Client Advisory: February 11, 2026
Important Announcement: Strengthening Our Partnership
Dear Client,
I am pleased to share an important strategic development regarding our servicing business. Today, Pennymac Financial Services, Inc. (NYSE: PFSI) announced that it will acquire our subservicing business, bringing together two established industry leaders to create a best-in-class mortgage servicing organization.
This alignment reflects our ongoing commitment to providing you with the highest level of service, stability and operational excellence. By leveraging Pennymac’s mortgage solutions and cutting-edge technology alongside Cenlar’s deep subservicing expertise, we are creating a more robust ecosystem for your portfolio.
Over the past several years, Cenlar has invested significantly in technology, enhanced controls, and process improvements. Pennymac shares this strategic vision and has similarly strengthened its servicing platform to support continued innovation and scale, you can expect:
Operational continuity and stability – existing terms, servicing processes, and points of contact remain unchanged.
Broader platform capabilities – leveraging Pennymac’s expanded mortgage solutions and technology alongside Cenlar’s deep subservicing expertise.
Increased scale and resources – enabling greater resiliency, enhanced client service, and strengthened support for your long term growth objectives.
We will host a virtual client meeting on Wednesday, March 11 to provide additional details and address any questions you may have. In the interim, we will reach out directly to ensure you have all necessary information and support throughout this transition.
Additional information is available in the Pennymac press release: Press Releases – PennyMac Financial Services Inc.
Please feel free to contact your client manager at any time with questions or concerns. Thank you for your continued partnership and confidence in us. We remain fully committed to making this transition seamless and to delivering the service you expect.
Sincerely,
Nick Brett
SVP Client Management
Cenlar