Loan Factory Direct - PennyMac

Basic information

QM program

• Conventional
• Home Ready
• Home Possible
• VA
• VA IRRRL

Loss payee

Loan Factory, Inc. Its Successors and/or Assigns 2195 Tully Road, San Jose, CA 95122

CPL or subordinate clause

TEXAS: LOAN FACTORY. INC, 2195 Tully Road, San Jose, CA 95122 ALL OTHER STATES LOAN FACTORY. INC, ISAOA/Its Successors and/or Assigns. 2195 Tully Road, San Jose, CA 95122

Lock policies & fees

Lock policies

Lock extension

Pennymac offers a 5 day free extension prior to funding. Loan must be funded and the signed package uploaded by lock expiration. As of now, delays in purchasing will not require an extension.

Relock

N/A

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Amzing jumbo pricing

Apostilles are disallowed at closing.

Lender's overlays

None

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

1

Initial CD (days)

1

Reviews