Non-Delegated Announcements - Page 17

Delegated Non-Delegated

09.02.22

22-53: Loan Document Delivery Update

In an effort to reduce our digital footprint and maintain the highest level of portal speed, Pennymac requests that non-essential documents be elim...

08.29.22

22-52: Hours of Operation for Labor Day Holiday

Please note the hours of operation for Best Efforts Commitment Option:

08.23.22

22-51: Release of FHA and VA Manufactured Home Loan Program

Effective immediately, Pennymac is pleased to announce the release of the FHA Full Documentation, FHA Streamline, VA Full Documentation, and VA IRR...

08.22.22

22-50: Lock Extensions and Relocks

Pennymac TPO is pleased to announce a new, simplified fee structure for lock extensions and relocks for Non-Delegated Correspondent loans.

08.08.22

22-49: FHA DTI Ratio Update

Currently, Pennymac has additional requirements when the DTI ratio exceeds 50% on FHA Full Documentation loans.

08.01.22

22-48: VA Circular 26-22-10

Effective immediately, Pennymac is aligning with VA Circular 26-22-10 which announces a Certificate of Eligibility (COE) enhancement to add the Uni...

07.27.22

22-47: AUS Jumbo Program Updates

Effective immediately, Pennymac is announcing updates to the Pennymac AUS Jumbo Program. The updates include but are not limited to the following:

06.22.22

22-39: Cryptocurrency & Foreign Asset Requirements

Fannie Mae and Freddie Mac Cryptocurrency & Foreign Asset Requirements when Used as Source of Funds for Closing and Reserves

05.30.22

22-36: VA Maximum LTV Update for Cash Out Refinances

Effective Monday, June 6, 2022, Pennymac is pleased to announce the maximum VA LTV/CLTV for Cash Out Refinances is 100% including any financed fund...

05.23.22

22-01: Non-Delegated Jumbo Product Profile

Effective Monday, May 23, 2022 Pennymac has updated Non-Delegated Only Jumbo Product Profile

05.20.22

22-35: FHA LLPA Special

Effective Monday, May 23, 2022 Pennymac is adding a Government FHA LLPA Special for all Best Effort commitments.

05.15.22

22-34: Hours of Operation for Memorial Day Holiday

Please note the hours of operation for Best Efforts, Bulk and Bulk-AOT Commitment Options

05.13.22

22-33: Updates to Second Home LLPAs

Pennymac will update Conventional LLPAs effective for all Best Effort commitments taken on or after Monday, May 16, 2022

05.12.22

22-32: P3 Loan Officer and Loan Processor Feature

Effective Friday, May 13, 2022, Pennymac will update the Non-Delegated Best Effort loan creation and loan access processes in P3.