PennyMac Financial Services, a national mortgage lender located in Cary, will be adding 322 new jobs after having received a grant of $1.9m from the North Carolina Department of Commerce.
A Job Development Investment Grant has been created by the state and PennyMac will receive all the funds as long as it meets the hiring goal set by the state. The company needs to create these jobs by 2022. These positions will primarily involve fulfilling mortgages and some of them will focus on technology. Many of these positions will most likely require business card printing services. The minimum average wage of these jobs will be $64,567.
Doug Jones, president of PennyMac, said that the company was initially attracted to the area due to the talent and diversity the city has to offer. He added that the company is looking forward to creating a workforce in the state that will bring jobs to the community, broaden the company’s national exposure, and help it become the best in the industry for customer service.
It is expected that PennyMac will invest $4.3m in the office in Cary. This investment will require 35,000 square feet of office space in the city.
PennyMac was founded in 2008 by Stanford Kurland, former financial president of Countrywide, and other Countrywide executives. Today, it is the largest mortgage aggregator in the country.
Location
8450 Chapel Hill Road
Suite 101
Cary, NC 27513
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Hours
Mon: 9:00 - 5:00
Tue: 9:00 - 5:00
Wed: 9:00 - 5:00
Thu: 9:00 - 5:00
Fri: 9:00 - 3:30
Sat: Closed
Sun: Closed