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Fair Value - Financial Statement Items Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Assets:    
Short-term investments at fair value $ 3,720 $ 15,217
Loans held for sale 10,884,506 11,616,400
Derivative assets:    
Derivative asset, before netting 469,285 847,831
Netting (98,016) (136,593)
Total derivative assets 371,269 711,238
Derivative liabilities:    
Derivative liability, before netting 92,139 255,360
Netting (48,229) (212,722)
Net amounts of liabilities presented in the consolidated balance sheet 43,910 42,638
Mortgage servicing liabilities 100,091 45,324
PMT    
Derivative assets:    
Investment in PennyMac Mortgage Investment Trust 1,580 1,105
Interest rate lock commitments    
Derivative assets:    
Total derivative assets 344,128 679,961
Forward contracts | Purchases    
Derivative assets:    
Derivative asset, before netting 55,765 133,267
Derivative liabilities:    
Derivative liability, before netting 23,274 1,276
Forward contracts | Sales    
Derivative assets:    
Derivative asset, before netting 39,597 1,451
Derivative liabilities:    
Derivative liability, before netting 68,347 251,149
MBS put options    
Derivative assets:    
Derivative asset, before netting 13,106 14,302
MBS call options    
Derivative assets:    
Derivative asset, before netting 687  
Call options on interest rate futures | Purchases    
Derivative assets:    
Derivative asset, before netting 2,297 1,391
Put options on interest rate futures | Purchases    
Derivative assets:    
Derivative asset, before netting 2,664 5,520
Level 3    
Assets:    
Loans held for sale 3,818,261 4,675,169
Level 3 | Interest rate lock commitments    
Assets:    
Loans held for sale 343,610 677,026
Recurring basis    
Assets:    
Short-term investments at fair value 3,720 15,217
Loans held for sale 10,884,506 11,616,400
Derivative assets:    
Derivative asset, before netting 469,285 847,831
Netting (98,016) (136,593)
Total derivative assets 371,269 711,238
Mortgage servicing rights at fair value 3,412,648 2,581,174
Total assets 14,673,723 14,925,134
Derivative liabilities:    
Derivative liability, before netting 92,139 255,360
Netting (48,229) (212,722)
Net amounts of liabilities presented in the consolidated balance sheet 43,910 42,638
Mortgage servicing liabilities 100,091 45,324
Total liabilities 144,001 219,712
Recurring basis | PMT    
Derivative assets:    
Investment in PennyMac Mortgage Investment Trust 1,580 1,105
Derivative liabilities:    
Excess servicing spread financing at fair value to affiliate   131,750
Recurring basis | Interest rate lock commitments    
Derivative assets:    
Derivative asset, before netting 344,128 679,961
Derivative liabilities:    
Derivative liability, before netting 518 2,935
Recurring basis | Forward contracts | Purchases    
Derivative assets:    
Derivative asset, before netting 55,765 133,267
Derivative liabilities:    
Derivative liability, before netting 23,274 1,276
Recurring basis | Forward contracts | Sales    
Derivative assets:    
Derivative asset, before netting 39,597 1,451
Derivative liabilities:    
Derivative liability, before netting 68,347 251,149
Recurring basis | MBS put options    
Derivative assets:    
Derivative asset, before netting 13,106 14,302
Recurring basis | MBS call options    
Derivative assets:    
Derivative asset, before netting 687  
Recurring basis | Swaptions | Purchases    
Derivative assets:    
Derivative asset, before netting 11,041 11,939
Recurring basis | Call options on interest rate futures | Purchases    
Derivative assets:    
Derivative asset, before netting 2,297 1,391
Recurring basis | Put options on interest rate futures | Purchases    
Derivative assets:    
Derivative asset, before netting 2,664 5,520
Recurring basis | Level 1    
Assets:    
Short-term investments at fair value 3,720 15,217
Derivative assets:    
Derivative asset, before netting 4,961 6,911
Total derivative assets 4,961 6,911
Total assets 10,261 23,233
Recurring basis | Level 1 | PMT    
Derivative assets:    
Investment in PennyMac Mortgage Investment Trust 1,580 1,105
Recurring basis | Level 1 | Call options on interest rate futures | Purchases    
Derivative assets:    
Derivative asset, before netting 2,297 1,391
Recurring basis | Level 1 | Put options on interest rate futures | Purchases    
Derivative assets:    
Derivative asset, before netting 2,664 5,520
Recurring basis | Level 2    
Assets:    
Loans held for sale 7,066,245 6,941,231
Derivative assets:    
Derivative asset, before netting 120,196 160,959
Total derivative assets 120,196 160,959
Total assets 7,186,441 7,102,190
Derivative liabilities:    
Derivative liability, before netting 91,621 252,425
Net amounts of liabilities presented in the consolidated balance sheet 91,621 252,425
Total liabilities 91,621 252,425
Recurring basis | Level 2 | Forward contracts | Purchases    
Derivative assets:    
Derivative asset, before netting 55,765 133,267
Derivative liabilities:    
Derivative liability, before netting 23,274 1,276
Recurring basis | Level 2 | Forward contracts | Sales    
Derivative assets:    
Derivative asset, before netting 39,597 1,451
Derivative liabilities:    
Derivative liability, before netting 68,347 251,149
Recurring basis | Level 2 | MBS put options    
Derivative assets:    
Derivative asset, before netting 13,106 14,302
Recurring basis | Level 2 | MBS call options    
Derivative assets:    
Derivative asset, before netting 687  
Recurring basis | Level 2 | Swaptions | Purchases    
Derivative assets:    
Derivative asset, before netting 11,041 11,939
Recurring basis | Level 3    
Assets:    
Loans held for sale 3,818,261 4,675,169
Derivative assets:    
Derivative asset, before netting 344,128 679,961
Total derivative assets 344,128 679,961
Mortgage servicing rights at fair value 3,412,648 2,581,174
Total assets 7,575,037 7,936,304
Derivative liabilities:    
Derivative liability, before netting 518 2,935
Net amounts of liabilities presented in the consolidated balance sheet 518 2,935
Mortgage servicing liabilities 100,091 45,324
Total liabilities 100,609 180,009
Recurring basis | Level 3 | PMT    
Derivative liabilities:    
Excess servicing spread financing at fair value to affiliate   131,750
Recurring basis | Level 3 | Interest rate lock commitments    
Derivative assets:    
Derivative asset, before netting 344,128 679,961
Derivative liabilities:    
Derivative liability, before netting $ 518 $ 2,935