PennyMac Financial Services Inc. (PFSI) on Tuesday reported net income of $136.5 million for Q2 2025 on revenue of $444.7 million, which executives attributed to big strides made in the broker channel and a servicing portfolio that has surpassed $700 billion UPB.

During the earnings call, CEO and Chairman David Spector commented that PennyMac was experiencing “remarkable growth” in the broker-direct channel and repeated the company’s aggressive goal to double its 5% broker market share by the end of 2026. He also boasted a refinancing recapture rate that is “twice the industry average.”

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