v3.26.1
Segments (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
USD ($)
segment
Mar. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
Segments and Related Information      
Number of operating segments | segment 2    
Number of reportable segments | segment 2    
Revenues:      
Net gains on loans held for sale at fair value $ 344,985 $ 221,037  
Loan origination fees 72,446 46,611  
Fulfillment fees from PennyMac Mortgage Investment Trust 5,737 5,290  
Net loan servicing fees 152,830 164,286  
Management fees 6,762 7,012  
Net interest (expense) income :      
Interest income 208,179 189,871  
Interest expense 249,722 208,082  
Net interest income (expense) (41,543) (18,211)  
Other 3,767 4,878  
Total net revenues 544,984 430,903  
Expenses:      
Compensation 216,393 181,988  
Loan origination 79,696 44,096  
Technology 46,132 40,197  
Servicing 38,233 21,875  
Professional services 14,399 9,037  
Occupancy and equipment 9,991 8,382  
Marketing and advertising 21,094 9,432  
Other 14,355 11,700  
Total expenses 440,293 326,707  
Income before provision for income taxes 104,691 104,196  
Acquisition of:      
Segment assets at end of quarter 31,943,998 23,872,876 $ 29,388,689
Capitalized software 15,925 7,137  
Furniture, fixtures, equipment and building improvements 2,250 371  
Amortization of capitalized software 11,701 11,981  
Impairment of capitalized software 317    
Depreciation and amortization of furniture, fixtures, equipment and building improvements 13,510 13,896  
Furniture, Fixtures, Equipment and Building Improvements      
Acquisition of:      
Depreciation and amortization of furniture, fixtures, equipment and building improvements 1,809 1,915  
Operating segment      
Revenues:      
Net gains on loans held for sale at fair value 344,985 221,037  
Loan origination fees 72,446 46,611  
Fulfillment fees from PennyMac Mortgage Investment Trust 5,737 5,290  
Net loan servicing fees 152,830 164,286  
Net interest (expense) income :      
Interest income 207,921 189,422  
Interest expense 249,722 208,082  
Net interest income (expense) (41,801) (18,660)  
Other (2,191) (42)  
Total net revenues 532,006 418,522  
Expenses:      
Compensation 188,801 151,839  
Loan origination 79,696 44,096  
Technology 41,171 35,485  
Servicing 38,233 21,875  
Professional services 7,729 4,815  
Occupancy and equipment 7,834 6,857  
Marketing and advertising 12,465 8,396  
Other 9,851 7,215  
Total expenses 385,780 280,578  
Income before provision for income taxes 146,226 137,944  
Acquisition of:      
Segment assets at end of quarter 31,852,224 23,807,703  
Capitalized software 7,021 7,137  
Furniture, fixtures, equipment and building improvements 1,964 216  
Amortization of capitalized software 11,296 11,887  
Impairment of capitalized software 317    
Operating segment | Furniture, Fixtures, Equipment and Building Improvements      
Acquisition of:      
Depreciation and amortization of furniture, fixtures, equipment and building improvements 1,427 1,613  
Operating segment | Mortgage banking Production      
Revenues:      
Net gains on loans held for sale at fair value 311,201 187,145  
Loan origination fees 72,446 46,611  
Fulfillment fees from PennyMac Mortgage Investment Trust 5,737 5,290  
Net interest (expense) income :      
Interest income 112,999 85,288  
Interest expense 95,588 76,526  
Net interest income (expense) 17,411 8,762  
Other 125 131  
Total net revenues 406,920 247,939  
Expenses:      
Compensation 136,264 98,869  
Loan origination 79,696 44,096  
Technology 30,054 25,100  
Professional services 5,649 3,134  
Occupancy and equipment 5,332 4,128  
Marketing and advertising 11,951 8,023  
Other 4,399 2,646  
Total expenses 273,345 185,996  
Income before provision for income taxes 133,575 61,943  
Acquisition of:      
Segment assets at end of quarter 10,435,743 7,346,079  
Capitalized software 6,737 5,409  
Furniture, fixtures, equipment and building improvements 1,458 187  
Amortization of capitalized software 9,766 10,221  
Impairment of capitalized software 317    
Operating segment | Mortgage banking Production | Furniture, Fixtures, Equipment and Building Improvements      
Acquisition of:      
Depreciation and amortization of furniture, fixtures, equipment and building improvements 993 968  
Operating segment | Mortgage banking Servicing      
Revenues:      
Net gains on loans held for sale at fair value 33,784 33,892  
Net loan servicing fees 152,830 164,286  
Net interest (expense) income :      
Interest income 94,922 104,134  
Interest expense 154,134 131,556  
Net interest income (expense) (59,212) (27,422)  
Other (2,316) (173)  
Total net revenues 125,086 170,583  
Expenses:      
Compensation 52,537 52,970  
Technology 11,117 10,385  
Servicing 38,233 21,875  
Professional services 2,080 1,681  
Occupancy and equipment 2,502 2,729  
Marketing and advertising 514 373  
Other 5,452 4,569  
Total expenses 112,435 94,582  
Income before provision for income taxes 12,651 76,001  
Acquisition of:      
Segment assets at end of quarter 21,416,481 16,461,624  
Capitalized software 284 1,728  
Furniture, fixtures, equipment and building improvements 506 29  
Amortization of capitalized software 1,530 1,666  
Operating segment | Mortgage banking Servicing | Furniture, Fixtures, Equipment and Building Improvements      
Acquisition of:      
Depreciation and amortization of furniture, fixtures, equipment and building improvements 434 645  
Corporate and other      
Revenues:      
Management fees 6,762 7,012  
Net interest (expense) income :      
Interest income 258 449  
Net interest income (expense) 258 449  
Other 5,958 4,920  
Total net revenues 12,978 12,381  
Expenses:      
Compensation 27,592 30,149  
Technology 4,961 4,712  
Professional services 6,670 4,222  
Occupancy and equipment 2,157 1,525  
Marketing and advertising 8,629 1,036  
Other 4,504 4,485  
Total expenses 54,513 46,129  
Income before provision for income taxes (41,535) (33,748)  
Acquisition of:      
Segment assets at end of quarter 91,774 65,173  
Capitalized software 8,904    
Furniture, fixtures, equipment and building improvements 286 155  
Amortization of capitalized software 405 94  
Corporate and other | Furniture, Fixtures, Equipment and Building Improvements      
Acquisition of:      
Depreciation and amortization of furniture, fixtures, equipment and building improvements $ 382 $ 302