PennyMac

Instead of doing a HELOC he can just do a Rate/Term Equity buyout refi of the current mortgage. This has better pricing than doing a regular cash out refi and he doesn’t have to carry the additional payment. This might be a better option unless the current loan has a super low rate. here are the guidelines for the type of refi i’m talking abt and PennyMac (or any other lender) can do the refi: [https://selling-guide.fanniemae.com/sel/b2-1.3-02/limited-cash-out-refinance-transactions#P881](https://selling-guide.fanniemae.com/sel/b2-1.3-02/limited-cash-out-refinance-transactions#P881)

Yeah, you can still try a different lender The HELOC doesn’t have to come from the same company that holds the first mortgage, so PennyMac saying no just means *they* don’t offer it for your situation The bigger thing is whether another lender is willing to go behind an FHA first mortgage and whether there’s enough equity after the buyout numbers are worked out Also keep in mind your ex husband would usually need to qualify on his own if he’s keeping the house and buying out your share So it’s definitely possible, it just depends on the equity and income mostly

You can go anywhere else to get a HELOC.. it's just another mortgage on top of your existing one. There's nothing requiring you use PennyMac for this. I would try to find someone who can look at HELOCs and fixed term second mortgages to see which option is best for you based on how much equity you have. Also, the key here is that YOUR EX IS THE ONE WHO NEEDS TO GET THIS MORTGAGE.. NOT YOU.. he gets it, gives you the money to "buy you out" and he pays the payment, not you.

Pennymac doesn’t do the loans, I guess, that’s not a big deal. You get a HELOC anywhere, going to your lender first was the right move - I’m at PNC and they keep pestering me to open one (I don’t want one). You just have to go anywhere and get a HELOC. They’ll look at LTV (loan to value) and extend a line of credit based on that, IE if you have 200k equity, they might only go up to 150, etc etc. Just because Pennymac doesn’t to HELOCs doesn’t mean you can’t get one. Just go elsewhere. They will be the second lender on the collateral using the house. The current is Pennymac, they have the mortgage note open, say 100k on a house worth 500k. That extra 400k they don’t care about, they care about the 100k value to pay off their note. HELOCs-R-Us will look at that 400k equity instead.

I'd advise to avoid Pennymac like the plague. WHEN and IF you can get a human being to speak with, they have no ability to help with much. Pennymac's obviously using a call center in some far flung place and I don't recommend this mortgage servicer to anyone. I can't even download their pdf documents on my device, because they don't like the browser I'm using and want me to use Chrome, which I refuse to do. The only way to get an actual person to speak with is if you express interest in refinancing or in one of their other "products" they're constantly pushing. AVOID PENNYMAC!

I'd advise to avoid Pennymac like the plague. WHEN and IF you can get a human being to speak with, they have no ability to help with much. Pennymac is obviously using a call center in some far flung place and I do not recommend this mortgage servicer to anyone. I can't even download their pdf documents on my device because they don't like the browser I'm using and want me to use Chrome, which I refuse to do. The only way to get an actual person to speak with is if you express  interest in refinancing or in one of their other "products" they're always pushing. AVOID PENNYMAC!

Hey, the refi question is tricky right now. Rates haven't dropped dramatically enough for most people to make a no-cost refi a slam dunk at 6.625% - you'd want to drop at least 0.75-1% to really feel it, and "no cost" usually means those costs get rolled into your rate anyway. One thing nobody talks about enough: if you do refi, watch out for escrow shock. Your property taxes and insurance get re-evaluated, and your new "lower payment" can creep back up when escrow adjusts. I got burned by this my first year. Before making any decisions, check out \*\*escrowguard.ai\*\* - it's a free tool that projects your actual payment including escrow changes, so you're comparing apples to apples and not getting surprised later. The PennyMac mailers are marketing. Run your real numbers first, then decide if your relative's deal actually beats staying put.

The CFPB will get you absolutely nowhere especially if you’re in a modification.  Pennymac is an absolutely deceitful lender. They do not care about anything but money. Beware-  Do not sign any modification agreement with Pennymac before having a lawyer present and make sure that lawyer understands the modification agreement. If you miss one late, they will continue to report you seven times late, including after your bankruptcy is filed. The only way to fix this is with a consumer attorney or FCRA attorney

Find a different company that will do the va irrrl for alot cheaper. Definitely shop around. If you have a va rating, you can get the funding fee waived from the VA. Also its been 210 days, does your original mortgage underwriter offer a free irrrl if rates dropped? Companies like trident home loans, navy fed, penfed, pennymac. Decide whether you could more by keeping the cash in the market or dropping the payment. If the extra 100 you are saving is 100% needed right now, likely some bigger issues going on that need addressing than the interest rate. Tldr, shop around

A correspondent lender buys loans from mortgage bankers/brokers and funds in the correspondents name. To name a few: UWM (United Wholesale Mortgage) Pennymac Flagstar Bank AmeriHome Mortgage (owned by Western Alliance Bank) Freedom Mortgage Caliber Home Loans (now part of NewRez)  Chase Bank Wells Fargo It **does NOT affect your ability to sell later**. When you sell, you just pay off the loan—doesn’t matter who originally funded it.

From my dealings with realtors over the years here it is the ONLY thing they count. They say they are working up comps for you but in reality the data already exists in a data base and will spit out comps and the price recommendation will be the sq ft under air \* the price per sq ft for your neighborhood. You can go to Zillow as so many people do and see such a wide spread it is less than useless, it is misleading. And most people in the market will shop via Zillow or one of the other realty websites like Redfin or [Realtor.com](http://Realtor.com) to see what the home value estimator looks like but it is almost always going to be your hood's price per sq ft times the stated recorded sq ft under air. My favorite home value estimator is Pennymac. It updates with just about every single sale in your area. There are times when I will see the Zillow price not change for months on end. Example; my house at Zillow = $384,400. That is the midpoint of the spread they put on the house of Zestimate range $357,000 - $411,000. But the number shoppers see and believe is that mid point even though the house had a VA appraisal for a refi 2 weeks ago at $412,000. Anyone shopping Zillow would think I was overpricing by $27,600 if I ask the appraised value. But, there are way too many intangibles for this bare estimated comparable" number. Like Monday a new roof goes on, Thursday a new solar collector to heat the pool, the following Tuesday it gets a new screened in pool enclosure (required by law and deed restrictions) and at the end of next week all new 7 inch gutters with leaf guards. That is more than a trifecta of asking full price here. Plus it is an architect designed and built house unlike any of the vomited up houses that are pure tract houses even if on nicer larger lots. Pennymac guide price is $407,868. Which is $167 per sq ft. That is cheap housing by any standards. A comparable house in southern Oregon where I moved from would be more like $450 per sq ft. In San Francisco's Pacific Heights the average per sq ft is over $1,250. Some higher end condos there are over $3,000. The national average including all sales is about $225.

I am sorry but I would not read it as 1230 in rebate when you are paying 2400 in points but rather that you are paying 1200 in points for 5.875. Rate is good for a 10 year ARM. You could save maybe a 1000-1500 if you shopped harder but it might not be worth it. I just checked our pricing with PennyMac and a 30 yr fixed is actually cheaper than 10 yr ARM. Why would you take the risk of a ARM while paying more in fees? What were you offered on 30 yr fixed?

Mortgage brokers are LOs to be clear. To answer your question most people go to retail lenders because they're referred by realtors, marketing, etc. Millions of people have lost tens of thousands of dollars on their loans because they chose to work with Rocket instead of brokers using Rocket wholesale, or pennymac or freedom are also good examples. Even Loan Depot opened up its wholesale channel again

On mobile, so I can’t format rn, but here’s the companies, their income and what stat they’re headquartered in from the report. Company US Income State HQ 3M $1.84 billion MN AdaptHealth $66 million PA Ameren $1.60 billion MO American Electric Power $3.67 billion OH Antero Resources $848 million CO APA $1.25 billion TX ArcBest $81 million AR ARKO $19 million VA ASGN $146 million VA Atmos Energy $1.46 billion TX Autodesk $674 million CA Belden $82 million MO Biogen $1.17 billion MA Block $1.52 billion CA Brighthouse Financial $475 million NC BrightView Holdings $76 million PA Brink's $62 million VA Cheniere Energy $6.97 billion TX Citigroup $4.45 billion NY Coinbase Global $1.62 billion DE Costar Group $127 million VA CVR Energy $19 million TX CVS Health $6.57 billion RI Datadog $90 million NY Dominion Energy $3.49 billion VA Dropbox $339 million CA DTE Energy $1.54 billion MI Duke Energy $5.54 billion NC Edison International $6.22 billion CA EQT $2.67 billion PA ESAB $35 million MD Etsy $173 million NY GoDaddy $981 million AZ Graphic Packaging $492 million GA Halliburton $773 million TX Hasbro $364 million RI Hillenbrand $24 million IN Honeywell International $845 million NC HP $98 million CA Huntington Ingalls Industries $777 million VA Illumina $318 million CA Jefferies Financial $597 million NY Kaiser Aluminum $136 million TN KBR $242 million TX Kohl's $294 million WI L3Harris Technologies $1.65 billion FL Liberty Energy $201 million CO Liberty Media $288 million CO Live Nation Entertainment $98 million CA Mastec $450 million FL MasterBrand $33 million OH Mosaic $142 million FL NiSource $1.15 billion IN NRG Energy $1.03 billion TX Palantir Technologies $1.58 billion CO Parsons $372 million VA Paypal Holdings $1.43 billion CA PennyMac Financial Services $554 million CA Petco Health and Wellness $15 million CA PG&E Corp. $2.46 billion CA Pitney Bowes $151 million CT Roku $72 million CA SAIC $375 million VA Scotts Miracle-Gro $249 million OH Seaboard $57 million KS Sealed Air $147 million NC Sempra Energy $853 million CA Solventum $555 million MN Southwest Airlines $561 million TX Southwest Gas Holdings $334 million NV Telephone & Data Systems $58 million IL Teradata $40 million CA Tesla $5.68 billion TX Textron $885 million RI Toast $316 million MA UGI $549 million PA United Airlines Holdings $4.29 billion IL Upbound Group $153 million TX V2X $84 million VA Venture Global $3.32 billion VA Vistance Networks $21 million SC Vistra Corp $1.15 billion TX Walt Disney $8.30 billion CA WEC Energy Group $1.67 billion WI Winnebago Industries $22 million MN Wynn Resorts $293 million NV Xcel Energy $1.75 billion MN Yum Brands $1.03 billion KY

I would assume so, in my honest opinion 2X is still good for that however the accelerator based on my understanding would be worth it if you don’t plan on making another 10k purchase later in the year, I would like to preface this by saying I haven’t gotten the card yet as I am still deciding if it’s worth it. But with every Reddit post I am getting closer, and that’s without the mortgage benefit, hopefully pennymac allows bilt payments

A number of things can cause this to happen. When your escrow is created they go based off the previous years taxes or on the lot amount if new build. So your monthly escrow tax payment is usually just an estimate until the county sends your tax bill to the mortgage company. So because they were collecting on the projected amount but billed a new amount they have to “collect” on that “shortage”. Because your mortgage company will always pay out what is billed to them. You can call your mortgage company and ask them to spread your “shortage” as much as possible. When I worked for Pennymac we would spread that shortage out as far as 5 years. We advise against it because it can cause further shortages as your escrow analysis is still scheduled to happen every 12 months. But by doing this, it gives you breathing room while you figure out what happened and allows you to apply for exemptions with the City, if you qualify.

Idk if you still use reddit but I'm currently going through this. I'm trying to sell my home and the closing got pushed. It was suppose to be on the 30th so I went ahead and paid my mortgage last min. I've done this before and it overdraft and I'll have the funds when I get paid the next day, but this time they returned it. I called pennymac and they said they see the payment but they will automatically re attempt the payment again later. Did it hit your credit or did it work out? I haven't perfect payment history. With how my lifes been going i should've known this would happen lol

Fucking hell, that rate is atrocious. Shop around a bit more. I think PennyMac even has a generic 5.75 available for standard VA loans right now. Also, going to sound silly, but make sure to look for lenders who cover closing costs in the event your original closing date is missed. I did with mine, and, sure enough, our initial closing date came/went, so my lender wound up being on the hook for all closing fees, meaning I just had my mortgage and nothing else to worry about.

So we deal with a lot of BS on the broker side. If you’re an LO that drinks the UWM cool-aid and send all your business there, you’re kinda like simulating you work in retail. If you actually care about your clients rates and fees, do a lot of non-qm, etc, then you’ll have loans with different lenders constantly. For example this month I had 8 closings. Here is the breakdown 2 with UWM 2 with Windsor 1 with Sunwest mortgage 1 with brokers choice 1 with Fundloans 1 with Pennymac I did this because 1 was a manual underwriter, 2 were non-qm, 1 had exceptionally better pricing for the borrower. ^^^ when the above is your life, it’s chaotic. You’re managing 8 different lenders, underwriters, closers, funders, account executives, etc. different overlays for each lender, each account executive saying that something can be done, but then cant actually be done. Etc. So the job I wouldn’t say is inherently harder than retail it’s just extremely less organized. Most of my coworkers for this reason just send everything to one lender. But they’re doing their client a disservice, and simply picking the simplest option, not the BEST option. I get turn downs though from builders, other lenders, fall outs etc, so I unfortunately have to get comfortable as well with outside of my box lenders. So the broker side you’ll deal with this type of stuff constantly. For references I average about 2% comp on all these though. So the cost-analysis is worth it for the un-organized headache. Hope this helps.

Yeah luckily I locked in at the low before the Iran war. PennyMac bought out my loan from who I originally got my first loan from (I was told it was common) and they kept sending me mail. One said I qualified for 5% so I called then they told me I actually only qualified for 5.375. I told them about the mail I got and asked what I needed to do to get my rate down to the 5% and they offered to buy down the points themselves to get me to 5%. I would recommend using any mail you get promising you a low rate as evidence against them and see if they’re willing to do the same and buy some points. I saved 14k alone on that

Ugh, I'm having the same issue with you. My loan service is also PennyMac, called to get connected to escrow department to no avail it's been two weeks and I don't know what to do. Bought my house in Austin last year and apparently the appraisal district team did not apply Homestead Exemption to my last year property tax so I'm paying \~$1,5k extra and allegedly sent a refund check to PennyMac. PennyMac never communicate anything with me, had I not randomly went to the county website to check, I wouldn't have known. Instead they sent me an email about "escrow analysis" and they increase my county tax by $149.43 which I don't mind about as a reserve, but on top of that they added $1949.69/ year as a reserve. First of all the initial escrow payment was calculated by last year property tax but my property value has gone down by $11k (so according to the county, my tax is a tad lower than 2024) and home insurance payment also lower by $140/ per year. Knowing what I know now, I should've received a refund or at least breakeven. I just don't understand the calculation why increase county tax then add reserve on top of that? Wouldn't the $149.43 is calculated as a reserve? I messaged them to redo escrow analysis and they refused, I told them what I know they still refused. I hate this escrow thing so much, I prefer paying the tax and insurance myself but I only have 15% equity.

5.35% with a lender credit on a VA 30 year is solid right now. With 6 weeks left, its worth at least checking with one or two other VA savvy lenders you can get a LE without committin, and if someone beats it, you can ask PennyMac to match or walk. Exp with LendFriend Mortgage for my VA refi, price was competitive but what I felt was service was way more personal. Either way, if PennyMac holds at 5.35% with a credit, you are in a good spot

I know nothing about Rocket, and Chase stole a house from me in 2009 during the GFC. I was with Pennymac for a while when I bought this place. I like them. But did an IRRRL to get a 2.25% mortgage and have been with Freedom Mortgage since 2021, they are okay also. Unfortunately I am refinancing again with a closing next week or early April, and will be entered into the crooked service lottery again. Some of them are really bad. Just like OP's story. \[edit\] I submitted a complaint to the CFPB when Chase stole my house and raided my bank account and all they do is let the bank investigate itself and determine they have broken no laws. I should have sued but they fucked me up so bad I could not afford to.

Data point update. The BILT bank account got verified and now shows up as source of payment method under Bank Accounts in PENNYMAC payment portal, the $5 principal reduction PULL test posted at PENNYMAC on March 18, 2026. However this $5 PULL test has yet to have shown up at the BILT side under the "My Home" page's Payment history, nor the linked ACH bank account showing this $5 withdrawl. Nor do i see this $5 charge showing up on the BILT card. Something seems off "at the BILT" side (i'll see when BILT side updates), but at least seem PENNYMAC has checked and verified my BILT's bank routing number and account number.

You could refinance to a company who agrees with your original company. You could even refinance to the company you were with in the first place. Might cost you a few bucks but it prob won't be $18,500. Some lenders sell their loans right away, others hold them forever. UWM has a feature you can select that will ensure they don't sell your loan. Pennymac usually keeps their loans too. You could try refinancing to a local bank or credit union since they know the area.

Updating with my own data point. As others have said, this plastiq charge also went through for me as well. At the BILT points page, $1,740.37 (shows as PPQ Pennymac transaction), 2X Points on All Transactions $3,480 pts, Earn Bilt Cash +$69.61, so seem to collaborate what others have said. BILT does not explicitly show that i can tell how this was coded but from the "icon" for this point, what i can guess is coded as Misc. purchase. As kind of related, the auto loan charge from plastiq on BILT also picked up the 2X points and Bilt cash earned. Now, only if these stupid checks will get to their destinations on time.

I goofed. Turns out in PENNYMAC payment portal, i cannot just add a new bank account information and leave at that. Portal requires one to go through making onetime payment (or schedule a payment), otherwise the new bank addition will not go through. Urgh. On Mar 18 i went ahead added the BILT banking information as new payment method, made one-time payment of $5.00 to test the PULL. Current status is payment pending. Will check back in few days later. Urgh...

Honestly, I was switching to rocket but pennymac called me to retain and rather refinance with them. I chose to stick with pennymac because of the app and how easy it is to use to pay whenever I have some extra cash lying around. But to your point, if rocket had made a better deal I see no point sticking with them. Also after this nightmare of a refinance experience I would never ever refinance with them again. They’re good to shop around because they seem to match any loan estimate you throw at them.

I'm now at 5 business days since adding my Bilt's mortgage payment detail of routing and account numbers at the PENNYMAC for my home mortgage payment. And i'm still not seeing the Bilt information under the Bank Account. I have other bank accounts showing there but not the Bilt. Anyone remembers how long they had to wait for PENNYMAC to process Bilt's banking information before showing up under Bank Account list? My plan is to "pay through PENNYMAC", i.e. pull from PENNYMAC. Just don't trust, for now, the PUSH from Bilt. Thanks.

I have done this with PennyMac in similar circumstances (only 2-3 years into the mortgage for me) and it was remarkably painless. They did charge me maybe a couple hundred dollars or so for a mini-appraisal. In my case they did actually have an appraiser come to the property, take pictures, etc. I’m a bit of a negative Nancy in terms of expecting any decent customer service these days but I really have no complaints about the process.

I agree with others about the mortgage broker approach. Google search for some in your area and read the reviews! I initially started with a broker but my previous mortgage company beat their estimate. I played around with 3 lenders until others were eliminated because they couldn’t beat the leader. Most importantly, you have to have an actual LE before you can play “who wants my business.” My stats were very similar to your situation $350k down on $755k home with 790 credit. I ended up using PennyMac and no regrets at all! I sleep like a baby knowing I negotiated the best deal at the time.

Depending on your credit score, debt, income… this loan is insane and costing you way too much money. It is making lots of money for whoever is selling it. What lender or broker? Depending on your finances, you should be able to find 5.5ish with no pints and a lender credit right now, it was 5.25 Friday before last. I’d try getting comps from NBKC, Owning, loandrone, pennymac, navy federal cu, and/or any other big bank u you have accounts with (chase, Wells Fargo, etc). Typically, they will match best offers and maybe better if you have other money to move and invest. My go to historically was always NBKC for va refinancing, but owning beat them on my purchase 1.5 yrs ago. And other big banks would match, but not better. GL

Definitely don't assume closing costs would be more, every loan agent I've shopped with has offered me a better rate with more lender credits than my original lender. I'm actually trying to close a refinance today with 5.8% and no closing costs. My current lender (pennymac) said our closing costs would've been $2600. You're paying way above the market rate with your current lender for absolutely no reason it seems in my opinion.

Raw profitability is still kind of an accounting game. * They took a $221M GAAP loss in Q1 2025 on MSRs alone. Keep in mind this was before the COOP acquisition. Taking it on the chin early helped prevent a meltdown like we saw with PennyMac in Q4. RKT is also uniquely good at recapturing this churn, which is currently playing out as we see Q4 numbers across the industry get reported. * There was another $234M GAAP net loss on Redfin/COOP transaction/integration expenses. Again, these should be one-time, and with significant ROI that show up in future earnings. * While not specifically called out in any documentation I can find, RKT is a BEAST in marketing spend, and in 2025 they rebranded from "Rocket Mortgage" to "Rocket", which seems silly on its face, but is their attempt to move from a "mortgage company" to a "home ownership platform". You can bet they spent HEAVILY on marketing in 2025, and the Redfin/COOP acquisitions suggest this is legit business strategy and not marketing hype. The way I see it, and supported by their Q4 report, they didn't really become less *profitable*, they just spent a lot more, and the hope is that those investments pay off. >why was that not captured in the analyst expectations Who knows. My theory is that there is still a lot of angst around whether or not RKT will be able to pull off these major integrations effectively. This stuff isn't plug-and-play. I think it's also mired by the whole interest rate uncertainty. >But when you’re operating at negative margins... RKT isn't operating at negative margins on a loan-by-loan basis. Based on Q4 reporting, their gain-on-sale is outpacing the market. They're just spending a lot of money on "other stuff". More volume absolutely benefits RKT right now (and they specifically called out on the Q4 call that they will NOT chase unprofitable loans for volume).

I owe 286k with 29 years left . with pennymac now at 6.75. our local broker who we work with before said it hasn't gonna down anuff. I think he really means aleast a whole point. and his policy is for us to break even under 1 yr so he told us wait. he wants us to refi with him but he said wait a little longer. I should say we called him just poking around. I think pennymac did offer us 5.99 recently.  again I'm just waiting for our original lender before chasing. also when the shake up happens at reserve in a few months.... 30 yr conventional massachusetts 

It's not up to the lender what their borrower's rights are under a federal law lol In any case, OP's lender literally has a process for this: https://www.pennymac.com/faqs/assumption-10-conventional-qualified-assumption-divorce I did this with my non-assumable conventional mortgage through PennyMac in 2024. Once I told them I was seeking a Garn-exempt assumption due to my divorce, they gave me no trouble.

Garn prevents the lender from enforcing the due-on-sale clause that makes most mortgages non-assumable, so it's relevant here. Yes, the removed borrower would also need to get a release from liability to remove the mortgage from their credit profile and prevent impacts to their credit. PennyMac includes the release from liability in their qualified assumption process. I did this with my conventional mortgage through PennyMac in 2024. I think the only part of the process PennyMac didn't handle for us was the Quitclaim Deed, because my lawyer had already taken care of that.

My mortgage is through PennyMac and I was able to assume my mortgage during my divorce. Assumption removes one borrower without impacting the other loan terms, so you get to keep your interest rate. For PennyMac specifically, you should request to be connected to the Qualified Assumptions department. You may have to specifically say that you are pursuing a Garn-exempt assumption due to divorce. (The Garn-St. Germain Act makes due-on-sale clauses unenforceable in certain situations, including divorce, which allows you to pursue assumption even if your mortgage is otherwise non-assumable.) You'll still have to qualify to carry the mortgage on your own though. Edit to add: PennyMac's FAQ has more info on the process. The contact info for the right department is in the attachment: https://www.pennymac.com/faqs/assumption-10-conventional-qualified-assumption-divorce

If OP (or their ex) can qualify to support the mortgage on their own, they can pursue a mortgage assumption. An assumption removes one party and preserves the rest of the existing loan terms. The Garn-St. Germain Act protects your right to an assumption in the event of a divorce (among other situations). I was able to keep my mortgage with 2.5% interest rate this way. Only cost like $800 (plus what it took to buy out my ex's share of the equity) and took less than 2 months. Edit: Here is the link to PennyMac's FAQ on this. The contact info for their assumptions department is in the attachment: https://www.pennymac.com/faqs/assumption-10-conventional-qualified-assumption-divorce

Just refinanced from 6.5% to 5.6% with $4500 in lender credits through PennyMac. $2000 were from a promotion (our original loan was sold to them and they had an offer for $2000 credit on a refinance. The other $2500 came from a competing quote from First Class Mortgage who said they could match rate with $2000 less in closing costs. PennyMac came back and said they would add another $2500 in lender credits). Saving $600 a month on our mortgage payments. In Minnesota.

I used Veterans United for my house, they helped find a lender (pennymac) and walked the realtor through the paperwork, it was fairly smooth and easy. The only hiccup came was when the realtor said I'd have closing cost around 2-3k, but the paperwork was showed it was negative 2k, which meant I was supposed to get money from the closing deal. But after that was called out, everything else was smooth sailing.

As far as wholesale, rocket has their ignite 2026 event tomorrow. It will focus on wholesale and thier commitment to the broker community. They plan to share details about how the coop and rdfn acquisitions will benefit brokers. I expect to hear about several updates on wholesale strategy. They have teased some next level reveals but its likely they are broker specific tools. They are also expanding thier brokernextdoor site and doing a big official launch. This appears to be a directly competitive move as rockets version of uwms mortgagematchup (broker near me). Im also on team no dividend. Lol People are freaking out about uwm and pennymac earnings etc. Honestly I don't blame them. Rockets earnings release will be the same as always. A progressive update on the succeses they have seen in executing thier long term strategy. Another step up the stairs. Not some wild leap at a rope, chasing an extremely high precedent already set by Rocket.

Zillow matches you with agents via ShowingTime. Doesn’t mean the agents are bad, just that they are looking for ledes on ShowingTime. There’s no real vetting process- some are duds but if you meet someone you click with, then the fact that you met them on ShowingTime isn’t a reason to not engage. You can search for “reputable agents” but the reality is that most experienced agents prefer sell sides and might have a junior partner doing buy sides. And the agent you met doesn’t “work for” coldwell banker. They work for themselves and CB is the brokerage house where they hang their license. As for a mortgage: call YOUR bank, call the big banks (Chase, BofA, etc), call at least one local broker (use google), call pennymac. You don’t need to give your SSN to anyone to get quotes (Rocket mortgage will lie to you and say they do). Source: have gotten a mortgage 6 times.

Yea, but what I don't get is that folks don't understand that PennyMac LOST customers TO "others"..... Who are the leaders in the field, who can take business/ReFi's from PennyMac? RKT and UWMC. RKT's already pre-forecast a record quarter: [https://www.cnbc.com/video/2026/02/03/rocket-companies-ceo-on-track-to-produce-the-highest-mortgage-loan-production-in-4-years.html](https://www.cnbc.com/video/2026/02/03/rocket-companies-ceo-on-track-to-produce-the-highest-mortgage-loan-production-in-4-years.html)

I’m currently with barret and I can confidently say that your comment is not correct. Uwm is 90bps off, the loan store, pennymac, windsor, newrez and power tpo are all 45bps off. These are some of the most used corr options here at barrett and they all have holdbacks. This topic was discussed last week in the barrett backroom facebook group and zach barrett said that they will fix it and the wholesale & corr pricing will be the same. Well to all of our surprises they changed the wholesale pricing to match the corr pricing so wholesale pricing is also off for those lenders. Don’t believe me? Just go to the said lenders’ portal and download their fee sheet then compare the pricing at arive or on the lender’s portal. I’ll probably move soon to somewhere else where they don’t build enormous holdbacks in to the pricing and market it as “raw”

It’s been years at this point but we just used lender aggregate websites to find the best balance of interest rates vs buying down/credits and rolled with it. I think we ended up with PNC bank or something. We’re members of both Eastman CU and USAA so we checked there too but neither were as good as whoever we went with at the time. I feel like many times the company who sets up/approves/provides mortgage loans are just going to sell the loan to PennyMac or another massive bank who sits on the debt and makes their money on the interest anyways.

Okay well yeah bro, they can change rates on you anytime they want. Every lender has an "appetite." They adjust their pricing to be more aggressive when they want to get deals in the door and then they increase those rates when they're busy. This is why I like being a broker because you can utilize whichever lender is pricing the market at the time. It's not always the same lenders. Sometimes UWM runs a special and nobody can beat their pricing, especially when you consider their tech, other times PennyMac comes out on top or even smaller lenders can price aggressively when they're trying to get deals in the door. And you don't have to switch companies. See, right now when you don't like your rates, you have to switch companies. If you don't like your underwriters or your managers or their policies, or their underwriting philosophy seems too strict, or they have too many overlays, or anything else you don't like, you have to quit and find another place to work. Not when you're independent though. These are the main benefits of being independent. Same thing with underwriting. Don't like a conditional approval you received, or did you get a decline? Send it to another lender. Your borrower's application and credit pull is with YOUR brokerage so they don't have to reapply anywhere else, or hit their credit again.

I own my 1-person brokerage. No company fees and can take the loan BPC and make anything I want. I have my reputation and hundreds of reviews (Zillow, Google, Yelp) that pop up when they Google my name (been at it for 22 years). All local realtors know me and trust me. If I get a shopper, I spend minimum time and tell them to get me their lowest LE before I move a finger. I've basically built my business around referrals and 70-80% of them don't shop me at all. That said, I am super competitive when they do. I am at 2% LPC across the board and have Pennymac, UHM, Eleven, Provident etc in my arsenal.

Thanks. I am shopping and found a lower rate elsewhere already. Everyone says to tell them if I can find lower, and they’ll match it. How about just give me the best you got to start with!! And then PENNYMAC pressures you into locking in the same day with promises of matching anything better you get elsewhere- like I am really going to trust that? I’m sure if I come back tomorrow and tell them I found something better they’ll honor it regardless.. and they want $250 to lock it in. I’m so confused.