With respect to loans sold to Pennymac and in addition to the Mortgage Loan Purchase Agreement and any other legal agreements between Pennymac and the correspondent lender, each correspondent lender is bound by all provisions of this Guide, including the Product Profiles (link below).
Specific program guidelines can be found on gopennymac.com in the tab labeled Product Profile. Where the applicable product profile does not address a particular credit parameter, customers should apply applicable investor guidelines. If none of the aforementioned resources provides guidance then customers can register for the Underwriting Help Portal at https://underwritinghelp.gopennymac.com/portal/en/signin. Instructions for registering can be found here.
Link to "Product Profiles"