PennyMac Financial Services, a leading national mortgage lender, has been named the official mortgage provider for Team USA and the LA28 Olympic and Paralympic Games.
This unprecedented partnership marks the first time in history that Team USA has aligned with a mortgage company, designating PennyMac as its exclusive “official mortgage supporter” for both the 2026 and 2028 Games.
The alliance positions PennyMac at the heart of the Olympic and Paralympic movement, drawing a connection between the dedication to athletic achievement and the aspiration of homeownership. PennyMac, headquartered in Pasadena, California, near the future site of the LA28 Games, will celebrate its 20th anniversary in 2028, the same year Los Angeles welcomes the world for the global event.
Commenting on the alliance, David Spector, Chairman and CEO of Pennymac, said, “This partnership embodies the spirit of hard work, dedication, and the pursuit of excellence – values that resonate deeply with Pennymac and the remarkable athletes who inspire us all. We are incredibly proud to support the LA28 Games and Team USA and are committed to empowering those who strive for extraordinary achievements, from world-class athletes to those pursuing their aspirations of homeownership. Together, we commit to fostering a culture of excellence to inspire the next generation of achievers.
“This is about more than a partnership – it is a commitment to stand alongside our community in Los Angeles and welcome the world to our home. We know that every journey begins with a strong foundation, and we are proud to stand beside those building their own unique stories.”
John Slusher, CEO of U.S. Olympic and Paralympic Properties, added, “In sport and in life, we are stronger together. It’s special to welcome Pennymac to the Movement, a locally headquartered partner that understands Los Angeles and shares our belief in the power of sport to inspire and connect communities. With a commitment to shared values and supporting people’s dreams, Pennymac will play a unique role in helping us build toward a strong and successful LA28 Games.”
This collaboration provides PennyMac with a prominent national platform to amplify its brand message and engage with a vast audience. By associating with the esteemed values of the Olympic and Paralympic Games, PennyMac reinforces its dedication to excellence and its mission to empower individuals in achieving their personal aspirations.
With a history spanning over 15 years, PennyMac has been instrumental in assisting over 5 million homeowners in their homeownership journey, having serviced over $1.35 trillion in loans. A leading lender and servicer for Veterans Affairs (VA) loans, PennyMac currently manages more than $125 billion in VA home loans for service members, veterans, and their families. The company’s commitment to military personnel was further recognized in 2025 when it was named a Military Friendly Employer.
PennyMac joins a growing list of prominent partners for the LA28 Games, including Cedars-Sinai, DICK’S Sporting Goods, Cisco, New Era, and Guild.