Non-Delegated Announcements - Page 5
22-54: Increased Loan Limits Now Available
Pennymac TPO is excited to announce that we’re raising our non-delegated conventional loan limits to $715,000, effective Monday September 12, 2022.
22-53: Loan Document Delivery Update
In an effort to reduce our digital footprint and maintain the highest level of portal speed, Pennymac requests that non-essential documents be elim...
22-52: Hours of Operation for Labor Day Holiday
Please note the hours of operation for Best Efforts Commitment Option:
22-51: Release of FHA and VA Manufactured Home Loan Program
Effective immediately, Pennymac is pleased to announce the release of the FHA Full Documentation, FHA Streamline, VA Full Documentation, and VA IRR...
22-50: Lock Extensions and Relocks
Pennymac TPO is pleased to announce a new, simplified fee structure for lock extensions and relocks for Non-Delegated Correspondent loans.
22-49: FHA DTI Ratio Update
Currently, Pennymac has additional requirements when the DTI ratio exceeds 50% on FHA Full Documentation loans.
22-48: VA Circular 26-22-10
Effective immediately, Pennymac is aligning with VA Circular 26-22-10 which announces a Certificate of Eligibility (COE) enhancement to add the Uni...
22-47: AUS Jumbo Program Updates
Effective immediately, Pennymac is announcing updates to the Pennymac AUS Jumbo Program. The updates include but are not limited to the following:
22-39: Cryptocurrency & Foreign Asset Requirements
Fannie Mae and Freddie Mac Cryptocurrency & Foreign Asset Requirements when Used as Source of Funds for Closing and Reserves
22-36: VA Maximum LTV Update for Cash Out Refinances
Effective Monday, June 6, 2022, Pennymac is pleased to announce the maximum VA LTV/CLTV for Cash Out Refinances is 100% including any financed fund...
22-01: Non-Delegated Jumbo Product Profile
Effective Monday, May 23, 2022 Pennymac has updated Non-Delegated Only Jumbo Product Profile
22-35: FHA LLPA Special
Effective Monday, May 23, 2022 Pennymac is adding a Government FHA LLPA Special for all Best Effort commitments.
22-34: Hours of Operation for Memorial Day Holiday
Please note the hours of operation for Best Efforts, Bulk and Bulk-AOT Commitment Options
22-33: Updates to Second Home LLPAs
Pennymac will update Conventional LLPAs effective for all Best Effort commitments taken on or after Monday, May 16, 2022