Steve Bailey has held a variety of roles and responsibilities since joining PennyMac in 2010. Bailey is currently responsible for directing Loan Servicing and Portfolio Strategies. PennyMac has grown its servicing portfolio from $2.5 billion to over $388 billion during that span. Before joining PennyMac, Bailey served in a variety of executive and leadership positions at Countrywide Home Loans and Bank of America. Bailey is a seasoned mortgage executive with deep experience in loan servicing and administration.