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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net gains on loans held for sale at fair value:      
Net gains on loans held for sale at fair value $ 791,633 $ 2,464,401 $ 2,740,785
Loan origination fees 169,859 384,154 285,551
Fulfillment fees from PennyMac Mortgage Investment Trust 67,991 178,927 222,200
Loan servicing fees      
Loan servicing fees 1,228,637 1,075,112 998,291
Change in fair value of mortgage servicing rights and mortgage servicing liabilities 354,176 (415,906) (1,501,993)
Changes in fair value included in income   (1,037) 24,970
Mortgage servicing rights hedging results (631,484) (475,215) 918,180
Change in fair value of excess servicing spread financing payable to PennyMac Mortgage Investment Trust (277,308) (892,158) (558,843)
Net loan servicing fees 951,329 182,954 439,448
Interest income:      
Interest income 294,062 300,169 247,026
Interest expense:      
Interest expense 335,427 390,699 271,551
Net interest expense (41,365) (90,530) (24,525)
Management fees, net:      
Management fees from PennyMac Mortgage Investment Trust 31,065 37,801 34,538
Change in fair value of investment in and dividends received from PennyMac Mortgage Investment Trust (235) 336 (453)
Result of real estate acquired in settlement of loans 2,510 1,993 1,036
Repricing of payable to exchanged Private National Mortgage Acceptance Company , LLC unitholders 576   280
Other 12,392 7,325 6,737
Total net revenue 1,985,755 3,167,361 3,705,597
Expenses      
Compensation 735,231 999,802 738,569
Loan origination 173,622 330,788 219,746
Technology 139,950 141,426 112,570
Professional services 73,270 94,283 64,064
Servicing 59,628 109,835 256,934
Marketing and advertising 46,762 44,806 8,658
Occupancy and equipment 40,124 35,810 33,357
Other 51,921 51,428 31,090
Total expenses 1,320,508 1,808,178 1,464,988
Income before provision for income taxes 665,247 1,359,183 2,240,609
Provision for income taxes 189,740 355,693 593,725
Net income attributable to PennyMac Financial Services, Inc. common stockholders $ 475,507 $ 1,003,490 $ 1,646,884
Earnings per share      
Basic (in dollars per share) $ 8.96 $ 15.73 $ 21.91
Diluted (in dollars per share) $ 8.50 $ 14.87 $ 20.92
Weighted-average shares outstanding      
Basic (in shares) 53,065 63,799 75,161
Diluted (in shares) 55,950 67,471 78,728
Non-affiliates      
Net gains on loans held for sale at fair value:      
Net gains on loans held for sale at fair value $ 808,197 $ 2,515,874 $ 2,690,104
Loan origination fees 161,441 358,028 262,143
Loan servicing fees      
Loan servicing fees 1,054,828 875,570 814,646
Interest income:      
Interest income 294,062 299,782 243,701
Interest expense:      
Interest expense 335,427 389,419 263,133
PennyMac Mortgage Investment Trust      
Net gains on loans held for sale at fair value:      
Net gains on loans held for sale at fair value 16,564 51,473 (50,681)
Loan origination fees 8,418 26,126 23,408
Loan servicing fees      
Loan servicing fees 81,915 80,658 67,181
Interest income:      
Interest income   387 3,325
Interest expense:      
Interest expense   1,280 8,418
Others      
Loan servicing fees      
Loan servicing fees $ 91,894 $ 118,884 $ 116,464