Delegated Seller Guide

PennyMac Correspondent Group
Seller Guide

This PennyMac Correspondent Group Seller Guide ("Guide") contains PennyMac Corp.'s detailed requirements for selling Mortgage Loans with delegated underwriting to Pennymac pursuant to a Mortgage Loan Purchase Agreement ("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 Corp. is governed by this Guide, the Agreement, and any related Purchase Commitment.