Mr. Bailey has been the Chief Mortgage Operations Officer of PennyMac Financial Services, Inc. since June 2013 and has been the Chief Servicing Officer of Private National Mortgage Acceptance Company, LLC since April 2010. Mr. Bailey is responsible for directing our loan servicing and retail origination operation, 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. Prior to joining the Company, Mr. Bailey served as a mortgage servicing executive at Countrywide Financial Corporation (and Bank of America Corporation, as its successor) from November 2004 until February 2010. Prior to this role, Mr. Bailey served as Chief Executive Officer of Loan Administration for Countrywide Home Loans following a progressive career in a variety of management and leadership positions in servicing operations from May 1985 until June 2008.
Mr. Bailey holds a B.M. from the University of Southern California.