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.

Non-Delegated FAQ’s and Fact Sheets

03.21.24

Non-Delegated Lock Policy

This lock policy provides an outline to help navigate our requirements and guidelines for locks, relocks and extensions.

01.05.24

Multi Factor Authenticator Setup Guide

P3 Multi Factor Authenticator Setup Guide.

10.03.23

Non-Delegated Best Practices and Tips

Best practices and tips to have a smooth process from beginning to end.

06.23.23

Important Changes to Non-Delegated MI Process

Clear to Close Update.

03.25.24

Non-Delegated Non-U.S. Citizen Documentation Requirements

List of acceptable visas for non-permanent residents.

04.18.23

Non-Delegated MI Ordering Guide

Step by step process for ordering MI through P3 for Non-Delegated.

04.18.23

Non-Delegated FAQ

Frequently asked questions regarding submission for non-delegated eligibility review.

04.24.24

Non-Delegated Program Flyer

ND Product Mix and Platform Highlights.

06.17.24

Non-Delegated Quick Reference Guide

Overview of key contacts, addresses, fees, and delivery information for the Pennymac Non-Delegated Correspondent Group.

Non-Delegated Forms and Tools

03.15.24

Change Request Instructions Prior to CTC

Instructions on how to successfully submit a change request prior to receiving your Clear to Close.

03.15.24

Change Request Instructions Post CTC

Instructions on how to successfully submit a change request after receiving your Clear to Close.

10.05.23

Access your Non-Delegated Company Scorecard

How to Access Your Company Scorecard.

09.21.23

Non-Delegated Requesting Post Funding Adjustments

Step-by-step guide to requesting post finding adjustments.

02.08.24

Non-Delegated Conventional Loan Submission Form

Conventional Submission Form for eligibility review completed by PennyMac Loan Services, LLC.

02.08.24

Non-Delegated FHA Loan Submission Form

FHA Submission Form for eligibility review completed by PennyMac Loan Services, LLC.

02.08.24

Non-Delegated VA Loan Submission Form

VA Submission Form for eligibility review completed by PennyMac Loan Services, LLC.

02.08.24

Non-Delegated Jumbo Loan Submission Form

Jumbo Submission Form for eligibility review completed by PennyMac Loan Services, LLC.

02.08.24

VA Post Closing Documentation

This is a document that addresses the most common VA post closing conditions.

02.08.24

FHA Post Closing Documentation

This is a document that addresses the most common FHA post closing conditions.

12.02.22

Sample Temp Buydown Agreement

This is a Sample Temp Buydown Agreement.

05.01.24

Eligibility Review Change Request Form

Form to revise parameters of loans submitted for eligibility review completed by PennyMac Loan Services, LLC.

10.28.22

Non-Delegated Temporary Buydown Calculator

This calculator is for your use only to see how our temporary buydown options can lower your clients monthly payments.

08.15.03

How to speak to an Underwriter

Follow this guide to get your condition or decision question on a loan in process answered by an underwriter.

Non-Delegated Overlay Matrices

04.21.23

Non-Delegated Overlay Matrix – Agency

Summary of most Pennymac guideline overlays to Fannie Mae and Freddie Mac requirements, specific to Non-Delegated.

10.23.23

Non-Delegated Overlay Matrix – Government

Summary of most Pennymac guideline overlays to FHA and VA requirements, specific to Non-Delegated.

Non-Delegated User Guides

03.28.22

Ordering VA Appraisals Reference Guide

Guidance regarding how to order Non-Delegated VA appraisals.

02.09.24

Re-Delivering Loans for Purchase Guide

Expedite your Loan Purchase with Pennymac.

03.02.22

ARM Attribute Matrix

Overview of acceptable ARM loan programs and delivery expectations.

04.01.22

Adjustable Rate Mortgage Initial Interest Rate Adjustment Dates - Government

Pennymac's delivery deadlines and initial interest rate adjustment date requirements for all FHA and VA ARM Products.

10.17.22

AUS Process Enhancements for Non-Delegated

Best practices for Pennymac’s AUS Process Enhancements.

Non-Delegated Videos

video

05.14.24

P3 Portal: Uploading Documents and Conditions

P3 Portal: Uploading Documents and Conditions.

Watch video about P3 Portal: Uploading Documents and Conditions

video

05.14.24

P3 Portal: Delivery of Closed Loan

P3 Portal: Delivery of Closed Loan.

Watch video about P3 Portal: Delivery of Closed Loan

video

03.25.24

P3 Portal: Uploading Conditions

P3 Portal: Uploading Conditions.

Watch video about P3 Portal: Uploading Conditions

video

03.25.24

P3 Portal: Complete Loan Package

P3 Portal: Complete Loan Package.

Watch video about P3 Portal: Complete Loan Package

video

03.22.24

P3 Portal: Upload Eligibility Package

P3 Portal: Upload Eligibility Package.

Watch video about P3 Portal: Upload Eligibility Package

video

03.22.24

P3 Portal: Unacceptable Eligibility Delivery

P3 Portal: Unacceptable Eligibility Delivery.

Watch video about P3 Portal: Unacceptable Eligibility Delivery

video

03.22.24

P3 Portal: Reviewing Purchase Advice

P3 Portal: Reviewing Purchase Advice.

Watch video about P3 Portal: Reviewing Purchase Advice

video

03.22.24

P3 Portal: Reports/Rate Sheets

P3 Portal: Reports/Rate Sheets.

Watch video about P3 Portal: Reports/Rate Sheets

video

03.22.24

P3 Portal: Register a Loan

P3 Portal: Register a Loan.

Watch video about P3 Portal: Register a Loan

video

03.22.24

P3 Portal: Pricing a Loan

P3 Portal: Pricing a Loan.

Watch video about P3 Portal: Pricing a Loan

video

03.22.24

P3 Portal: Confirmation of Eligibility

P3 Portal: Confirmation of Eligibility.

Watch video about P3 Portal: Confirmation of Eligibility

Non-Delegated Seller Guide

PennyMac Loan Services Non-Delegated
Seller Guide

This PennyMac Loan Services Non-Delegated Seller Guide ("Guide") contains PennyMac Loan Services' detailed requirements for selling Mortgage Loans with non-delegated underwriting to Pennymac pursuant to a Mortgage Loan Purchase Agreement (Non-Delegated Underwriting) ("Agreement"). This Guide is incorporated into the Agreement by reference and forms a critical and inseparable part of Seller's contract with Pennymac. Pennymac reserves the right to amend or supplement this Guide at any time in its sole discretion. In connection with the sale of Mortgage Loans to Pennymac, Seller agrees that each transaction with PennyMac Loan Services is governed by this Guide, the Agreement, and any related Purchase Commitment.