FNMA Desktop Originator Sponsorship
Pennymac offers sponsorship for Fannie Mae's Desktop Originator (DO) system to approved Sellers.
General Closing Specifications
Loan documents used by the Seller must conform with the specifications of the applicable mortgage loan program and all applicable federal, state and local laws and regulations.
Inter Vivos Revocable Trust
Pennymac will purchase loans where the property is held in a revocable trust provided the trust meets investor and Pennymac guidelines.
Miscellaneous Underwriting Requirements
All Conventional and Government loans must have automated approvals from Desktop Underwriter (DU), or Loan Prospector (LP). Manual underwriting is permitted only when indicated on the Product Profi...