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RALEIGH – Hundreds of new jobs paying over $ 64,000 are coming to Cary.
In a deal announced Tuesday, PennyMac Financial Services said it chose Cary over sites in three other states for expansion. It will invest $ 4.3 million as part of the expansion.
“What initially attracted PennyMac to this region is the diversity and talent the city has to offer,” said Doug Jones, president of PennyMac, in a statement. “We look forward to creating a workforce in North Carolina that expands our national footprint, creates new jobs in the community, and helps us achieve our goal of being the best customer service in the industry.
The North Carolina Economic Development Committee has agreed to provide nearly $ 2 million in tax incentives if employment goals are met.
PennyMac already has an office in the Triangle. He agreed to keep 42 current jobs under the incentive grant.
A variety of jobs will be available. (See www.pennymac.com/careers for more details on the position.)
“This latest expansion will support the mortgage execution functions of the company’s direct lending operations, which include loan processing, underwriting, closing and financing,” the NC Department of Commerce explained. “The company’s new footprint will cover 35,000 square feet of production, business technology and IT support.”
The company is based in Westlake Village, California. It was launched in 2008.
The company trades on the New York Stock Exchange under the symbol PFSI.
“Growing companies like PennyMac Financial want to grow in North Carolina even during a pandemic because of our strong talent pipeline, stable business climate and exceptional quality of life,” Governor Roy Cooper said in the ‘ad.
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