Announcements - Page 14
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08.29.16
16-31: Hours of Operation for Labor Day Holiday
Please note the hours of operation for Best Effort, Bulk, AOT and DT Commitment Options:
08.16.16
16-30: Disaster Policy Implementation: Louisiana Severe S...
FEMA has recently declared 12 parishes in Louisiana as eligible for Individual Assistance due to severe storms and flooding. In accordance with P...
08.10.16
16-29: Updates to Conventional and Government LLPA tabs o...
Effective for all commitments taken on or after Monday, August 22nd , 2016, PennyMac is implementing updates to values in the ‘Conv LLPAs’ and ‘Go...
07.24.16
16-28: Technical Issue - Access to PennyMac Correspondent...
Over the weekend, a technology update was released to the PennyMac Correspondent Portal. No client facing changes were implemented; however, users...
07.22.16
16-27: Removal of Mandatory Forward Delivery Method
PennyMac is removing the Mandatory Forward delivery method from its offering of commitment types. Best Effort, AOT/DT and Bulk will NOT be affect...
07.14.16
16-26: Trailing Document Invoice Policy Reminder
This announcement is intended to serve as a reminder of PennyMac’s trailing document policy as well as to share best practices for managing traili...
07.08.16
16-25: FNMA SEL 2016-04 and 2016-05: Various Updates
PennyMac is aligning with the updates announced by Fannie Mae in SEL 2016-04 and 2016-05, including but not limited to the following:
06.30.16
16-24: Employment Beginning After Close Allowed on Confor...
Effective immediately, PennyMac is pleased to announce that borrowers may begin employment after close on conforming DU transactions, in accordanc...
06.30.16
16-23: Hours of Operation for the 4th of July Holiday
Please note the hours of operation for Best Effort, Mandatory, Bulk, AOT and DT Commitment Options:
06.15.16
16-22: Disaster Policy Implementation: Texas Severe Stor...
In accordance with PennyMac’s existing Disaster Policy, PennyMac will be requiring post-disaster inspections for the following counties:
06.09.16
16-21: Disaster Policy Implementation: Texas Severe Stor...
Effective immediately, PennyMac is requiring post disaster inspections for the following counties for properties located in flood zones:
05.25.16
16-20: Hours of Operation for Friday, May 27th 2016 and ...
Please note the hours of operation for Best Effort, Mandatory, Bulk, AOT and DT Commitment Options:
05.24.16
16-19: Release of the USDA Rural Housing Streamlined-Ass...
Effective with loan commitments issued on or after June 2, 2016, PennyMac is aligning with USDA Rural Housing’s release of the Streamlined-Assist ...
05.20.16
16-18: Non-Delegated Delivery Program
PennyMac is pleased to announce non-delegated Eligibility Review will be available for conventional loans with Best Efforts locks, effective Monda...
05.16.16
16-17: TRID Announcements
Reminder that VA published circular 26-16-11 in April of this year and reminder that PennyMac requires the Seller Closing Disclosure to be provide...