General Eligibility

PennyMac offers sponsorship for Fannie Mae's Desktop Originator (DO) system to approved Sellers.

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.

PennyMac will purchase loans where the property is held in a revocable trust provided the trust meets investor and PennyMac guidelines.

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...

In a hardship or emergency situation, PennyMac will permit the use of a person acting as Attorney-in-Fact pursuant to authority granted by a borrower under a Power of Attorney (POA). The person act...