Mortgage lender and servicer PennyMac Financial Services has launched NonDel+, its first full-service non-delegated solution, as a part of its Pennymac TPO offerings.
The solution delivers an intuitive, end-to-end loan experience within the dynamic POWER+ portal that is specifically tailored to banker partners who value control over their loans, but desire support with disclosures, loan documents and additional services.
“We are proud to expand our TPO offering with NonDel+, which was created to empower our TPO partners to thrive in the Non-Delegated lending space,” says Kim Nichols, chief TPO production officer for Pennymac, in a release. “This cutting-edge platform enabled by our proprietary POWER+ technology, reflects our commitment and investment in TPO and further establishes Pennymac as a preeminent player in the wholesale channel.”
NonDel+ leverages Pennymac’s expertise and technology in underwriting and compliance, while also delivering speed and fluidity in the loan process.
The platform also facilitates the full end-to-end lending process, from loan setup and pricing through closing and delivery of closed loans for expedient purchase.
NonDel+ offers a range of features in the POWER+ portal, including the following:
- Partner capabilities to generate fully compliant disclosures and documents;
- Advanced pricing tools and dual AUS (Automated Underwriting Systems) integration;
- Real-time compliance checks and eligibility reviews throughout the loan process
- Partner control of loan level fees;
- Access to OptiMIze, Pennymac’s best execution Mortgage Insurance (MI) pricing tool that automatically delivers competitive negotiated MI rates;
- Streamlined closing process, including a settlement agent collaboration portal to finalize fees and order closing documents; and
- On-demand support through HELP+ and POWER+ Zoom Rooms.