Pennymac Cuts Lending and Fulfillment Roles in New Layoff Round

NewsData.io · United States · Jul 29, 2026

Pennymac has eliminated an undisclosed number of positions in its lending and mortgage fulfillment operations, citing sustained high interest rates and reduced industry loan volumes. Affected roles include loan consultants, managers, and team leaders — the second significant headcount reduction in a month following the closure of its Franklin, Tennessee consumer direct lending office. The cuts come as the company prepares to close its $257.5 million acquisition of subservicer Cenlar in the second half of the year. Mortgage sector staffing firms should note continued contraction in loan origination and fulfillment headcount as the higher-for-longer rate environment persists.