PennyMac Financial Services, Inc., one of the largest publicly-traded residential mortgage companies in the country, opened a new mortgage sales and operations center in Phoenix, Arizona. The company is actively looking to hire nearly 375 employees.

According to the Arizona Commerce Authority, located in the heart of Phoenix, with more than 70,000 square feet, the office building will support PennyMac’s origination and fulfillment divisions, while bolstering company-wide growth efforts.

“PennyMac holds a strong position within the mortgage industry because of the breadth of services that we provide to our extensive customer base,” said Doug Jones, President and Chief Mortgage Banking Officer of PennyMac. “Our innovative work-flow combined with the strong talent available in Phoenix will allow us to recruit top performers and provide industry leading customer service.”

Throughout the COVID-19 pandemic state officials said PennyMac has increased hiring efforts to address the elevated demand for mortgage originations. The company’s development provides needed services to customers and extensive growth opportunities for employees too.

“This project will bring hundreds of new high-value career opportunities to Arizona, which is already home to the second-largest concentration of financial services jobs in the nation,” said Sandra Watson, President & CEO of the Arizona Commerce Authority.