Correspondent Lending

Win deals. Attract and retain top talent.

You Can Power Your Business


  • Products available up to $5,000,000
  • Unlimited Cash Out Up to Max LTV
  • No Delegated Administration Fee
  • Delegated and Non-Delegated Underwriting
  • Primary and Second Homes 
  • One appraisal up to $2,000,000      

Underwriting Options


Delegated Underwriting

  • Dedicated Scenario Desk
  • Delegated UW Authority up to $5,000,000
  • Follow DU Credit Recommendation
  • Easy Access to AllRegs Library
  • Experienced Teams Providing Collaborative Support
  • Personalized Lender Support

Non-Delegated Underwriting

  • In-House Underwriting, File Review and Loan Purchase
  • Follow DU Credit Recommendations with Limited Overlays
  • Dedicated Scenario Desk
  • Easy Access to AllRegs Library
  • Experienced Teams Providing Collaborative Support
  • Streamlined Loan Delivery Process



Jumbo and Super Jumbo

High Balance



PenFed Jumbo ARMS

Become an Approved Lender


Delegated Seller Requirements

Non-Delegated Seller Capital Requirements

About Us


Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions servicing 2.0 million members worldwide with 27 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 to 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 on 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.


Delegated Correspondent -

Non-Delegated Correspondent -

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