As a leading lending in the wholesale mortgage industry, Pennymac TPO is focused on providing broker partners with the tools and resources to grow their business.

Perfect Rate™

Don’t get stuck selling rates at the eighths! Pennymac has the most sophisticated pricing engine in the industry, along with top experts in capital markets. This allows you to fine tune pricing to the thousandth for your customers on fixed-rate loans!

  • Tailor rates to the thousandth
  • .321%, .917%, .888%? You name it!
  • Available on Conventional and Govt. fixed-rate loans nationwide1

Perfect Term™

With the ability to customize to the month, you can be confident your borrowers will get the Perfect Term™ for their situation.

  • Customize loan terms to the exact month
  • 293 months? Sure!
  • Available on fixed-rate loans nationwide

OptiMize™

A POWERful best-x solution engineered to provide the best possible mortgage insurance pricing for your borrowers. OPTIMIZE™ takes the guesswork out of the MI selection process.

  • Automatically delivers the most competitive pricing
  • Lender-Paid - Best-x search between all LPMI options
  • Borrower-Paid - Best-x search between all BPMI options
  • Industry-leading MI rates

Peak Performance

Take your business to new heights with our Peak Performance Program! With three levels — Base Camp, Ascent and Summit — the higher you climb, the greater your perks and benefits. Your personal scorecard tells you where you’re at in the program and that you may have access to:

  • Complimentary rate lock extensions
  • Relock fee waivers
  • One-time float downs
  • EPO waiver

1May not be available for all note rates on Govt. loans. Call for more details.

Suite of Products

Conventional

  • DU and LPA allowed
  • Fixed rate & ARM (standard & high balance)
  • Flexible terms from 96 to 360 months
  • FICO down to 620 with AUS approval
  • Appraisal waivers accepted
  • Up to 97% LTV for first-time home buyers
  • HomeReady® program available
  • Home Possible® program available
  • HomeOne™ program available
  • Manufactured Home Loan program available
  • Freddie Mac BorrowSmart® program available
  • RefiNow program available
  • Temporary Buydowns available: 3-2-1, 2-1, and 1-0, Min 660 FICO

FHA

  • Down payment assistance allowed from government agencies
  • Fixed rate & ARM (standard & high balance)
  • Flexible terms from 96 to 360 months
  • No appraisal needed for FHA Streamline refinances
  • FICO down to 580 with AUS approval
  • Manual Underwriting available when submitted to Total Scorecard, 620 FICO Minimum
  • Temporary Buydowns available: 3-2-1, 2-1, and 1-0, Min 660 FICO

VA

  • Fixed rate & ARM (standard & high balance)
  • Loan balances up to $2M with qualifying VA Guarantee
  • Flexible terms from 120 to 360 months
  • LTV up to 100% on purchase, up to 100% on Cash-Out and unlimited on IRRRL
  • Temporary Buydowns available: 3-2-1, 2-1, and 1-0, Min 660 FICO

Jumbo

  • AUS Underwriting (DU and LPA allowed)
  • Fixed Rate, Max 89.99% LTV
  • 15 to 30 years and Flexible Terms in between
  • Max loan amount of $3 million
  • Max DTI: 45%
  • Primary Residence, Second Homes 1 unit, and Investment Property 1-2 units only
  • Optima Jumbo (Non-AUS) Program Available

Get Started

Your success is our #1 priority. That’s why we’ve built the best tools in the industry and backed them up with a team of leaders experienced in wholesale lending to support you every step of the way.