Continued investment in next-generation lending technology aimed at lowering costs and expanding access to homeownership

PennyMac Financial Services, Inc. (NYSE:PFSI) (Pennymac or the company), one of America’s leading U.S. mortgage lenders and servicers, today announced it has completed deployment of VantageScore® 4.0 across its entire production platform, including consumer direct, broker direct, and correspondent channels.

The deployment follows April 2026 announcements from the Federal Housing Finance Agency (FHFA) and the Department of Housing and Urban Development (HUD) that opened the conventional and FHA markets to credit score competition for the first time in decades. Where older models evaluate a borrower using a single snapshot of a credit file, next-generation models such as VantageScore® 4.0 incorporate trended data, looking at how a borrower has managed credit over up to 24 months rather than at one moment in time.