Pennymac Acquires Cenlar's Subservicing Business for $172.5M, $1T UPB.
ByAinvest
Wednesday, Feb 11, 2026 4:34 pm ET1min read
PFSI--
PennyMac Financial Services has acquired Cenlar's subservicing business for $172.5 million upfront and up to $85 million in contingent consideration. The deal adds up to $740 billion in mortgage loan subservicing and 2 million loans to PennyMac's portfolio, bringing its total to over $1 trillion in unpaid principal balance.
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