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07.24.16
Over the weekend, a technology update was released to the PennyMac Correspondent Portal. No client facing changes were implemented; however, users...
07.22.16
PennyMac is removing the Mandatory Forward delivery method from its offering of commitment types. Best Effort, AOT/DT and Bulk will NOT be affect...
07.14.16
This announcement is intended to serve as a reminder of PennyMac’s trailing document policy as well as to share best practices for managing traili...
07.08.16
PennyMac is aligning with the updates announced by Fannie Mae in SEL 2016-04 and 2016-05, including but not limited to the following:
06.30.16
Effective immediately, PennyMac is pleased to announce that borrowers may begin employment after close on conforming DU transactions, in accordanc...
Please note the hours of operation for Best Effort, Mandatory, Bulk, AOT and DT Commitment Options:
06.15.16
In accordance with PennyMac’s existing Disaster Policy, PennyMac will be requiring post-disaster inspections for the following counties:
06.09.16
Effective immediately, PennyMac is requiring post disaster inspections for the following counties for properties located in flood zones:
05.25.16
05.24.16
Effective with loan commitments issued on or after June 2, 2016, PennyMac is aligning with USDA Rural Housing’s release of the Streamlined-Assist ...
05.20.16
PennyMac is pleased to announce non-delegated Eligibility Review will be available for conventional loans with Best Efforts locks, effective Monda...
05.16.16
Reminder that VA published circular 26-16-11 in April of this year and reminder that PennyMac requires the Seller Closing Disclosure to be provide...
04.27.16
PennyMac is announcing updates from Fannie Mae’s DU 10.0 Release Notes and SEL 2016-3.
04.22.16
Effective immediately, for all VA transactions, PennyMac will be aligning with VA’s policy clarification regarding unreimbursed business expenses ...
Effective immediately for FHA transactions, PennyMac is aligning with FHA’s update regarding the calculation of student loan payments.
