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January 12, 2018

PennyMac Enters Broker Channel Looking for Growth in Purchase Mortgages and Jumbos

By Brandon Ivey

After some delays, PennyMac Financial Services launched its broker channel operations this week.

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Poll

Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.
The wholesale/table funder. They’re taking the financial risk.
The broker, but only for the first year. After that, the borrower is fair game.
Hard to answer. It’s a complicated issue.

vote to see results