Pennymac Loan Services in Utah vs the state
12.7%Denial rate-3.30 pts vs state
17.8%Decision denial rate-1.36 pts vs state
56.9%Origination rate-6.30 pts vs state
6.38%Median rate-0.25 pts vs state
0.21Rate spread (pts)-0.03 pts vs state
$125kMedian applicant income
1,214Loans originated
270Denied
Trend in Utah
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,355 | 694 | 15.9% | 6.63% | #20 |
| 2024 | 1,518 | 813 | 15.0% | 6.50% | #18 |
| 2025 | 2,132 | 1,214 | 12.7% | 6.38% | #14 |
What Pennymac Loan Services lends in Utah
By loan purpose
By loan type
Why it denied Utah applicants
Where in Utah
Counties with the most Pennymac Loan Services applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Salt Lake County | 647 | 377 | 92 | 14.2% |
| Utah County | 454 | 236 | 52 | 11.5% |
| Davis County | 228 | 155 | 12 | 5.3% |
| Weber County | 198 | 112 | 33 | 16.7% |
| Washington County | 167 | 101 | 25 | 15.0% |
| Tooele County | 89 | 50 | 9 | 10.1% |
| Iron County | 55 | 32 | 7 | 12.7% |
| Box Elder County | 44 | 20 | 5 | 11.4% |
| Cache County | 44 | 24 | 8 | 18.2% |
| Summit County | 32 | 14 | 4 | 12.5% |
Other large lenders in Utah
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| AMERICA FIRST Federal Credit Union | C | 16,303 | 18.3% | 6.99% |
| Mountain America Federal Credit Union | D | 15,401 | 36.5% | 7.24% |
| United Shore Financial Services | B | 11,325 | 8.5% | 6.25% |
| Rocket Mortgage | C | 6,276 | 14.6% | 6.63% |
| Guild Mortgage | A | 5,427 | 1.5% | 6.50% |
| Intercap Lending | A | 4,881 | 0.7% | 6.50% |
| Goldenwest | B | 4,794 | 17.6% | 7.50% |
| First Colony Mortgage | A | 3,499 | 2.1% | 6.38% |
| Kind Lending | C | 3,227 | 20.3% | 6.50% |
| Zions Bancorporation | B | 3,013 | 22.9% | 6.49% |
Frequently asked questions
Utah: 2,132 applications in 2025, of which 1,214 were originated and 270 denied.
12.7% of all applications, or 17.8% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.
The median rate on loans Pennymac Loan Services originated in Utah in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Pennymac Loan Services's own HMDA filing for properties located in Utah, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology