Non-Delegated Resources
This content is for approved Sellers selling Mortgage Loans with non-delegated underwriting to PennyMac Loan Services, LLC pursuant to a Mortgage Loan Purchase Agreement and is not intended for consumers.
Product | Initial Underwrite: Purchase | Initial Underwrite: Refinance | Condition Review | Appraisal Review | Post Close File Review |
---|---|---|---|---|---|
Conventional | 2 days | 3 days | 1 day | 2 days | 1-2 days |
Government | 2 days | 3 days | 1 day | 2 days | 1-2 days |
Jumbo | 3 days | 3 days | 1-2 day | 2 days | 1-2 days |
Notes:
|
Non-Delegated FAQ’s and Fact Sheets
07.30.24
This guide covers every part of the loan process, best practices, and requirements for working with Non-Delegated at Pennymac.
03.21.24
This lock policy provides an outline to help navigate our requirements and guidelines for locks, relocks and extensions.
01.05.24
P3 Multi Factor Authenticator Setup Guide.
10.03.23
Best practices and tips to have a smooth process from beginning to end.
06.23.23
Clear to Close Update.
03.25.24
List of acceptable visas for non-permanent residents.
04.18.23
Step by step process for ordering MI through P3 for Non-Delegated.
04.18.23
Frequently asked questions regarding submission for non-delegated eligibility review.
04.24.24
ND Product Mix and Platform Highlights.
08.16.24
Overview of key contacts, addresses, fees, and delivery information for the Pennymac Non-Delegated Correspondent Group.
Non-Delegated Forms and Tools
03.15.24
Instructions on how to successfully submit a change request prior to receiving your Clear to Close.
03.15.24
Instructions on how to successfully submit a change request after receiving your Clear to Close.
10.05.23
How to Access Your Company Scorecard.
09.21.23
Step-by-step guide to requesting post finding adjustments.
02.08.24
Conventional Submission Form for eligibility review completed by PennyMac Loan Services, LLC.
02.08.24
FHA Submission Form for eligibility review completed by PennyMac Loan Services, LLC.
02.08.24
VA Submission Form for eligibility review completed by PennyMac Loan Services, LLC.
11.12.24
Jumbo Submission Form for eligibility review completed by PennyMac Loan Services, LLC.
02.08.24
This is a document that addresses the most common VA post closing conditions.
02.08.24
This is a document that addresses the most common FHA post closing conditions.
12.02.22
This is a Sample Temp Buydown Agreement.
05.01.24
Form to revise parameters of loans submitted for eligibility review completed by PennyMac Loan Services, LLC.
10.28.22
This calculator is for your use only to see how our temporary buydown options can lower your clients monthly payments.
08.15.03
Follow this guide to get your condition or decision question on a loan in process answered by an underwriter.
Non-Delegated Overlay Matrices
11.27.24
Summary of most Pennymac guideline overlays to Fannie Mae and Freddie Mac requirements, specific to Non-Delegated.
11.27.24
Summary of most Pennymac guideline overlays to FHA and VA requirements, specific to Non-Delegated.
Non-Delegated User Guides
03.28.22
Guidance regarding how to order Non-Delegated VA appraisals.
02.09.24
Expedite your Loan Purchase with Pennymac.
03.02.22
Overview of acceptable ARM loan programs and delivery expectations.
11.06.24
Pennymac's delivery deadlines and initial interest rate adjustment date requirements for all FHA and VA ARM Products.
11.25.24
Redelivery checklists and tips to get your loan purchased quickly.
10.17.22
Best practices for Pennymac’s AUS Process Enhancements.
Non-Delegated Videos
05.14.24
P3 Portal: Uploading Documents and Conditions.
Watch video about P3 Portal: Uploading Documents and Conditions
03.22.24
P3 Portal: Unacceptable Eligibility Delivery.
Watch video about P3 Portal: Unacceptable Eligibility Delivery