranteed share | 18.9% | 8.6% | 22.3% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateWashington, all lenders
Loan purpose and loan type in Washington
By purpose
Home purchase 47% (1,061)Refinancing 19% (420)Cash-out refinancing 14% (303)Other purpose 20% (457)
By type
Conventional 69% (1,539)FHA 12% (277)VA 19% (423)USDA 0% (2)
Denial reasons as coded
Share of 451 denials in Washington by first denial reason coded (outlined bar: all lenders in the state).
Counties in Washington
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| King County | 934 | 575 | $338m | 16.9% |
| Pierce County | 680 | 412 | $168m | 16.3% |
| Snohomish County | 509 | 295 | $149m | 18.4% |
| Clark County | 252 | 153 | $60m | 14.6% |
| Spokane County | 235 | 117 | $34m | 17.8% |
| Kitsap County | 193 | 106 | $45m | 13.4% |
| Thurston County | 166 | 99 | $36m | 13.4% |
| Whatcom County | 99 | 69 | $31m | 9.0% |
| Benton County | 83 | 47 | $15m | 10.5% |
| Yakima County | 83 | 40 | $9.4m | 21.2% |
| Lewis County | 56 | 35 | $11m | 12.5% |
| Mason County | 49 | 30 | $9.7m | 14.3% |
| Island County | 54 | 29 | $11m | 12.1% |
| Cowlitz County | 50 | 25 | $7.8m | 16.1% |
| Grays Harbor County | 46 | 24 | $6.3m | 26.5% |
| Clallam County | 31 | 23 | $7.0m | 11.1% |
| Franklin County | 43 | 19 | $5.6m | 19.2% |
| Walla Walla County | 26 | 17 | $4.3m | — |
| Skagit County | 39 | 16 | $8.1m | 36.0% |
| Chelan County | 27 | 15 | $5.3m | — |
| Grant County | 30 | 14 | $4.1m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Pennymac Loan Services LLC originate in Washington in 2024?
2,241 loans totalling $990m, from 3,827 applications reported for properties in Washington.
What is Pennymac Loan Services LLC's denial rate in Washington?
16.3% of decided applications in Washington were denied, against 21.3% 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 Washington counties does Pennymac Loan Services LLC lend in most?
By originations: King County (575), Pierce County (412), Snohomish County (295), Clark County (153), Spokane County (117).
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 Washington. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.