Pennymac Names AWS Preferred Cloud Provider

PennyMac Financial Services is expanding its strategic agreement with Amazon Web Services (AWS) to become its preferred cloud provider. This collaboration aims to accelerate PennyMac's transformation into an AI-driven mortgage technology leader by leveraging AWS's generative AI capabilities. The expanded partnership will focus on upgrading the mortgage application process and commercializing PennyMac's servicing platform. By utilizing AWS's advanced cloud solutions, PennyMac seeks to enhance operational efficiency, improve customer experience, and solidify its position in the competitive mortgage lending market.