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Segments (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2025
USD ($)
segment
Mar. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
Segments and Related Information      
Number of operating segments | segment 2    
Number of reportable segments | segment 2    
Revenues:      
Net gains on loans held for sale at fair value $ 221,037 $ 162,441  
Loan origination fees 46,611 36,371  
Fulfillment fees from PennyMac Mortgage Investment Trust 5,290 4,016  
Net loan servicing fees 164,286 100,954  
Management fees 7,012 7,188  
Net interest income (expense):      
Interest income 189,871 156,426  
Interest expense 208,082 165,769  
Net interest income (expense) (18,211) (9,343)  
Other 4,878 4,033  
Total net revenues 430,903 305,660  
Expenses:      
Compensation 181,988 146,376  
Loan origination 44,096 30,568  
Technology 40,197 35,967  
Servicing 21,875 16,104  
Professional services 9,037 9,262  
Occupancy and equipment 8,382 8,676  
Marketing and advertising 9,432 3,671  
Other 11,700 11,153  
Total expenses 326,707 261,777  
Income before provision for income taxes 104,196 43,883  
Acquisition of:      
Segment assets at end of quarter 23,872,876 19,801,741 $ 26,086,887
Capitalized software 7,137 3,864  
Furniture, fixtures, equipment and building improvements 371 918  
Amortization of capitalized software 11,981 12,181  
Depreciation and amortization of furniture, fixtures, equipment and building improvements 13,896 14,164  
Furniture, Fixtures, Equipment and Building Improvements      
Acquisition of:      
Depreciation and amortization of furniture, fixtures, equipment and building improvements 1,915 1,983  
Operating segment      
Revenues:      
Net gains on loans held for sale at fair value 221,037 162,441  
Loan origination fees 46,611 36,371  
Fulfillment fees from PennyMac Mortgage Investment Trust 5,290 4,016  
Net loan servicing fees 164,286 100,954  
Net interest income (expense):      
Interest income 189,422 155,912  
Interest expense 208,082 165,769  
Net interest income (expense) (18,660) (9,857)  
Other (42) 623  
Total net revenues 418,522 294,548  
Expenses:      
Compensation 151,839 122,593  
Loan origination 44,096 30,568  
Technology 35,485 32,531  
Servicing 21,875 16,104  
Professional services 4,815 3,410  
Occupancy and equipment 6,857 7,043  
Marketing and advertising 8,396 3,625  
Other 7,215 6,342  
Total expenses 280,578 222,216  
Income before provision for income taxes 137,944 72,332  
Acquisition of:      
Segment assets at end of quarter 23,807,703 19,709,489  
Capitalized software 7,137 3,751  
Furniture, fixtures, equipment and building improvements 216 861  
Amortization of capitalized software 11,887 11,689  
Operating segment | Furniture, Fixtures, Equipment and Building Improvements      
Acquisition of:      
Depreciation and amortization of furniture, fixtures, equipment and building improvements 1,613 1,656  
Operating segment | Mortgage banking Production      
Revenues:      
Net gains on loans held for sale at fair value 187,145 141,431  
Loan origination fees 46,611 36,371  
Fulfillment fees from PennyMac Mortgage Investment Trust 5,290 4,016  
Net interest income (expense):      
Interest income 85,288 63,371  
Interest expense 76,526 61,896  
Net interest income (expense) 8,762 1,475  
Other 131 116  
Total net revenues 247,939 183,409  
Expenses:      
Compensation 98,869 70,193  
Loan origination 44,096 30,568  
Technology 25,100 22,768  
Professional services 3,134 2,062  
Occupancy and equipment 4,128 4,138  
Marketing and advertising 8,023 3,596  
Other 2,646 1,406  
Total expenses 185,996 134,731  
Income before provision for income taxes 61,943 48,678  
Acquisition of:      
Segment assets at end of quarter 7,346,079 5,376,570  
Capitalized software 5,409 3,441  
Furniture, fixtures, equipment and building improvements 187 252  
Amortization of capitalized software 10,221 9,486  
Operating segment | Mortgage banking Production | Furniture, Fixtures, Equipment and Building Improvements      
Acquisition of:      
Depreciation and amortization of furniture, fixtures, equipment and building improvements 968 959  
Operating segment | Mortgage banking Servicing      
Revenues:      
Net gains on loans held for sale at fair value 33,892 21,010  
Net loan servicing fees 164,286 100,954  
Net interest income (expense):      
Interest income 104,134 92,541  
Interest expense 131,556 103,873  
Net interest income (expense) (27,422) (11,332)  
Other (173) 507  
Total net revenues 170,583 111,139  
Expenses:      
Compensation 52,970 52,400  
Technology 10,385 9,763  
Servicing 21,875 16,104  
Professional services 1,681 1,348  
Occupancy and equipment 2,729 2,905  
Marketing and advertising 373 29  
Other 4,569 4,936  
Total expenses 94,582 87,485  
Income before provision for income taxes 76,001 23,654  
Acquisition of:      
Segment assets at end of quarter 16,461,624 14,332,919  
Capitalized software 1,728 310  
Furniture, fixtures, equipment and building improvements 29 609  
Amortization of capitalized software 1,666 2,203  
Operating segment | Mortgage banking Servicing | Furniture, Fixtures, Equipment and Building Improvements      
Acquisition of:      
Depreciation and amortization of furniture, fixtures, equipment and building improvements 645 697  
Corporate and other      
Revenues:      
Management fees 7,012 7,188  
Net interest income (expense):      
Interest income 449 514  
Net interest income (expense) 449 514  
Other 4,920 3,410  
Total net revenues 12,381 11,112  
Expenses:      
Compensation 30,149 23,783  
Technology 4,712 3,436  
Professional services 4,222 5,852  
Occupancy and equipment 1,525 1,633  
Marketing and advertising 1,036 46  
Other 4,485 4,811  
Total expenses 46,129 39,561  
Income before provision for income taxes (33,748) (28,449)  
Acquisition of:      
Segment assets at end of quarter 65,173 92,252  
Capitalized software   113  
Furniture, fixtures, equipment and building improvements 155 57  
Amortization of capitalized software 94 492  
Corporate and other | Furniture, Fixtures, Equipment and Building Improvements      
Acquisition of:      
Depreciation and amortization of furniture, fixtures, equipment and building improvements $ 302 $ 327