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Steven Bailey

Senior Managing Director & Chief Mortgage Operations Officer at PennyMac Financial Services

Steve Bailey has been Senior Managing Director and Chief Mortgage Operations Officer of PennyMac Financial Services, Inc. (NYSE: PFSI) since February 2016. He is responsible for directing the company’s loan servicing operations, including the implementation of the methods and programs directed at improving the value of acquired loans, as well as setting and managing performance goals for all aspects of the servicing and loan administration functions. Additionally, Mr. Bailey provides executive oversight for the application development and portfolio strategy groups. He also serves as Senior Managing Director and Chief Mortgage Operations Officer of PennyMac Mortgage Investment Trust (NYSE: PMT).

Previously, Mr. Bailey was the company’s Chief Operations Officer and Chief Servicing Officer. He has served on the company’s management team since 2010.

Prior to joining the company, Mr. Bailey served in a variety of executive and leadership positions within Countrywide Financial Corporation (and Bank of America Corporation, as its successor) from 1985 until 2010.

Mr. Bailey earned his Bachelor of Music from the University of Southern California.

Timeline

  • Senior Managing Director & Chief Mortgage Operations Officer

    Current role

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