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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

With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.

33%

No. It’s still difficult compliance/regulatory-wise.

20%

Maybe. It’s under consideration.

33%

Not now. But things could change as 2018 progresses.

13%