Special announcement from
Kim Nichols

We're proud to share with you that we are changing the name of our wholesale channel from Pennymac Broker Direct to Pennymac TPO. This brand transformation reflects a commitment to our broker and non-delegated correspondent partners in the continued growth of your business by extending the resources, expertise and power that drive our own strength.

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 to the .001% for your customers on fixed-rate loans.

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Perfect Term

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

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Net Escrows

With 4 million+ consumers in our servicing portfolio, chances are you run into many loans we service. Together we can help refinance customers by netting the escrow account balance from the loan payoff.

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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 service than Pennymac. We call it “unmatched” service because we believe it’s the best 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.


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:

Pennymac TPO suite of products

Conventional Loans

  • 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

FHA Loans

  • 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

VA Loans

  • Loan balances up to $2M with qualifying VA Guarantee
  • Fixed rate & ARM (standard & high balance)
  • Flexible terms from 96 to 360 months
  • No maximum LTV and CLTV on VA IRRRLs
  • VA Cash-Out up to 100% LTV
  • VA IRRRL and Cash-out refinances
  • Purchase transactions

Jumbo Program

  • 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

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.

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Words are POWERful:
Hear from real Broker Partners.

"I am thrilled to have closed this loan in 7 days. This could not have been possible without the help of the Pennymac TPO team"

Leticia M.

"My BOM is such a great resource and is always helpful and available."

Bill S.

"The closing team really helped me on a loan by being extremely efficient. They just made a happy LO even happier."

Theresa A.

Why Pennymac TPO?

As a long-standing, leading partner in the mortgage industry, Pennymac is uniquely positioned to help you on your journey to greatness. From brokering loans to non-delegated production, we’re committed to new ways to help you achieve solid and sustainable growth by extending the expertise, resources and power that drive our strength.

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). 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.