Reference Guides

Commitment Resources

08.04.16

Best Effort Commitments - Conforming

Guide to the PennyMac delivery and purchase process for Best Effort, Conforming commitments.

04.03.19

Mandatory Commitments

Guide to the PennyMac delivery and purchase process for Mandatory commitments.

04.02.19

Bulk AOT Commitments

Overview to the PennyMac delivery and purchase process for Bulk AOT commitments.

General Reference Guides

 

Delegated Quick Reference Guide

Overview of key contacts, addresses, fees, and delivery information for the PennyMac Delegated Correspondent Group.

05.27.21

Rental Income/Multiple Financed Properties Matrix

Reference guide to Fannie Mae and Freddie Mac requirements on rental income and multiple financed properties.

 

Disaster Zip Code List

List of zip codes that are currently being monitored. Properties located in these areas may require a disaster inspection.

03.08.21

LPA Feedback Certificate Updates 2021

Overview of enhancements to Freddie Mac’s LPA Feedback Certificate as part of the new URLA in Loan Product Advisor version 5.0.06.

Program and Delivery Guides

09.14.21

HomeStyle vs 203(k) Matrix

A product comparison between Fannie Mae HomeStyle and FHA 203(k) programs.

08.04.21

RefiNow vs HomeReady vs Refi Possible vs Home Possible Matrix

A product comparison between the Fannie Mae/Freddie Mac standard refinance, HomeReady/Home Possible, and RefiNow/Refi Possible programs.

08.04.21

RefiNow/Refi Possible Delivery Checklist + FAQ

A checklist of key RefiNow/Refi Possible pre-closing requirements as well as FAQs to assist clients in delivering the new RefiNow and Refi Possible loans to PennyMa...

08.04.21

Revised Qualified Mortgage (QM) Rule FAQ

Frequently asked questions & answers related to the revised QM (Qualified Mortgage) rule and its impacts on loans purchased by PennyMac.

08.10.21

Government Overlay Matrix

Summary of most PennyMac guideline overlays to FHA, VA and USDA requirements.

06.25.21

Agency Overlay Matrix

Summary of most PennyMac guideline overlays to Fannie Mae and Freddie Mac requirements

05.17.21

eMortgage Guide

PennyMac Correspondent Group eMortgage Guide

07.09.21

Non-U.S. Citizen Documentation Requirements

List of acceptable visas for non-permanent residents.

05.25.21

Government ARM Interest Rate Adjustment Dates

PennyMac's delivery deadlines and interest rate adjustment date requirements for Government ARM products.

08.22.17

ARM Attribute Matrix

Overview of acceptable ARM loan programs and delivery expectations.

08.04.16

ATR/QM Points and Fees

Guide to assist clients in meeting PennyMac's purchase requirements. Provides PennyMac interpretation by ATR/QM points and fees topic.

11.16.18

Temporary Buydowns FAQ

FAQs intended to assist clients in meeting PennyMac's purchase requirements in regard to delivery of the loans with a temporary buy down.

04.29.20

TRID FAQ

This document is intended to assist clients in meeting purchase requirements in regard to delivery of the TILA-RESPA Integrated Disclosures.

04.29.20

TRID Conditions

This document is intended to assist clients in understanding and resolving conditions placed by PennyMac in regard to TRID requirements.