Pennymac is revising the go-live date to "TBD," and the updated schedule will be communicated through a future announcement.
Effective with locks on or after
7/27/2023 “TBD”, Pennymac is pleased to announce the release of Extended Lock Commitments for Best Efforts.
Highlights of the program include:
- Introduction of 120-, 150- & 180-Day Lock Commitments.
- Applies to Conventional, FHA & VA Fixed Rate 30 Year products only.
- The Extended Lock Commitments do not apply to Specialty Products.
- The price adjustment will be added to the 75 Day price.
- Applies to Best Efforts only.
Please contact your Sales Representative with any questions.