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 2 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 broker 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 (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 $2M 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 am impressed by Pennymac's quick turnaround times, knowledgeable staff and cutting edge technology compared to other wholesale lenders"

Jeffery D.
Rhode Island

"Pennymac is committed to doing a great job 100% of the time - over and over and over again"

Chad W.

"Why Pennymac? Because they stay by my customers' side"

David C.

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 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.