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PARTNER WITH POWER

 

Correspondent Lending

 

 

Strength in Community, Commitment to Service,
Attract and Retain Top Talent

Partnering with Power Means More for Your Business

 

  • Serving American families since 1935
  • 2nd largest credit union and 2nd largest credit union mortgage lender
  • Top-10 correspondent lender
  • Account executives and sales support managers to help tailor your needs and grow your business
  • Access to an expansive suite of products including Conforming, Jumbo, and VA
  • Responsive service with industry leading turn times
  • Proudly serving all 50 states
  • Five-star service commitment

Underwriting Resources

 

PenFed Correspondent provides our partners Delegated Underwriting authority, so you retain control of your origination process and closing timeline

 

  • Dedicated Scenario Desk
  • Follow DU Credit Recommendations
  • Easy Access to AllRegs Library
  • Experienced Teams Providing Personalized Lender Support

Products

 

  • Fixed and ARM Loan Products
  • Primary Occupancy
  • High-Balance available up to 95% LTV
  • DU Sponsorship Available

  • Loan Amounts up to $2,500,000
  • Fixed and ARM Loan Products
  • DU Approve/Ineligible Findings
  • Cash-out up to $500,000
  • 700 minimum FICO up to $1,500,000 (ARM) and $2,000,000 (FIXED)

  • Up to $3,000,000
  • Purchase, IRRRL and Cash-out Refinance
  • Cash-out up to 90% LTV
  • Minimum FICO 620

Become an Approved Lender

Contact Your Correspondent Account Executive

About Us

 

Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions servicing million members worldwide with $ billion in assets. We do business in all states and the District of Columbia.

Our correspondent lending division is built around partnership. When you “Partner with Power,” you’ll be working with a team of experienced industry professionals committed to helping you to grow your business — we have the products and programs that enable our lending partners to attract and retain top talent.

Our dedicated team of account executives and sales support staff pride themselves on personalized service and support for our lending partners. Contact us today to learn more about how a partnership with PenFed can help to grow your business.

Contact Us

One of our team members will be in touch to discuss how PenFed can help power your business.

 

PenFed Correspondent: corrsupport@penfed.org

Correspondent Lending Blog

Disclosures

© Pentagon Federal Credit Union
Information herein intended solely for mortgage bankers, mortgage brokers, financial institutions, and correspondent lenders. Not intended for distribution to consumers.

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