Santander Corporate & Investment Banking is proud to have acted as exclusive financial advisor to PENNYMAC on its agreement to acquire the subservicing business of Cenlar FSB.

Upon completion of this acquisition, PENNYMAC will become the second largest mortgage servicer overall and one of the largest subservicers in the United States, representing a transformative step in the company’s evolution.

Santander Corporate & Investment Banking congratulates PENNYMAC on this strategic transaction, which strengthens its position in the U.S. mortgage market

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