James  Follette net worth and biography

James Follette Biography and Net Worth

SENIOR MANAGING DIRECTOR AND CHIEF MORTGAGE OPERATIONS OFFICER of PennyMac Financial Services
Jim Follette has been Senior Managing Director, Chief Mortgage Operations Officer of PennyMac Mortgage Investment Trust (NYSE: PMT) since October of 2022. He oversees the Production Business Technology, Mortgage Fulfillment and Servicing organizations. These groups have considerable synergy in scope and mission as they work to fund and service loans for the company's millions of customers. Previously Mr. Follette was the company's Chief Mortgage Fulfillment Officer. Prior to joining the company in June 2011, Mr. Follette most recently served as Senior Vice President at Bank of America Home Loans, where he led operations and risk management for the country’s largest correspondent aggregator at the time, with responsibilities across all aspects of operational management, transactional risk management and business development. From 2003 to 2011, Mr. Follette was employed at Countrywide Financial Corporation, a predecessor to Bank of America Home Loans, and was Managing Director, Risk Management. Prior to Countrywide, Mr. Follette was President of Flood for Landsafe. He holds a B.B.A. in Accounting from the University of Notre Dame and an M.B.A. in Finance from the University of Chicago.

What is James Follette's net worth?

The estimated net worth of James Follette is at least $677,586.09 as of February 27th, 2024. Mr. Follette owns 7,257 shares of PennyMac Financial Services stock worth more than $677,586 as of May 20th. This net worth approximation does not reflect any other assets that Mr. Follette may own. Additionally, Mr. Follette receives an annual salary of $1,360,000.00 as SENIOR MANAGING DIRECTOR AND CHIEF MORTGAGE OPERATIONS OFFICER at PennyMac Financial Services. Learn More about James Follette's net worth.

How old is James Follette?

Mr. Follette is currently 51 years old. There are 5 older executives and no younger executives at PennyMac Financial Services. The oldest executive at PennyMac Financial Services is Mr. Douglas Edward Jones, President, Chief Mortgage Banking Officer & Director, who is 67 years old. Learn More on James Follette's age.

What is James Follette's salary?

As the SENIOR MANAGING DIRECTOR AND CHIEF MORTGAGE OPERATIONS OFFICER of PennyMac Financial Services, Inc., Mr. Follette earns $1,360,000.00 per year. There are 3 executives that earn more than Mr. Follette. The highest earning executive at PennyMac Financial Services is Mr. David A. Spector, CEO & Chairman, who commands a salary of $5,080,000.00 per year. Learn More on James Follette's salary.

How do I contact James Follette?

The corporate mailing address for Mr. Follette and other PennyMac Financial Services executives is 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA, 91361. PennyMac Financial Services can also be reached via phone at (818) 224-7442 and via email at [email protected]. Learn More on James Follette's contact information.

Has James Follette been buying or selling shares of PennyMac Financial Services?

James Follette has not been actively trading shares of PennyMac Financial Services during the past quarter. Most recently, James Follette sold 2,617 shares of the business's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $86.24, for a transaction totalling $225,690.08. Following the completion of the sale, the insider now directly owns 7,257 shares of the company's stock, valued at $625,843.68. Learn More on James Follette's trading history.

Who are PennyMac Financial Services' active insiders?

PennyMac Financial Services' insider roster includes Steven Bailey (Insider), William Chang (Senior Managing Director and Chief Investment Officer), Vandad Fartaj (CIO), James Follette (SENIOR MANAGING DIRECTOR AND CHIEF MORTGAGE OPERATIONS OFFICER), Gregory Hendry (CAO), James Hunt (Director), Doug Jones (Director), Patrick Kinsella (Director), Joseph Mazzella (Director), Anne Mccallion (Director), Farhad Nanji (Director), Daniel Perotti (CFO), David Spector (CEO), Derek Stark (Insider), and Donald White (Senior Managing Director and Chief Risk Officer). Learn More on PennyMac Financial Services' active insiders.

Are insiders buying or selling shares of PennyMac Financial Services?

In the last year, insiders at the real estate investment trust sold shares 34 times. They sold a total of 534,104 shares worth more than $41,989,332.76. The most recent insider tranaction occured on May, 15th when CFO Daniel Stanley Perotti sold 11,400 shares worth more than $1,048,800.00. Insiders at PennyMac Financial Services own 16.6% of the company. Learn More about insider trades at PennyMac Financial Services.

Information on this page was last updated on 5/15/2024.

James Follette Insider Trading History at PennyMac Financial Services

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
2/27/2024Sell2,617$86.24$225,690.087,257View SEC Filing Icon  
12/11/2023Sell21,742$80.42$1,748,491.6411,976View SEC Filing Icon  
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James Follette Buying and Selling Activity at PennyMac Financial Services

This chart shows James Follette's buying and selling at PennyMac Financial Services by year and by quarter.

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PennyMac Financial Services Company Overview

PennyMac Financial Services logo
PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans. This segment sources residential conventional and government-insured or guaranteed mortgage loans through correspondent production, consumer direct lending, and broker direct lending. The Servicing segment performs loan servicing for both newly originated loans that are under holding for sale and loans services for others. The segment performs loan administration, collection, and default management activities, including the collection and remittance of loan payments; responds to customer inquiries; provides accounting for principal and interest; holds custodial funds for the payment of property taxes and insurance premiums; counsels delinquent borrowers; and supervising foreclosures and property dispositions, as well as administers loss mitigation activities, such as modification and forbearance programs. The Investment Management segment is involved in sourcing, performing diligence, bidding, and closing investment asset acquisitions; managing correspondent production activities for PennyMac Mortgage Investment Trust; and managing acquired assets. The company was founded in 2008 and is headquartered in Westlake Village, California.
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Today's Range

Now: $93.37
Low: $92.61
High: $93.97

50 Day Range

MA: $89.24
Low: $84.64
High: $93.93

2 Week Range

Now: $93.37
Low: $58.65
High: $94.78

Volume

135,800 shs

Average Volume

240,393 shs

Market Capitalization

$4.75 billion

P/E Ratio

32.42

Dividend Yield

0.86%

Beta

1.68