Let PennyMac's
exclusive programs

power your success

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Perfect Rate

Don’t get stuck selling rates at the eighths. Perfect Rate allows you to fine tune pricing down to the .001% for your customers on fixed-rate loans.

  • Tailor rates down to the thousandth
  • 3.088%, 2.874%, 2.124%—you name it!
  • Available on Conventional and Govt. fixed-rate loans
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Perfect Term

With the ability to customize down to the exact month, you can be confident your borrowers will get the Perfect Term for their situation while you get a competitive advantage.

  • More flexibility equals more successful solutions
  • 146 months? 293 months? 312 months? Yes, yes and yes.
  • Available on fixed-rate loans nationwide
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Unmatched Service

You need to get borrowers to the closing table quickly and we make sure you do. You won’t find a lender as committed, as consistent and as efficient as we are. Or one who supports you with higher quality broker service than PennyMac. We call it “unmatched” service because we believe it’s the best in the industry.

  • Condition accuracy, clean approvals
  • Personal service means direct access to our closing team and your Broker Operations Manager (BOM)
  • Get to closing sooner with our consistent and easy submission process. Don’t have to send extraneous documentation for conditions.
  • No waiting for wires at title: don’t have to send documents back to us and wait for us to review
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Net Escrows

With nearly 2 million consumers in our servicing portfolio, chances are you run into many loans we service. Together we can help refi customers by deducting the funds from the payoff of the current mortgage.

  • Less cash to close!
  • Available on refinances of PennyMac loans
  • Escrow accounts are netted from the pay-off
  • Incredible benefit of working with one of the largest servicers in the industry


Give your borrowers the best MI pricing. Our POWERful best-x solution, OPTIMIZE, automatically delivers the most competitive MI pricing available, taking the guesswork out of the MI selection process.

  • Automatically delivers the most competitive pricing
  • BPMI automatically delivers best price within BPMI options
  • LPMI launches a best-x search between all LPMI options

PennyMac Broker Direct suite of products

Conventional Loans

  • DU and LPA allowed
  • Fixed rate (standard & high balance)
  • Flexible terms from 85 to 360 months
  • FICO down to 620 with AUS approval
  • Appraisal waivers accepted
  • Up to 97% LTV for first-time home buyers (DU Only)
  • HomeReady® program available
  • Home Possible® program available
  • HomeOne™ program available

FHA Loans

  • Down payment assistance allowed from government agencies
  • Fixed rate (standard & high balance)
  • Flexible terms from 120 to 360 months
  • No appraisal needed for FHA Streamline refinances
  • FICO down to 620 with AUS approval

VA Loans

  • Loan balances up to $1.5M with qualifying VA Guarantee
  • Flexible terms from 120 to 360 months
  • No maximum LTV and CLTV on VA IRRRLs
  • VA IRRRL and cash-out refinances
  • Purchase transactions

The POWER to grow your business.

Backed by one of the top lenders in the country, PennyMac works with you and puts our POWER technology to work for you to help you grow your business. One of the most innovative broker portals around, POWER, with its easy-to-use pricing scenario and intuitive pipeline, extended lock hours and real-time indexing, is one more way we give you a much-needed competitive edge.

Sign up now

Words are POWERful:
Hear from real Broker Partners.

"I just wanted to reach out an let you know how happy we are working with Pennymac and Team... What we have with Pennymac is what others don’t. FANTASTIC communication"

July 17, 2020

"Thank you to you and your team for all the hard work and great service. You are making us look too good in front of our customers. It’s much appreciated."

John M.
April 11, 2020

"Thanks so much! You all have been so great to work with. Excellent service! Your process seems to be the best we've seen in a long time!"

Michael M.
June 27, 2020

Why PennyMac?

Over the last 12 years, if we’ve learned one thing, it’s that working smarter, not harder, is the key to growing our business and our servicing portfolio of nearly 2 million loans. As a result, we have become the nation’s fastest-growing wholesale lender with a commitment to the broker channel that is unmatched. Ready to experience that commitment? Become a PennyMac broker partner.

Meet your BOM Squad

As a PennyMac broker partner you get something you won’t get from any other lender: a highly specialized Broker Operations Manager (BOM). An ally and technical mortgage expert, your dedicated BOM is your single point of contact from start to finish. They’re there for you and your borrower with consistency, accuracy, advocacy and efficiency. Work with them once and you’ll see why they’re called “the BOM.”

Helping you thrive is what we do best by:

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Being 100% consistent, a genuine business partner, being transparent, and by being committed to the market and to the broker community.

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Offering you our monthly “POWER Your Business Webinar Series” to educate you on the market landscape and help you stay on top of industry trends.

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Supporting you with the best tools and technology, business plans, best practice sharing, and the most dedicated customer service team in the industry.