PennyMac to Acquire Cenlar Subservicing Business

PennyMac Financial Services is pursuing a transaction to acquire Cenlar’s subservicing business. The investor update presentation frames Cenlar as a large subservicer with $740 billion in subserviced UPB and 2.0 million loans across a diversified servicing footprint.

The materials describe the proposed transaction and related forward-looking statements about timing, approvals, and integration outcomes, with closing expected to be subject to required approvals and the execution of definitive agreements.